2 weeks Ago By Defense World Staff
Legal & General Group Plc decreased its holdings in shares of Trustmark Co. (NASDAQ:TRMK – Free Report) by 2.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission.
The fund owned 169,158 shares of the financial services provider’s stock after selling 3,793 shares during the quarter. Legal & General Group Plc owned approximately 0.28% of Trustmark worth $5,983,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. FMR LLC grew its stake in Trustmark by 143.4% in the third quarter.
FMR LLC now owns 6,851 shares of the financial services provider’s stock valued at $218,000 after purchasing an additional 4,036 shares in the last quarter. Barclays PLC increased its holdings in Trustmark by 124.7% during the third quarter.
Barclays PLC now owns 125,743 shares of the financial services provider’s stock worth $4,001,000 after buying an additional 69,779 shares during the last quarter. Geode Capital Management LLC raised its position in Trustmark by 1.1% during the third quarter.
Geode Capital Management LLC now owns 1,461,545 shares of the financial services provider’s stock worth $46,515,000 after acquiring an additional 15,627 shares in the last quarter. World Investment Advisors LLC acquired a new stake in Trustmark in the third quarter valued at $499,000. Finally, Synovus Financial Corp grew its position in shares of Trustmark by 101.
4% in the 3rd quarter. Synovus Financial Corp now owns 30,758 shares of the financial services provider’s stock valued at $979,000 after acquiring an additional 15,485 shares during the period. Institutional investors own 67.
64% of the company’s stock. Trustmark Stock Up 0.9 %Shares of TRMK opened at $32.
75 on Monday. The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of 9.
00 and a beta of 0.67. Trustmark Co.
has a 52 week low of $26.65 and a 52 week high of $40.73.
The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.86 and a current ratio of 0.
87. The stock has a fifty day moving average of $34.40 and a 200-day moving average of $35.
60. Trustmark (NASDAQ:TRMK – Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $0.
92 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.09.
Trustmark had a return on equity of 10.12% and a net margin of 19.42%.
As a group, sell-side analysts anticipate that Trustmark Co. will post 3.42 earnings per share for the current fiscal year.
Trustmark Increases DividendThe business also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Saturday, March 1st were paid a $0.24 dividend.
This is a boost from Trustmark’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, February 28th.
This represents a $0.96 annualized dividend and a dividend yield of 2.93%.
Trustmark’s dividend payout ratio is presently 26.37%. Analyst Upgrades and DowngradesTRMK has been the subject of a number of recent analyst reports.
Keefe, Bruyette & Woods raised their price objective on Trustmark from $45.00 to $47.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd.
Janney Montgomery Scott assumed coverage on Trustmark in a report on Friday, January 24th. They set a “buy” rating and a $42.00 price target for the company.
Finally, DA Davidson upped their price objective on shares of Trustmark from $40.00 to $41.00 and gave the company a “neutral” rating in a report on Thursday, January 30th.
Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Trustmark has an average rating of “Hold” and an average price target of $40.
60.Get Our Latest Analysis on TRMKTrustmark Profile (Free Report)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.Read MoreFive stocks we like better than TrustmarkWhat Investors Need to Know About Upcoming IPOsWith a 60%+ Upside, There’s Plenty to Love About LovesacUpcoming IPO Stock Lockup Period, ExplainedJ.B.
Hunt Transport Overcorrects Into a Buying OpportunityHow to Find Undervalued StocksAppLovin: Can Record Profits Overcome Market Skepticism?Want to see what other hedge funds are holding TRMK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Trustmark Co. (NASDAQ:TRMK – Free Report).
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