Trustmark Corporation $TRMK Shares Acquired by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL increased its position in shares of Trustmark Corporation (NASDAQ:TRMK – Free Report) by 11.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 206,748 shares of the financial services provider’s stock after purchasing an additional 21,472 shares during the period. Tudor Investment Corp ET AL’s holdings in Trustmark were worth $8,187,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. IFP Advisors Inc increased its position in shares of Trustmark by 24.1% during the 3rd quarter. IFP Advisors Inc now owns 1,375 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 267 shares during the period. CIBC Bancorp USA Inc. acquired a new stake in shares of Trustmark in the third quarter valued at $240,000. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Trustmark by 2.7% in the third quarter. CANADA LIFE ASSURANCE Co now owns 50,892 shares of the financial services provider’s stock valued at $2,023,000 after buying an additional 1,360 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in Trustmark during the third quarter valued at about $346,000. Finally, Qube Research & Technologies Ltd boosted its stake in Trustmark by 23.9% during the third quarter. Qube Research & Technologies Ltd now owns 163,216 shares of the financial services provider’s stock valued at $6,463,000 after buying an additional 31,476 shares in the last quarter. 67.64% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on TRMK shares. Weiss Ratings restated a “buy (b-)” rating on shares of Trustmark in a research report on Wednesday, January 21st. Brean Capital began coverage on shares of Trustmark in a report on Thursday, March 12th. They set a “buy” rating for the company. DA Davidson lifted their price target on shares of Trustmark from $42.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, January 29th. Wall Street Zen raised Trustmark from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Finally, Hovde Group increased their price objective on Trustmark from $42.00 to $44.50 and gave the company a “market perform” rating in a research report on Thursday, January 29th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $43.83.

View Our Latest Stock Report on Trustmark

Trustmark Trading Up 2.3%

Shares of NASDAQ TRMK opened at $41.82 on Tuesday. The company has a current ratio of 0.89, a quick ratio of 0.87 and a debt-to-equity ratio of 0.11. Trustmark Corporation has a one year low of $29.77 and a one year high of $45.43. The business has a 50-day moving average price of $42.53 and a two-hundred day moving average price of $40.42. The firm has a market capitalization of $2.46 billion, a PE ratio of 11.27 and a beta of 0.68.

Trustmark (NASDAQ:TRMK – Get Free Report) last issued its earnings results on Tuesday, January 27th. The financial services provider reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.06. The company had revenue of $209.44 million for the quarter, compared to the consensus estimate of $207.05 million. Trustmark had a return on equity of 10.77% and a net margin of 19.95%.During the same quarter in the prior year, the company earned $0.92 EPS. As a group, analysts predict that Trustmark Corporation will post 3.42 earnings per share for the current fiscal year.

Trustmark Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, March 15th. Investors of record on Sunday, March 1st were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, February 27th. This is a boost from Trustmark’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 2.4%. Trustmark’s payout ratio is presently 26.95%.

Trustmark Profile

(Free Report)

Trustmark Corporation is a financial services holding company headquartered in Jackson, Mississippi. Through its principal subsidiary, Trustmark National Bank, the company provides a broad spectrum of commercial and consumer banking services. Trustmark’s offerings include deposit accounts, lending solutions, cash management services, residential and commercial mortgage financing, and credit card processing.

In addition to traditional banking, Trustmark offers trust and wealth management services designed to meet the needs of high-net-worth individuals, families and institutional clients.

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