California Public Employees Retirement System raised its position in Trustmark Corp (NASDAQ:TRMK) by 5.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 156,745 shares of the financial services provider’s stock after acquiring an additional 8,185 shares during the period. California Public Employees Retirement System owned about 0.23% of Trustmark worth $4,994,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. Ameriprise Financial Inc. raised its holdings in shares of Trustmark by 0.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 206,181 shares of the financial services provider’s stock worth $6,829,000 after buying an additional 1,674 shares in the last quarter. ING Groep NV increased its holdings in Trustmark by 23.2% during the 4th quarter. ING Groep NV now owns 10,222 shares of the financial services provider’s stock valued at $326,000 after purchasing an additional 1,926 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in Trustmark by 7.4% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 34,671 shares of the financial services provider’s stock valued at $1,148,000 after purchasing an additional 2,385 shares in the last quarter. Mutual of America Capital Management LLC increased its holdings in Trustmark by 6.9% during the 4th quarter. Mutual of America Capital Management LLC now owns 56,744 shares of the financial services provider’s stock valued at $1,808,000 after purchasing an additional 3,687 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in Trustmark by 107.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 7,468 shares of the financial services provider’s stock valued at $247,000 after purchasing an additional 3,870 shares in the last quarter. 63.77% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts recently weighed in on the company. BidaskClub raised Trustmark from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. SunTrust Banks dropped their price target on Trustmark to $33.00 and set an “average” rating for the company in a report on Tuesday, January 30th. Zacks Investment Research raised Trustmark from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a report on Saturday, January 13th. Stephens reaffirmed a “hold” rating and set a $34.00 price target on shares of Trustmark in a report on Thursday, January 25th. Finally, Hovde Group set a $33.00 price target on Trustmark and gave the company a “hold” rating in a report on Monday, February 5th. Eight investment analysts have rated the stock with a hold rating, Trustmark presently has a consensus rating of “Hold” and a consensus target price of $34.50.
Trustmark (NASDAQ:TRMK) last announced its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $0.48 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.48. The firm had revenue of $153.06 million for the quarter, compared to analyst estimates of $152.80 million. Trustmark had a return on equity of 8.35% and a net margin of 16.15%. During the same period last year, the company earned $0.43 EPS. equities research analysts predict that Trustmark Corp will post 2.15 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be given a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.92 dividend on an annualized basis and a yield of 2.75%. Trustmark’s payout ratio is 50.83%.
Trustmark Corporation is a bank holding company. The Company’s principal subsidiary is Trustmark National Bank (TNB). Through TNB and its subsidiaries, the Company operates as a financial services company providing banking and other financial solutions. It operates through three segments: General Banking, Wealth Management and Insurance.
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