Two Sigma Securities LLC acquired a new stake in shares of Trustmark Co. (NASDAQ:TRMK - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 8,974 shares of the financial services provider's stock, valued at approximately $317,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of TRMK. Price T Rowe Associates Inc. MD increased its holdings in Trustmark by 8.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 52,528 shares of the financial services provider's stock worth $1,858,000 after acquiring an additional 4,016 shares in the last quarter. Dark Forest Capital Management LP purchased a new stake in Trustmark during the fourth quarter valued at $350,000. Hsbc Holdings PLC lifted its holdings in shares of Trustmark by 110.3% in the 4th quarter. Hsbc Holdings PLC now owns 16,194 shares of the financial services provider's stock valued at $575,000 after acquiring an additional 8,494 shares during the last quarter. MetLife Investment Management LLC boosted its stake in Trustmark by 5.8% during the fourth quarter. MetLife Investment Management LLC now owns 37,141 shares of the financial services provider's stock worth $1,314,000 after buying an additional 2,020 shares during the period. Finally, First Trust Advisors LP raised its position in Trustmark by 35.6% in the 4th quarter. First Trust Advisors LP now owns 147,326 shares of the financial services provider's stock worth $5,211,000 after purchasing an additional 38,660 shares during the period. 67.64% of the stock is owned by institutional investors.
Trustmark Stock Performance
Shares of NASDAQ:TRMK traded up $0.83 during trading on Friday, hitting $34.91. 220,247 shares of the stock traded hands, compared to its average volume of 298,981. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.09. The company has a fifty day moving average price of $33.69 and a two-hundred day moving average price of $35.64. Trustmark Co. has a 52-week low of $27.42 and a 52-week high of $40.73. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 9.59 and a beta of 0.67.
Trustmark (NASDAQ:TRMK - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $0.88 EPS for the quarter, beating analysts' consensus estimates of $0.82 by $0.06. The business had revenue of $231.83 million during the quarter, compared to analysts' expectations of $195.38 million. Trustmark had a return on equity of 10.12% and a net margin of 19.42%. As a group, equities analysts predict that Trustmark Co. will post 3.42 EPS for the current year.
Trustmark Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Sunday, June 15th. Investors of record on Sunday, June 1st will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend is Friday, May 30th. Trustmark's dividend payout ratio is presently 25.00%.
Analysts Set New Price Targets
A number of analysts have weighed in on TRMK shares. Janney Montgomery Scott began coverage on Trustmark in a research note on Friday, January 24th. They issued a "buy" rating and a $42.00 target price on the stock. DA Davidson boosted their price objective on shares of Trustmark from $40.00 to $41.00 and gave the company a "neutral" rating in a research report on Thursday, January 30th. Hovde Group raised their target price on shares of Trustmark from $36.00 to $37.00 and gave the stock a "market perform" rating in a research report on Monday. Finally, Keefe, Bruyette & Woods dropped their price objective on Trustmark from $45.00 to $43.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $39.80.
Check Out Our Latest Stock Report on TRMK
Trustmark Company 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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