Oregon Public Employees Retirement Fund reduced its stake in Trustmark Co. (NASDAQ:TRMK – Get Rating) by 2.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,591 shares of the financial services provider’s stock after selling 500 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Trustmark were worth $717,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the business. Inspire Investing LLC bought a new position in Trustmark in the 1st quarter valued at about $237,000. Westwood Holdings Group Inc. raised its holdings in Trustmark by 29.0% in the 4th quarter. Westwood Holdings Group Inc. now owns 1,040,790 shares of the financial services provider’s stock valued at $33,784,000 after acquiring an additional 234,145 shares during the period. Barclays PLC raised its holdings in Trustmark by 73.4% in the 4th quarter. Barclays PLC now owns 135,768 shares of the financial services provider’s stock valued at $4,407,000 after acquiring an additional 57,485 shares during the period. Gibson Wealth Advisors LLC bought a new position in Trustmark in the 4th quarter valued at about $149,000. Finally, HB Wealth Management LLC bought a new position in Trustmark in the 4th quarter valued at about $931,000. 73.72% of the stock is currently owned by hedge funds and other institutional investors.
Shares of TRMK opened at $29.07 on Friday. Trustmark Co. has a 12 month low of $26.67 and a 12 month high of $35.30. The firm’s 50 day moving average is $28.87 and its 200-day moving average is $30.66. The stock has a market capitalization of $1.79 billion, a PE ratio of 14.61 and a beta of 0.84. The company has a current ratio of 0.81, a quick ratio of 0.79 and a debt-to-equity ratio of 0.11.
Trustmark (NASDAQ:TRMK – Get Rating) last announced its earnings results on Tuesday, April 26th. The financial services provider reported $0.47 EPS for the quarter, topping the consensus estimate of $0.39 by $0.08. The company had revenue of $156.46 million for the quarter, compared to analysts’ expectations of $152.45 million. Trustmark had a net margin of 18.77% and a return on equity of 7.74%. During the same period last year, the firm earned $0.82 earnings per share. Equities research analysts predict that Trustmark Co. will post 2.08 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Wednesday, June 1st were given a dividend of $0.23 per share. The ex-dividend date was Tuesday, May 31st. This represents a $0.92 annualized dividend and a dividend yield of 3.16%. Trustmark’s dividend payout ratio is 46.23%.
TRMK has been the topic of several recent research reports. Truist Financial lowered their target price on shares of Trustmark from $35.00 to $30.00 in a report on Monday, May 2nd. StockNews.com initiated coverage on shares of Trustmark in a report on Thursday, March 31st. They set a “hold” rating on the stock.
About Trustmark (Get Rating)
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.
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