Yousif Capital Management LLC Has $820,000 Holdings in Trustmark Co. (NASDAQ:TRMK)

Yousif Capital Management LLC lessened its holdings in Trustmark Co. (NASDAQ:TRMK) by 2.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,182 shares of the financial services provider’s stock after selling 568 shares during the quarter. Yousif Capital Management LLC’s holdings in Trustmark were worth $820,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. GoalVest Advisory LLC bought a new stake in Trustmark during the third quarter worth about $63,000. nVerses Capital LLC bought a new position in shares of Trustmark in the third quarter valued at $67,000. KBC Group NV increased its holdings in Trustmark by 43.0% during the fourth quarter. KBC Group NV now owns 3,163 shares of the financial services provider’s stock worth $112,000 after buying an additional 951 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Trustmark during the third quarter worth $130,000. Finally, Blue Trust Inc. lifted its stake in Trustmark by 225.2% in the third quarter. Blue Trust Inc. now owns 4,953 shares of the financial services provider’s stock valued at $149,000 after acquiring an additional 3,430 shares during the last quarter. Institutional investors and hedge funds own 67.64% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods increased their price target on Trustmark from $45.00 to $47.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. DA Davidson increased their target price on Trustmark from $40.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. StockNews.com upgraded Trustmark from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. Truist Financial lifted their target price on Trustmark from $35.00 to $36.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Finally, Hovde Group upped their price target on shares of Trustmark from $34.00 to $37.00 and gave the company a “market perform” rating in a research note on Tuesday, October 29th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Trustmark currently has a consensus rating of “Hold” and a consensus price target of $38.67.

Trustmark Trading Down 0.8 %

Shares of Trustmark stock opened at $37.67 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.09. Trustmark Co. has a 12-month low of $25.24 and a 12-month high of $40.73. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 10.35 and a beta of 0.76. The firm’s 50-day moving average price is $36.25 and its two-hundred day moving average price is $34.90.

Trustmark (NASDAQ:TRMK) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.09. Trustmark had a net margin of 19.42% and a return on equity of 10.12%. On average, analysts forecast that Trustmark Co. will post 3.4 earnings per share for the current fiscal year.

Trustmark Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Saturday, March 1st will be paid a $0.24 dividend. The ex-dividend date is Friday, February 28th. This is a positive change from Trustmark’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 2.55%. Trustmark’s dividend payout ratio (DPR) is 25.27%.

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.