Thrivent Financial for Lutherans Buys 26,107 Shares of Trustmark Corporation $TRMK

Thrivent Financial for Lutherans raised its stake in Trustmark Corporation (NASDAQ:TRMK) by 16.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 183,868 shares of the financial services provider’s stock after buying an additional 26,107 shares during the quarter. Thrivent Financial for Lutherans owned 0.30% of Trustmark worth $6,703,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP raised its position in shares of Trustmark by 34.2% in the 1st quarter. Wellington Management Group LLP now owns 3,318,799 shares of the financial services provider’s stock valued at $114,465,000 after acquiring an additional 846,238 shares during the period. Goldman Sachs Group Inc. increased its stake in Trustmark by 17.2% in the first quarter. Goldman Sachs Group Inc. now owns 470,756 shares of the financial services provider’s stock valued at $16,236,000 after purchasing an additional 69,110 shares in the last quarter. Fisher Asset Management LLC raised its holdings in Trustmark by 13.6% in the second quarter. Fisher Asset Management LLC now owns 413,465 shares of the financial services provider’s stock worth $15,075,000 after purchasing an additional 49,540 shares during the period. Federated Hermes Inc. raised its holdings in Trustmark by 0.6% in the second quarter. Federated Hermes Inc. now owns 343,945 shares of the financial services provider’s stock worth $12,540,000 after purchasing an additional 2,018 shares during the period. Finally, Trustmark Bank Trust Department grew its holdings in shares of Trustmark by 0.6% in the 2nd quarter. Trustmark Bank Trust Department now owns 300,167 shares of the financial services provider’s stock valued at $10,944,000 after buying an additional 1,788 shares during the period. 67.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on TRMK. Zacks Research cut shares of Trustmark from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Trustmark in a research note on Wednesday, October 8th. Finally, Wall Street Zen lowered Trustmark from a “hold” rating to a “sell” rating in a research report on Saturday, December 6th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $42.25.

Trustmark Price Performance

Shares of NASDAQ TRMK opened at $41.01 on Friday. The company has a fifty day moving average price of $38.67 and a 200 day moving average price of $38.29. The firm has a market cap of $2.46 billion, a PE ratio of 11.20 and a beta of 0.71. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.09. Trustmark Corporation has a 1-year low of $29.77 and a 1-year high of $41.42.

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

Trustmark Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.96 dividend on an annualized basis and a yield of 2.3%. Trustmark’s dividend payout ratio is 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.