Campbell & CO Investment Adviser LLC Trims Holdings in Trustmark Corporation $TRMK

Campbell & CO Investment Adviser LLC lowered its stake in shares of Trustmark Corporation (NASDAQ:TRMK) by 57.0% in the third quarter, Holdings Channel reports. The institutional investor owned 16,173 shares of the financial services provider’s stock after selling 21,481 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Trustmark were worth $640,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. EverSource Wealth Advisors LLC boosted its stake in Trustmark by 452.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,248 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 1,022 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Trustmark by 23.2% in the 2nd quarter. GAMMA Investing LLC now owns 2,228 shares of the financial services provider’s stock valued at $81,000 after purchasing an additional 419 shares in the last quarter. Smith Shellnut Wilson LLC ADV bought a new position in shares of Trustmark during the third quarter worth about $205,000. Cetera Investment Advisers acquired a new position in Trustmark in the second quarter worth about $207,000. Finally, Mitchell Mcleod Pugh & Williams Inc. acquired a new position in Trustmark in the second quarter worth about $208,000. Institutional investors own 67.64% of the company’s stock.

Trustmark Stock Performance

TRMK stock opened at $40.39 on Wednesday. Trustmark Corporation has a 1 year low of $29.77 and a 1 year high of $41.50. The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of 11.04 and a beta of 0.69. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.87 and a current ratio of 0.88. The stock’s fifty day moving average is $39.62 and its two-hundred day moving average is $39.12.

Trustmark (NASDAQ:TRMK) last released its quarterly earnings data 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 firm had revenue of $207.53 million during the quarter, compared to analyst estimates of $206.13 million. Trustmark had a return on equity of 10.90% and a net margin of 19.82%.The firm’s revenue was up 5.3% on a year-over-year basis. During the same period last year, the business earned $0.84 EPS. On average, research analysts predict that Trustmark Corporation will post 3.42 EPS for the current year.

Trustmark Dividend Announcement

The firm also recently disclosed 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 was Monday, December 1st. This represents a $0.96 annualized dividend and a dividend yield of 2.4%. Trustmark’s payout ratio is currently 26.23%.

Analyst Upgrades and Downgrades

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

About Trustmark

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.