Aperio Group LLC decreased its position in Trustmark Corp. (NASDAQ:TRMK) by 1.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 250,052 shares of the financial services provider’s stock after selling 3,650 shares during the period. Aperio Group LLC owned about 0.37% of Trustmark Corp. worth $6,891,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Public Employees Retirement System of Ohio raised its position in shares of Trustmark Corp. by 1.9% in the second quarter. Public Employees Retirement System of Ohio now owns 4,426 shares of the financial services provider’s stock worth $110,000 after buying an additional 82 shares during the period. Oakworth Capital Inc. raised its position in shares of Trustmark Corp. by 138.3% in the third quarter. Oakworth Capital Inc. now owns 5,475 shares of the financial services provider’s stock worth $150,000 after buying an additional 3,177 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of Trustmark Corp. during the second quarter worth about $203,000. Yorktown Management & Research Co Inc acquired a new position in shares of Trustmark Corp. during the third quarter worth about $204,000. Finally, Keel Point LLC acquired a new position in shares of Trustmark Corp. during the second quarter worth about $210,000. Institutional investors own 64.17% of the company’s stock.
Shares of Trustmark Corp. (NASDAQ:TRMK) opened at 34.48 on Friday. The stock’s 50 day moving average price is $29.24 and its 200-day moving average price is $26.80. The firm has a market capitalization of $2.33 billion, a price-to-earnings ratio of 21.77 and a beta of 0.92. Trustmark Corp. has a 12 month low of $19.75 and a 12 month high of $34.50.
Trustmark Corp. (NASDAQ:TRMK) last posted its quarterly earnings results on Tuesday, October 25th. The financial services provider reported $0.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.02. The company had revenue of $146.89 million for the quarter, compared to the consensus estimate of $147.15 million. Trustmark Corp. had a return on equity of 7.57% and a net margin of 17.85%. The firm’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.42 EPS. On average, equities research analysts predict that Trustmark Corp. will post $1.59 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend is Tuesday, November 29th. Trustmark Corp.’s payout ratio is presently 57.86%.
Separately, Zacks Investment Research upgraded Trustmark Corp. from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research report on Wednesday, September 28th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $26.75.
In related news, insider George C. Gunn III sold 9,000 shares of the firm’s stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $31.94, for a total transaction of $287,460.00. Following the sale, the insider now owns 17,201 shares of the company’s stock, valued at approximately $549,399.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.42% of the company’s stock.
Trustmark Corp. Company Profile