Virginia Retirement Systems ET AL bought a new position in shares of Trustmark Corp. (NASDAQ:TRMK) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 9,900 shares of the financial services provider’s stock, valued at approximately $273,000.
Other large investors also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in shares of Trustmark Corp. by 14.9% in the second quarter. Dimensional Fund Advisors LP now owns 4,306,569 shares of the financial services provider’s stock worth $107,017,000 after buying an additional 557,405 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Trustmark Corp. by 123.2% in the second quarter. JPMorgan Chase & Co. now owns 787,222 shares of the financial services provider’s stock worth $19,562,000 after buying an additional 434,479 shares during the period. BlackRock Fund Advisors raised its stake in shares of Trustmark Corp. by 5.3% in the second quarter. BlackRock Fund Advisors now owns 6,822,017 shares of the financial services provider’s stock worth $169,527,000 after buying an additional 341,451 shares during the period. Renaissance Technologies LLC raised its stake in shares of Trustmark Corp. by 153.7% in the first quarter. Renaissance Technologies LLC now owns 547,504 shares of the financial services provider’s stock worth $12,609,000 after buying an additional 331,700 shares during the period. Finally, Numeric Investors LLC bought a new stake in shares of Trustmark Corp. during the second quarter worth about $6,739,000. 64.17% of the stock is owned by institutional investors.
Trustmark Corp. (NASDAQ:TRMK) traded up 0.26% during midday trading on Friday, hitting $34.48. 120,042 shares of the company traded hands. Trustmark Corp. has a 12-month low of $19.75 and a 12-month high of $34.50. The stock’s 50-day moving average is $29.24 and its 200-day moving average is $26.80. The firm has a market capitalization of $2.33 billion, a PE ratio of 21.77 and a beta of 0.92.
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, topping the Zacks’ consensus estimate of $0.45 by $0.02. The business earned $146.89 million during the quarter, compared to the consensus estimate of $147.15 million. Trustmark Corp. had a net margin of 17.85% and a return on equity of 7.57%. Trustmark Corp.’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.42 earnings per share. Analysts anticipate that Trustmark Corp. will post $1.59 EPS for the current fiscal year.
The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date is Tuesday, November 29th. Trustmark Corp.’s dividend payout ratio (DPR) is 57.86%.
Separately, Zacks Investment Research raised shares of Trustmark Corp. from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research note on Wednesday, September 28th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Trustmark Corp. currently has a consensus rating of “Hold” and a consensus price target of $26.75.
In related news, insider George C. Gunn III sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $31.94, for a total transaction of $287,460.00. Following the completion of the sale, the insider now directly owns 17,201 shares of the company’s stock, valued at $549,399.94. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.42% of the company’s stock.
About Trustmark Corp.
Trustmark Corporation (Trustmark) is a bank holding company. Trustmark’s principal subsidiary is Trustmark National Bank (TNB). Through TNB and other subsidiaries, Trustmark operates as a financial services organization providing banking and other financial solutions through approximately 205 offices in Alabama, Florida, Mississippi, Tennessee and Texas.