Trustmark Corp (TRMK) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lowered its position in Trustmark Corp (NASDAQ:TRMK) by 5.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 122,924 shares of the financial services provider’s stock after selling 7,773 shares during the quarter. Rhumbline Advisers owned about 0.18% of Trustmark worth $3,830,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in TRMK. Schwab Charles Investment Management Inc. increased its holdings in shares of Trustmark by 3.3% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 439,994 shares of the financial services provider’s stock worth $14,019,000 after purchasing an additional 13,866 shares during the period. SG Americas Securities LLC increased its stake in Trustmark by 247.1% in the fourth quarter. SG Americas Securities LLC now owns 13,931 shares of the financial services provider’s stock valued at $444,000 after acquiring an additional 9,918 shares during the last quarter. Ballew Advisors Inc bought a new position in Trustmark in the fourth quarter valued at $396,000. Mutual of America Capital Management LLC increased its stake in Trustmark by 6.9% in the fourth quarter. Mutual of America Capital Management LLC now owns 56,744 shares of the financial services provider’s stock valued at $1,808,000 after acquiring an additional 3,687 shares during the last quarter. Finally, ING Groep NV increased its stake in Trustmark by 23.2% in the fourth quarter. ING Groep NV now owns 10,222 shares of the financial services provider’s stock valued at $326,000 after acquiring an additional 1,926 shares during the last quarter. 61.02% of the stock is currently owned by hedge funds and other institutional investors.

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A number of research analysts recently commented on the company. Zacks Investment Research cut Trustmark from a “hold” rating to a “sell” rating in a research note on Tuesday, March 13th. BidaskClub raised Trustmark from a “hold” rating to a “buy” rating in a research note on Thursday. SunTrust Banks reduced their target price on Trustmark to $33.00 and set an “average” rating on the stock in a research note on Tuesday, January 30th. Hovde Group set a $33.00 target price on Trustmark and gave the company a “hold” rating in a research note on Monday, February 5th. Finally, ValuEngine cut Trustmark from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $34.00.

Trustmark opened at $32.55 on Monday, according to Marketbeat. The firm has a market capitalization of $2.21 billion, a P/E ratio of 16.95 and a beta of 1.03. The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt-to-equity ratio of 0.04. Trustmark Corp has a 52 week low of $28.16 and a 52 week high of $35.09.

Trustmark (NASDAQ:TRMK) last announced its quarterly earnings data on Tuesday, April 24th. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.05. Trustmark had a return on equity of 8.67% and a net margin of 16.75%. The firm had revenue of $152.10 million for the quarter, compared to analysts’ expectations of $148.64 million. During the same period last year, the firm earned $0.46 earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. sell-side analysts anticipate that Trustmark Corp will post 2.19 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, June 1st will be paid a dividend of $0.23 per share. The ex-dividend date is Thursday, May 31st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.83%. Trustmark’s dividend payout ratio (DPR) is currently 47.92%.

Trustmark Company 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.