Two Sigma Securities LLC Acquires Shares of 8,974 Trustmark Co. (NASDAQ:TRMK)

Two Sigma Securities LLC acquired a new stake in Trustmark Co. (NASDAQ:TRMK - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 8,974 shares of the financial services provider's stock, valued at approximately $317,000.

Other institutional investors have also made changes to their positions in the company. Jones Financial Companies Lllp acquired a new stake in Trustmark in the 4th quarter valued at $37,000. Sterling Capital Management LLC increased its position in shares of Trustmark by 817.7% in the fourth quarter. Sterling Capital Management LLC now owns 1,918 shares of the financial services provider's stock valued at $68,000 after acquiring an additional 1,709 shares during the last quarter. KBC Group NV raised its holdings in Trustmark by 43.0% during the fourth 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 in the last quarter. Cibc World Markets Corp acquired a new position in Trustmark during the fourth quarter valued at approximately $201,000. Finally, Blue Trust Inc. grew its stake in Trustmark by 19.0% in the fourth quarter. Blue Trust Inc. now owns 5,896 shares of the financial services provider's stock valued at $209,000 after purchasing an additional 943 shares in the last quarter. Institutional investors own 67.64% of the company's stock.

Trustmark Stock Performance

Shares of NASDAQ TRMK traded up $0.83 during mid-day trading on Friday, reaching $34.91. 220,247 shares of the company were exchanged, compared to its average volume of 298,900. Trustmark Co. has a twelve month low of $27.42 and a twelve month high of $40.73. The stock has a market capitalization of $2.12 billion, a P/E ratio of 9.59 and a beta of 0.67. The company's 50-day simple moving average is $33.69 and its 200-day simple moving average is $35.65. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.09.

Trustmark (NASDAQ:TRMK - Get Free Report) last posted its earnings results 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. The company had revenue of $231.83 million for the quarter, compared to the consensus estimate of $195.38 million. Trustmark had a return on equity of 10.12% and a net margin of 19.42%. As a group, research analysts predict that Trustmark Co. will post 3.42 earnings per share for the current year.

Trustmark Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 15th. Stockholders 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 dividend yield of 2.75%. The ex-dividend date is Friday, May 30th. Trustmark's dividend payout ratio is currently 25.00%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Janney Montgomery Scott began coverage on Trustmark in a report on Friday, January 24th. They issued a "buy" rating and a $42.00 price objective for the company. Hovde Group lifted their price objective on shares of Trustmark from $36.00 to $37.00 and gave the company a "market perform" rating in a research report on Monday, April 28th. DA Davidson upped their target price on shares of Trustmark from $40.00 to $41.00 and gave the company a "neutral" rating in a report on Thursday, January 30th. Finally, Keefe, Bruyette & Woods reduced their price target on Trustmark from $45.00 to $43.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $39.80.

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.