Trustmark Corp (NASDAQ:TRMK) Shares Bought by California State Teachers Retirement System

California State Teachers Retirement System increased its position in Trustmark Corp (NASDAQ:TRMK) by 1.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 104,556 shares of the financial services provider’s stock after acquiring an additional 1,409 shares during the period. California State Teachers Retirement System owned approximately 0.15% of Trustmark worth $2,973,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Advisor Group Inc. increased its position in Trustmark by 14.3% during the fourth quarter. Advisor Group Inc. now owns 3,005 shares of the financial services provider’s stock worth $86,000 after acquiring an additional 377 shares during the period. Rehmann Capital Advisory Group increased its position in Trustmark by 101.4% during the fourth quarter. Rehmann Capital Advisory Group now owns 1,025 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 516 shares during the period. Strs Ohio increased its position in Trustmark by 200.0% during the fourth quarter. Strs Ohio now owns 900 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 600 shares during the period. Comerica Bank increased its position in Trustmark by 1.9% during the fourth quarter. Comerica Bank now owns 43,568 shares of the financial services provider’s stock worth $1,362,000 after acquiring an additional 813 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Trustmark by 24.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,859 shares of the financial services provider’s stock worth $138,000 after acquiring an additional 963 shares during the period. Institutional investors and hedge funds own 67.96% of the company’s stock.

TRMK has been the topic of a number of recent research reports. Raymond James lowered shares of Trustmark from a “market perform” rating to an “underperform” rating in a research report on Monday, January 7th. Zacks Investment Research raised shares of Trustmark from a “sell” rating to a “hold” rating in a research report on Tuesday, January 1st. BidaskClub raised shares of Trustmark from a “hold” rating to a “buy” rating in a report on Friday, February 22nd. Stephens set a $32.00 target price on shares of Trustmark and gave the company a “hold” rating in a report on Friday, January 25th. Finally, Keefe, Bruyette & Woods lowered shares of Trustmark from a “market perform” rating to an “underperform” rating and set a $34.00 target price on the stock. in a report on Tuesday, March 19th. Three research analysts have rated the stock with a sell rating and six have given a hold rating to the company. Trustmark currently has an average rating of “Hold” and an average price target of $34.17.

NASDAQ:TRMK traded up $0.53 during mid-day trading on Wednesday, hitting $35.03. 453,759 shares of the company’s stock were exchanged, compared to its average volume of 471,452. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.81 and a quick ratio of 0.80. Trustmark Corp has a fifty-two week low of $26.84 and a fifty-two week high of $36.32. The company has a market cap of $2.24 billion, a PE ratio of 15.85 and a beta of 1.07.

Trustmark (NASDAQ:TRMK) last posted its earnings results on Tuesday, April 23rd. The financial services provider reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). Trustmark had a return on equity of 9.43% and a net margin of 21.89%. The business had revenue of $149.53 million for the quarter, compared to analyst estimates of $151.17 million. During the same quarter in the prior year, the business earned $0.54 earnings per share. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. Equities research analysts expect that Trustmark Corp will post 2.23 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, June 15th. Stockholders of record on Saturday, June 1st will be given a $0.23 dividend. The ex-dividend date is Thursday, May 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.63%. Trustmark’s dividend payout ratio (DPR) is currently 41.63%.

In other news, insider Harry M. Walker sold 1,880 shares of Trustmark stock in a transaction on Monday, March 4th. The shares were sold at an average price of $35.57, for a total value of $66,871.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Charles Scott Woods sold 2,500 shares of the business’s stock in a transaction on Friday, February 1st. The shares were sold at an average price of $31.50, for a total transaction of $78,750.00. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

TRADEMARK VIOLATION NOTICE: “Trustmark Corp (NASDAQ:TRMK) Shares Bought by California State Teachers Retirement System” was reported by Baseball Daily News and is owned by of Baseball Daily News. If you are reading this piece on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The original version of this piece can be accessed at https://www.baseballdailydigest.com/news/2019/04/24/trustmark-corp-trmk-shares-bought-by-california-state-teachers-retirement-system.html.

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 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.

See Also: Determine Your Level of Risk Tolerance

Institutional Ownership by Quarter for Trustmark (NASDAQ:TRMK)

Receive News & Ratings for Trustmark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trustmark and related companies with MarketBeat.com's FREE daily email newsletter.