SG Americas Securities LLC Acquires 13,749 Shares of Trustmark Corporation $TRMK

SG Americas Securities LLC increased its holdings in Trustmark Corporation (NASDAQ:TRMK) by 158.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,444 shares of the financial services provider’s stock after purchasing an additional 13,749 shares during the period. SG Americas Securities LLC’s holdings in Trustmark were worth $889,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its position in shares of Trustmark by 452.2% during the second quarter. EverSource Wealth Advisors LLC now owns 1,248 shares of the financial services provider’s stock valued at $46,000 after buying an additional 1,022 shares during the last quarter. GAMMA Investing LLC grew its stake in Trustmark by 23.2% during the second quarter. GAMMA Investing LLC now owns 2,228 shares of the financial services provider’s stock valued at $81,000 after acquiring an additional 419 shares in the last quarter. Cetera Investment Advisers bought a new stake in Trustmark in the 2nd quarter valued at $207,000. Mitchell Mcleod Pugh & Williams Inc. bought a new stake in Trustmark in the 2nd quarter valued at $208,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Trustmark in the 2nd quarter worth $211,000. 67.64% of the stock is owned by hedge funds and other institutional investors.

Trustmark Stock Up 0.3%

Shares of NASDAQ TRMK opened at $41.31 on Tuesday. 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 12-month low of $29.77 and a 12-month high of $41.50. The firm’s 50-day moving average price is $39.60 and its 200-day moving average price is $39.10. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of 11.29 and a beta of 0.69.

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

Trustmark Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders 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 annualized dividend and a dividend yield of 2.3%. Trustmark’s payout ratio is currently 26.23%.

Analyst Ratings Changes

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

Trustmark Company Profile

Trustmark Corporation is a financial services holding company headquartered in Jackson, Mississippi. Through its principal subsidiary, Trustmark National Bank, the company provides a broad spectrum of commercial and consumer banking services. Trustmark’s offerings include deposit accounts, lending solutions, cash management services, residential and commercial mortgage financing, and credit card processing.

In addition to traditional banking, Trustmark offers trust and wealth management services designed to meet the needs of high-net-worth individuals, families and institutional clients.