Trustmark Co. (NASDAQ:TRMK) Shares Acquired by Waverly Advisors LLC

Waverly Advisors LLC grew its stake in Trustmark Co. (NASDAQ:TRMK) by 13.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 35,019 shares of the financial services provider’s stock after acquiring an additional 4,121 shares during the period. Waverly Advisors LLC owned about 0.06% of Trustmark worth $1,239,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Vident Advisory LLC acquired a new stake in Trustmark in the 4th quarter valued at approximately $220,000. Squarepoint Ops LLC boosted its position in shares of Trustmark by 70.4% during the fourth quarter. Squarepoint Ops LLC now owns 39,409 shares of the financial services provider’s stock worth $1,394,000 after buying an additional 16,287 shares during the period. Point72 Asset Management L.P. acquired a new stake in shares of Trustmark in the fourth quarter valued at $651,000. ProShare Advisors LLC raised its holdings in shares of Trustmark by 44.4% in the 4th quarter. ProShare Advisors LLC now owns 18,346 shares of the financial services provider’s stock valued at $649,000 after buying an additional 5,643 shares during the period. Finally, Millennium Management LLC raised its holdings in shares of Trustmark by 112.1% in the 4th quarter. Millennium Management LLC now owns 175,786 shares of the financial services provider’s stock valued at $6,218,000 after buying an additional 92,890 shares during the period. 67.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TRMK has been the subject of several research reports. Janney Montgomery Scott began coverage on Trustmark in a research report on Friday, January 24th. They issued a “buy” rating and a $42.00 target price for the company. Hovde Group lifted their price objective on shares of Trustmark from $36.00 to $37.00 and gave the company a “market perform” rating in a report on Monday, April 28th. DA Davidson increased their target price on shares of Trustmark from $40.00 to $41.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Trustmark from $45.00 to $43.00 and set an “outperform” rating for the company in a research note on Thursday, April 24th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $39.80.

Trustmark Stock Performance

Shares of Trustmark stock opened at $34.61 on Friday. The business has a 50-day simple moving average of $33.88 and a 200-day simple moving average of $35.72. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.86 and a current ratio of 0.87. Trustmark Co. has a one year low of $27.42 and a one year high of $40.73. The company has a market cap of $2.09 billion, a PE ratio of 9.51 and a beta of 0.63.

Trustmark (NASDAQ:TRMK) last issued its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.06. Trustmark had a net margin of 19.42% and a return on equity of 10.12%. The company had revenue of $231.83 million during the quarter, compared to the consensus estimate of $195.38 million. On average, equities research analysts forecast that Trustmark Co. will post 3.42 EPS for the current fiscal year.

Trustmark Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 15th. Stockholders of record on Sunday, June 1st will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.96 annualized dividend and a dividend yield of 2.77%. Trustmark’s dividend payout ratio (DPR) is currently 25.00%.

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.