Trustmark Corp (TRMK) Holdings Cut by Aperio Group LLC

Aperio Group LLC lessened its position in Trustmark Corp (NASDAQ:TRMK) by 12.6% during the second quarter, Holdings Channel reports. The fund owned 122,985 shares of the financial services provider’s stock after selling 17,718 shares during the period. Aperio Group LLC’s holdings in Trustmark were worth $4,013,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in TRMK. Dimensional Fund Advisors LP grew its holdings in Trustmark by 1.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,305,474 shares of the financial services provider’s stock worth $165,318,000 after acquiring an additional 58,159 shares during the last quarter. Earnest Partners LLC grew its holdings in Trustmark by 2.4% in the 1st quarter. Earnest Partners LLC now owns 2,330,947 shares of the financial services provider’s stock worth $72,632,000 after acquiring an additional 54,033 shares during the last quarter. Millennium Management LLC grew its holdings in Trustmark by 175.9% in the 1st quarter. Millennium Management LLC now owns 50,698 shares of the financial services provider’s stock worth $1,580,000 after acquiring an additional 32,322 shares during the last quarter. Wesbanco Bank Inc. bought a new stake in Trustmark in the 1st quarter worth $877,000. Finally, Meeder Asset Management Inc. bought a new stake in Trustmark in the 1st quarter worth $850,000. 60.47% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Charles Scott Woods sold 2,000 shares of the firm’s stock in a transaction dated Friday, July 27th. The shares were sold at an average price of $35.41, for a total value of $70,820.00. Following the completion of the sale, the insider now directly owns 13,998 shares of the company’s stock, valued at approximately $495,669.18. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.50% of the company’s stock.

NASDAQ:TRMK opened at $35.39 on Friday. Trustmark Corp has a 12 month low of $28.16 and a 12 month high of $35.68. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.80 and a quick ratio of 0.78. The stock has a market capitalization of $2.37 billion, a PE ratio of 18.43 and a beta of 1.00.

Trustmark (NASDAQ:TRMK) last posted its earnings results on Tuesday, July 24th. The financial services provider reported $0.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.05. Trustmark had a net margin of 19.01% and a return on equity of 9.13%. The firm had revenue of $155.76 million during the quarter, compared to analysts’ expectations of $151.50 million. During the same period last year, the company posted $0.47 EPS. research analysts forecast that Trustmark Corp will post 2.26 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, September 15th. Stockholders of record on Saturday, September 1st will be given a $0.23 dividend. The ex-dividend date is Thursday, August 30th. This represents a $0.92 annualized dividend and a dividend yield of 2.60%. Trustmark’s dividend payout ratio is 47.92%.

A number of equities research analysts have issued reports on TRMK shares. Zacks Investment Research raised shares of Trustmark from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a report on Thursday, June 28th. BidaskClub raised shares of Trustmark from a “hold” rating to a “buy” rating in a report on Thursday, June 7th. Hovde Group set a $35.00 target price on shares of Trustmark and gave the stock a “hold” rating in a research report on Saturday, July 28th. Finally, Sandler O’Neill reaffirmed a “hold” rating and issued a $35.00 target price on shares of Trustmark in a research report on Thursday, July 26th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $34.86.

About Trustmark

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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Institutional Ownership by Quarter for Trustmark (NASDAQ:TRMK)

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