American Century Companies Inc. Has $29.63 Million Holdings in Trustmark Co. (NASDAQ:TRMK)

American Century Companies Inc. boosted its position in shares of Trustmark Co. (NASDAQ:TRMK) by 25.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 986,322 shares of the financial services provider’s stock after buying an additional 199,245 shares during the period. American Century Companies Inc. owned approximately 1.61% of Trustmark worth $29,629,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in shares of Trustmark by 62.1% in the 2nd quarter. GAMMA Investing LLC now owns 916 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 351 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in Trustmark in the first quarter valued at about $52,000. Innealta Capital LLC bought a new position in Trustmark in the second quarter valued at about $61,000. CWM LLC raised its stake in Trustmark by 14.6% during the second quarter. CWM LLC now owns 4,783 shares of the financial services provider’s stock worth $144,000 after acquiring an additional 611 shares in the last quarter. Finally, ZWJ Investment Counsel Inc. bought a new position in shares of Trustmark in the second quarter worth about $238,000. 67.64% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TRMK has been the topic of several research reports. DA Davidson lifted their price target on shares of Trustmark from $34.00 to $38.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. Truist Financial boosted their target price on shares of Trustmark from $31.00 to $37.00 and gave the stock a “hold” rating in a research note on Thursday, July 25th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Trustmark presently has an average rating of “Hold” and an average price target of $35.00.

Trustmark Trading Up 0.2 %

TRMK opened at $32.75 on Thursday. The company’s 50 day moving average price is $32.56 and its two-hundred day moving average price is $29.84. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of 12.74 and a beta of 0.74. Trustmark Co. has a fifty-two week low of $18.96 and a fifty-two week high of $35.72. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.87 and a quick ratio of 0.86.

Trustmark (NASDAQ:TRMK) last posted its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. The business had revenue of $283.96 million during the quarter, compared to the consensus estimate of $229.83 million. Trustmark had a return on equity of 9.32% and a net margin of 16.24%. During the same period in the prior year, the business posted $0.74 earnings per share. As a group, research analysts predict that Trustmark Co. will post 2.93 earnings per share for the current year.

Trustmark Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, September 15th. Investors of record on Sunday, September 1st were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend was Friday, August 30th. Trustmark’s dividend payout ratio is currently 35.80%.

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 operates through three segments: General Banking, Wealth Management, and Insurance. It offers checking, savings, and money market accounts; certificates of deposits and individual retirement accounts; 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, as well as treasury management services.