Trustmark Co. (NASDAQ:TRMK) Shares Bought by Blue Trust Inc.

Blue Trust Inc. raised its stake in shares of Trustmark Co. (NASDAQ:TRMK) by 19.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,896 shares of the financial services provider’s stock after purchasing an additional 943 shares during the quarter. Blue Trust Inc.’s holdings in Trustmark were worth $209,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Barclays PLC lifted its holdings in shares of Trustmark by 124.7% in the 3rd quarter. Barclays PLC now owns 125,743 shares of the financial services provider’s stock valued at $4,001,000 after buying an additional 69,779 shares during the period. Principal Financial Group Inc. lifted its holdings in Trustmark by 6.8% in the third quarter. Principal Financial Group Inc. now owns 598,969 shares of the financial services provider’s stock valued at $19,059,000 after acquiring an additional 37,989 shares during the period. JPMorgan Chase & Co. boosted its position in Trustmark by 10.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 122,956 shares of the financial services provider’s stock worth $3,912,000 after purchasing an additional 11,934 shares in the last quarter. State Street Corp grew its stake in shares of Trustmark by 0.8% during the 3rd quarter. State Street Corp now owns 3,090,988 shares of the financial services provider’s stock worth $98,355,000 after purchasing an additional 24,450 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Trustmark by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,461,545 shares of the financial services provider’s stock valued at $46,515,000 after purchasing an additional 15,627 shares in the last quarter. 67.64% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Gerard R. Host sold 26,416 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $39.73, for a total transaction of $1,049,507.68. Following the transaction, the director now directly owns 26,792 shares in the company, valued at $1,064,446.16. The trade was a 49.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TRMK. DA Davidson increased their price target on shares of Trustmark from $40.00 to $41.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. StockNews.com upgraded Trustmark from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Janney Montgomery Scott assumed coverage on Trustmark in a report on Friday, January 24th. They issued a “buy” rating and a $42.00 price target for the company. Keefe, Bruyette & Woods increased their price target on Trustmark from $45.00 to $47.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, Hovde Group boosted their price objective on Trustmark from $34.00 to $37.00 and gave the company a “market perform” rating in a research report on Tuesday, October 29th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $38.67.

Trustmark Trading Down 1.6 %

Shares of Trustmark stock opened at $36.91 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.09. Trustmark Co. has a twelve month low of $25.24 and a twelve month high of $40.73. The firm has a market capitalization of $2.26 billion, a PE ratio of 10.14 and a beta of 0.76. The firm’s 50-day moving average price is $36.41 and its 200 day moving average price is $34.67.

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

Trustmark Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Saturday, March 1st will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.96 dividend on an annualized basis and a yield of 2.60%. This is a positive change from Trustmark’s previous quarterly dividend of $0.23. Trustmark’s dividend payout ratio (DPR) is presently 25.27%.

Trustmark Company 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.