Bridgeway Capital Management LLC reduced its stake in Trustmark Co. (NASDAQ:TRMK - Free Report) by 69.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 117,788 shares of the financial services provider's stock after selling 264,271 shares during the period. Bridgeway Capital Management LLC owned approximately 0.19% of Trustmark worth $4,166,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of TRMK. Barclays PLC lifted its holdings in shares of Trustmark by 124.7% during the third quarter. Barclays PLC now owns 125,743 shares of the financial services provider's stock valued at $4,001,000 after purchasing an additional 69,779 shares in the last quarter. Principal Financial Group Inc. raised its stake in Trustmark by 6.8% during the 3rd quarter. Principal Financial Group Inc. now owns 598,969 shares of the financial services provider's stock valued at $19,059,000 after buying an additional 37,989 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Trustmark by 10.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 122,956 shares of the financial services provider's stock valued at $3,912,000 after buying an additional 11,934 shares during the period. HB Wealth Management LLC boosted its stake in shares of Trustmark by 0.7% in the 4th quarter. HB Wealth Management LLC now owns 74,634 shares of the financial services provider's stock worth $2,640,000 after buying an additional 528 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Trustmark by 19.0% in the fourth quarter. Blue Trust Inc. now owns 5,896 shares of the financial services provider's stock worth $209,000 after acquiring an additional 943 shares during the period. 67.64% of the stock is currently owned by institutional investors.
Trustmark Price Performance
Shares of TRMK traded down $0.11 during mid-day trading on Friday, reaching $35.12. The stock had a trading volume of 150,284 shares, compared to its average volume of 298,452. The business has a fifty day moving average of $33.56 and a 200 day moving average of $35.66. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.86 and a current ratio of 0.87. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of 9.65 and a beta of 0.63. Trustmark Co. has a 12 month low of $27.42 and a 12 month high of $40.73.
Trustmark (NASDAQ:TRMK - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $0.88 EPS for the quarter, beating 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 business had revenue of $231.83 million for the quarter, compared to the consensus estimate of $195.38 million. Equities analysts predict that Trustmark Co. will post 3.42 EPS for the current year.
Trustmark Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 15th. Shareholders of record on Sunday, June 1st will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date is Friday, May 30th. Trustmark's dividend payout ratio (DPR) is currently 25.00%.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on the company. Keefe, Bruyette & Woods dropped their target price on Trustmark from $45.00 to $43.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. DA Davidson raised their price objective on shares of Trustmark from $40.00 to $41.00 and gave the stock a "neutral" rating in a report on Thursday, January 30th. Hovde Group upped their target price on shares of Trustmark from $36.00 to $37.00 and gave the company a "market perform" rating in a report on Monday, April 28th. Finally, Janney Montgomery Scott began coverage on shares of Trustmark in a research note on Friday, January 24th. They set a "buy" rating and a $42.00 price target on the stock. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, Trustmark presently has a consensus rating of "Hold" and a consensus target price of $39.80.
Check Out Our Latest Stock Analysis on TRMK
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.
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