United Capital Financial Advisers LLC continued to hold its stake in Trustmark Corporation (NASDAQ:TRMK) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,073 shares of the financial services provider’s stock at the end of the first quarter. United Capital Financial Advisers LLC’s holdings in Trustmark Corporation were worth $257,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of TRMK. Louisiana State Employees Retirement System boosted its stake in Trustmark Corporation by 2.4% in the first quarter. Louisiana State Employees Retirement System now owns 17,100 shares of the financial services provider’s stock worth $544,000 after buying an additional 400 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in Trustmark Corporation during the first quarter worth about $216,000. Alpha Windward LLC boosted its stake in Trustmark Corporation by 0.9% in the first quarter. Alpha Windward LLC now owns 14,040 shares of the financial services provider’s stock worth $446,000 after buying an additional 120 shares in the last quarter. Bank of Montreal Can boosted its stake in Trustmark Corporation by 0.3% in the first quarter. Bank of Montreal Can now owns 5,759 shares of the financial services provider’s stock worth $182,000 after buying an additional 20 shares in the last quarter. Finally, Creative Planning boosted its stake in Trustmark Corporation by 1.7% in the first quarter. Creative Planning now owns 3,464 shares of the financial services provider’s stock worth $110,000 after buying an additional 59 shares in the last quarter. Institutional investors own 62.88% of the company’s stock.
Shares of Trustmark Corporation (TRMK) traded down 1.58% during mid-day trading on Friday, reaching $31.76. 326,705 shares of the company’s stock traded hands. The firm has a 50-day moving average of $32.37 and a 200 day moving average of $32.46. The company has a market cap of $2.15 billion, a P/E ratio of 18.70 and a beta of 1.14. Trustmark Corporation has a 12-month low of $25.56 and a 12-month high of $36.79.
Trustmark Corporation (NASDAQ:TRMK) last issued its earnings results on Tuesday, July 25th. The financial services provider reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.03. The firm had revenue of $157.10 million during the quarter, compared to analyst estimates of $152.57 million. Trustmark Corporation had a net margin of 18.35% and a return on equity of 8.04%. During the same quarter last year, the business earned $0.40 earnings per share. Equities analysts forecast that Trustmark Corporation will post $1.83 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.92 dividend on an annualized basis and a yield of 2.90%. Trustmark Corporation’s dividend payout ratio is presently 54.12%.
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Several brokerages have weighed in on TRMK. Hovde Group lifted their price objective on shares of Trustmark Corporation from $36.00 to $38.00 and gave the stock an “outperform” rating in a research note on Thursday, April 27th. BidaskClub upgraded shares of Trustmark Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. Jefferies Group LLC reiterated a “hold” rating and issued a $35.00 price objective on shares of Trustmark Corporation in a research note on Friday, June 9th. ValuEngine upgraded shares of Trustmark Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, Stephens set a $35.00 price objective on shares of Trustmark Corporation and gave the stock a “hold” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $34.20.
In other news, insider Duane A. Dewey sold 5,748 shares of the stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $30.85, for a total value of $177,325.80. Following the sale, the insider now directly owns 27,909 shares of the company’s stock, valued at $860,992.65. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.37% of the stock is owned by company insiders.
Trustmark Corporation Company Profile
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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