Hsbc Holdings PLC lifted its holdings in Trustmark Co. (NASDAQ:TRMK - Free Report) by 110.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,194 shares of the financial services provider's stock after buying an additional 8,494 shares during the quarter. Hsbc Holdings PLC's holdings in Trustmark were worth $575,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the business. Jones Financial Companies Lllp purchased a new stake in shares of Trustmark during the 4th quarter valued at about $37,000. Sterling Capital Management LLC increased its holdings in Trustmark by 817.7% during the fourth quarter. Sterling Capital Management LLC now owns 1,918 shares of the financial services provider's stock valued at $68,000 after buying an additional 1,709 shares during the last quarter. KBC Group NV boosted its stake in shares of Trustmark by 43.0% during the 4th quarter. KBC Group NV now owns 3,163 shares of the financial services provider's stock worth $112,000 after acquiring an additional 951 shares during the last quarter. Cibc World Markets Corp bought a new stake in shares of Trustmark during the 4th quarter valued at $201,000. Finally, Blue Trust Inc. raised its holdings in Trustmark by 19.0% in the 4th quarter. Blue Trust Inc. now owns 5,896 shares of the financial services provider's stock worth $209,000 after purchasing an additional 943 shares during the period. 67.64% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on TRMK. Janney Montgomery Scott started coverage on shares of Trustmark in a research report on Friday, January 24th. They issued a "buy" rating and a $42.00 price target for the company. Keefe, Bruyette & Woods dropped their target price on shares of Trustmark from $45.00 to $43.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. DA Davidson raised their price target on Trustmark from $40.00 to $41.00 and gave the company a "neutral" rating in a report on Thursday, January 30th. Finally, Hovde Group upped their price objective on Trustmark from $36.00 to $37.00 and gave the stock a "market perform" rating in a research note on Monday, April 28th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $39.80.
View Our Latest Stock Report on TRMK
Trustmark Trading Up 3.6%
Shares of Trustmark stock traded up $1.27 during trading on Monday, hitting $36.39. The stock had a trading volume of 57,793 shares, compared to its average volume of 297,532. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.87 and a quick ratio of 0.86. The stock has a market cap of $2.20 billion, a PE ratio of 10.00 and a beta of 0.63. Trustmark Co. has a 12 month low of $27.42 and a 12 month high of $40.73. The firm's fifty day simple moving average is $33.56 and its 200-day simple moving average is $35.67.
Trustmark (NASDAQ:TRMK - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.06. Trustmark had a return on equity of 10.12% and a net margin of 19.42%. The firm had revenue of $231.83 million for the quarter, compared to the consensus estimate of $195.38 million. As a group, sell-side analysts expect that Trustmark Co. will post 3.42 EPS for the current fiscal year.
Trustmark Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Sunday, June 15th. Stockholders of record on Sunday, June 1st will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date is Friday, May 30th. Trustmark's dividend payout ratio is currently 25.00%.
Trustmark Profile
(
Free Report)
Trustmark Corporation operates as the bank holding company for Trustmark National Bank that provides banking and other financial solutions to individuals and corporate institutions in the United States. The company operates through three segments: General Banking, Wealth Management, and Insurance. It offers checking, savings, and money market accounts; certificates of deposits and individual retirement accounts; financing for commercial and industrial projects, income-producing commercial real estate, owner-occupied real estate, and construction and land development; and installment and real estate loans, and lines of credit, as well as treasury management services.
Further Reading
Before you consider Trustmark, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Trustmark wasn't on the list.
While Trustmark currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
