Trustmark Co. (NASDAQ:TRMK) Stock Holdings Decreased by WINTON GROUP Ltd

WINTON GROUP Ltd reduced its position in Trustmark Co. (NASDAQ:TRMK) by 60.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,875 shares of the financial services provider’s stock after selling 12,263 shares during the period. WINTON GROUP Ltd’s holdings in Trustmark were worth $237,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in TRMK. GAMMA Investing LLC increased its position in shares of Trustmark by 62.1% in the second quarter. GAMMA Investing LLC now owns 916 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 351 shares in the last quarter. EntryPoint Capital LLC purchased a new position in shares of Trustmark in the first quarter worth approximately $52,000. Innealta Capital LLC purchased a new position in shares of Trustmark in the second quarter worth approximately $61,000. CWM LLC increased its position in shares of Trustmark by 14.6% in 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. purchased a new position in shares of Trustmark in the second quarter worth approximately $238,000. 67.64% of the stock is owned by hedge funds and other institutional investors.

Trustmark Price Performance

NASDAQ TRMK opened at $32.75 on Thursday. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $2.00 billion, a PE ratio of 12.74 and a beta of 0.74. The company has a 50 day moving average price of $32.56 and a two-hundred day moving average price of $29.84. Trustmark Co. has a 12-month low of $18.96 and a 12-month high of $35.72.

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

Trustmark Announces Dividend

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

Analysts Set New Price Targets

TRMK has been the subject of several research reports. Truist Financial raised their price target on shares of Trustmark from $31.00 to $37.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. DA Davidson raised their price target on shares of Trustmark from $34.00 to $38.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $35.00.

Trustmark Profile

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.