Trustmark Co. (NASDAQ:TRMK) Shares Sold by Earnest Partners LLC

Earnest Partners LLC decreased its position in Trustmark Co. (NASDAQ:TRMK - Free Report) by 0.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,311,428 shares of the financial services provider's stock after selling 24,201 shares during the quarter. Earnest Partners LLC owned 5.41% of Trustmark worth $117,125,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently added to or reduced their stakes in the business. AlphaQuest LLC lifted its stake in shares of Trustmark by 4.7% in the 4th quarter. AlphaQuest LLC now owns 10,157 shares of the financial services provider's stock valued at $359,000 after purchasing an additional 456 shares during the period. HB Wealth Management LLC lifted its position in Trustmark by 0.7% during the fourth quarter. HB Wealth Management LLC now owns 74,634 shares of the financial services provider's stock valued at $2,640,000 after buying an additional 528 shares during the period. Oppenheimer Asset Management Inc. grew its position in shares of Trustmark by 1.0% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 54,274 shares of the financial services provider's stock worth $1,920,000 after buying an additional 528 shares during the period. Element Wealth LLC increased its stake in shares of Trustmark by 6.3% in the 4th quarter. Element Wealth LLC now owns 9,018 shares of the financial services provider's stock worth $319,000 after acquiring an additional 533 shares in the last quarter. Finally, Swiss National Bank lifted its position in Trustmark by 0.7% during the 4th quarter. Swiss National Bank now owns 114,400 shares of the financial services provider's stock valued at $4,046,000 after acquiring an additional 800 shares during the period. Hedge funds and other institutional investors own 67.64% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on TRMK shares. Hovde Group increased their target price on Trustmark from $36.00 to $37.00 and gave the stock a "market perform" rating in a research note on Monday. DA Davidson lifted their target price on shares of Trustmark from $40.00 to $41.00 and gave the stock a "neutral" rating in a report on Thursday, January 30th. Janney Montgomery Scott started coverage on shares of Trustmark in a research report on Friday, January 24th. They set a "buy" rating and a $42.00 price target for the company. Finally, Keefe, Bruyette & Woods lowered their price objective on Trustmark from $45.00 to $43.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $39.80.

Trustmark Trading Up 2.6 %

Shares of NASDAQ:TRMK traded up $0.89 during trading hours on Friday, hitting $34.97. 76,004 shares of the company's stock traded hands, compared to its average volume of 298,436. The firm has a market capitalization of $2.13 billion, a P/E ratio of 9.61 and a beta of 0.67. The business has a fifty day moving average price of $33.72 and a 200-day moving average price of $35.64. Trustmark Co. has a 1 year low of $27.42 and a 1 year high of $40.73. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.87 and a quick ratio of 0.86.

Trustmark (NASDAQ:TRMK - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.82 by $0.06. Trustmark had a return on equity of 10.12% and a net margin of 19.42%. The company had revenue of $231.83 million during the quarter, compared to analysts' expectations of $195.38 million. Equities analysts expect that Trustmark Co. will post 3.42 earnings per share for the current year.

Trustmark Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 15th. Investors of record on Sunday, June 1st will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.96 dividend on an annualized basis and a yield of 2.75%. Trustmark's payout ratio is 25.00%.

Trustmark Profile

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.