Deutsche Bank AG raised its position in Trustmark (NASDAQ:TRMK) by 28.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 356,703 shares of the financial services provider’s stock after purchasing an additional 79,706 shares during the period. Deutsche Bank AG owned approximately 0.53% of Trustmark worth $11,361,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of the business. Ameriprise Financial Inc. increased its stake in Trustmark by 0.8% in the third quarter. Ameriprise Financial Inc. now owns 206,181 shares of the financial services provider’s stock valued at $6,829,000 after purchasing an additional 1,674 shares in the last quarter. Profund Advisors LLC increased its stake in Trustmark by 18.5% in the fourth quarter. Profund Advisors LLC now owns 11,991 shares of the financial services provider’s stock valued at $382,000 after purchasing an additional 1,870 shares in the last quarter. 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 purchasing an additional 1,926 shares in the last quarter. Swiss National Bank increased its stake in Trustmark by 2.1% in the fourth quarter. Swiss National Bank now owns 114,200 shares of the financial services provider’s stock valued at $3,638,000 after purchasing an additional 2,400 shares in the last quarter. Finally, 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 purchasing an additional 3,687 shares in the last quarter. 63.19% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have commented on TRMK shares. BidaskClub raised shares of Trustmark from a “sell” rating to a “hold” rating in a research note on Friday, December 22nd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $33.00 target price on shares of Trustmark in a research note on Thursday, January 25th. Zacks Investment Research downgraded shares of Trustmark from a “buy” rating to a “hold” rating in a research note on Wednesday, February 28th. Hovde Group set a $33.00 price target on shares of Trustmark and gave the company a “hold” rating in a report on Monday, February 5th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $38.00 price target on shares of Trustmark in a report on Tuesday, January 9th. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $34.50.
Trustmark (NASDAQ:TRMK) last released its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.48 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.48. The company had revenue of $153.06 million during the quarter, compared to analysts’ expectations of $152.80 million. Trustmark had a net margin of 16.15% and a return on equity of 8.35%. During the same quarter in the prior year, the company earned $0.43 earnings per share. equities research analysts predict that Trustmark will post 2.15 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend was Wednesday, February 28th. Trustmark’s dividend payout ratio (DPR) is presently 47.92%.
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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.
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