Trustmark (TRMK) Position Raised by Teachers Advisors LLC

Teachers Advisors LLC increased its position in shares of Trustmark (NASDAQ:TRMK) by 3.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 122,622 shares of the financial services provider’s stock after purchasing an additional 3,635 shares during the period. Teachers Advisors LLC’s holdings in Trustmark were worth $3,907,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. increased its position in Trustmark by 0.8% during the third quarter. Ameriprise Financial Inc. now owns 206,181 shares of the financial services provider’s stock worth $6,829,000 after purchasing an additional 1,674 shares during the last quarter. Profund Advisors LLC increased its position in Trustmark by 18.5% during the fourth quarter. Profund Advisors LLC now owns 11,991 shares of the financial services provider’s stock worth $382,000 after purchasing an additional 1,870 shares during the last quarter. ING Groep NV increased its position in Trustmark by 23.2% during the fourth quarter. ING Groep NV now owns 10,222 shares of the financial services provider’s stock worth $326,000 after purchasing an additional 1,926 shares during the last quarter. Swiss National Bank increased its position in Trustmark by 2.1% during the fourth quarter. Swiss National Bank now owns 114,200 shares of the financial services provider’s stock worth $3,638,000 after purchasing an additional 2,400 shares during the last quarter. Finally, Mutual of America Capital Management LLC increased its position in Trustmark by 6.9% during the fourth quarter. Mutual of America Capital Management LLC now owns 56,744 shares of the financial services provider’s stock worth $1,808,000 after purchasing an additional 3,687 shares during the last quarter. Hedge funds and other institutional investors own 63.19% of the company’s stock.

Shares of TRMK stock opened at $30.94 on Thursday. The company has a quick ratio of 0.76, a current ratio of 0.77 and a debt-to-equity ratio of 0.04. The stock has a market cap of $2,082.16, a price-to-earnings ratio of 16.11 and a beta of 1.03. Trustmark has a 1-year low of $28.16 and a 1-year high of $35.09.



Trustmark (NASDAQ:TRMK) last announced its earnings results on Tuesday, January 23rd. The financial services provider reported $0.48 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.48. The company had revenue of $153.06 million during the quarter, compared to analyst estimates of $152.80 million. Trustmark had a net margin of 16.15% and a return on equity of 8.35%. During the same quarter last year, the firm posted $0.43 earnings per share. equities research analysts anticipate that Trustmark will post 2.16 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend was Wednesday, February 28th. Trustmark’s dividend payout ratio (DPR) is presently 47.92%.

TRMK has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Trustmark from a “sell” rating to a “hold” rating and set a $35.00 price objective for the company in a research report on Tuesday, April 3rd. BidaskClub raised shares of Trustmark from a “sell” rating to a “hold” rating in a research note on Friday, December 22nd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $33.00 target price on shares of Trustmark in a research note on Thursday, January 25th. Hovde Group set a $33.00 target price on shares of Trustmark and gave the stock a “hold” rating in a research note on Monday, February 5th. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $38.00 target price on shares of Trustmark in a research note on Tuesday, January 9th. Eight research analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and a consensus target price of $34.00.

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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 offers checking, savings, and money market accounts; individual retirement accounts; certificates of deposits; 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.

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Institutional Ownership by Quarter for Trustmark (NASDAQ:TRMK)

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