American Century Companies Inc. Sells 138,989 Shares of Trustmark Corporation $TRMK

American Century Companies Inc. lessened its holdings in shares of Trustmark Corporation (NASDAQ:TRMK) by 24.3% during the second quarter, HoldingsChannel.com reports. The firm owned 432,157 shares of the financial services provider’s stock after selling 138,989 shares during the quarter. American Century Companies Inc.’s holdings in Trustmark were worth $15,756,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. State of Wyoming bought a new stake in shares of Trustmark in the first quarter valued at approximately $52,000. GAMMA Investing LLC increased its stake in Trustmark by 23.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,228 shares of the financial services provider’s stock worth $81,000 after acquiring an additional 419 shares during the period. Cetera Investment Advisers acquired a new position in Trustmark in the 2nd quarter valued at $207,000. Mitchell Mcleod Pugh & Williams Inc. bought a new stake in shares of Trustmark during the 2nd quarter valued at $208,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Trustmark during the 2nd quarter worth $211,000. 67.64% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TRMK has been the subject of a number of analyst reports. Zacks Research downgraded Trustmark from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Trustmark in a report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $42.25.

Trustmark Stock Down 0.7%

Shares of NASDAQ TRMK opened at $38.56 on Wednesday. The company has a 50 day simple moving average of $38.56 and a 200 day simple moving average of $37.90. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.88 and a quick ratio of 0.86. Trustmark Corporation has a 1 year low of $29.77 and a 1 year high of $41.33. The firm has a market cap of $2.31 billion, a PE ratio of 10.54 and a beta of 0.71.

Trustmark (NASDAQ:TRMK) last posted its earnings results on Tuesday, October 28th. The financial services provider reported $0.94 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.01). The business had revenue of $207.53 million for the quarter, compared to the consensus estimate of $206.13 million. Trustmark had a return on equity of 10.90% and a net margin of 19.82%.The company’s revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.84 earnings per share. On average, research analysts forecast that Trustmark Corporation will post 3.42 EPS for the current year.

Trustmark Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Monday, December 1st. Trustmark’s dividend payout ratio (DPR) is currently 26.23%.

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.