Trustmark Corporation Plans Quarterly Dividend of $0.25 (NASDAQ:TRMK)

Trustmark Corporation (NASDAQ:TRMK) announced a quarterly dividend on Tuesday, April 28th. Investors of record on Monday, June 1st will be given a dividend of 0.25 per share by the financial services provider on Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Monday, June 1st.

Trustmark has increased its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 1 years. Trustmark has a payout ratio of 27.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Trustmark to earn $4.10 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 24.4%.

Trustmark Stock Up 0.0%

Shares of NASDAQ TRMK opened at $45.52 on Wednesday. The company has a market cap of $2.68 billion, a P/E ratio of 12.33 and a beta of 0.65. The firm has a 50-day simple moving average of $43.16 and a two-hundred day simple moving average of $41.14. Trustmark has a 1 year low of $33.09 and a 1 year high of $45.99. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.89 and a quick ratio of 0.87.

Trustmark (NASDAQ:TRMK) last issued its quarterly earnings results on Tuesday, April 28th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.08. Trustmark had a return on equity of 10.77% and a net margin of 19.95%.The firm had revenue of $208.07 million during the quarter, compared to analyst estimates of $204.92 million. During the same period last year, the company earned $0.88 EPS. Research analysts anticipate that Trustmark will post 3.82 earnings per share for the current year.

Institutional Investors Weigh In On Trustmark

Hedge funds have recently modified their holdings of the business. Richardson Financial Services Inc. boosted its stake in shares of Trustmark by 86.7% during the third quarter. Richardson Financial Services Inc. now owns 743 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 345 shares in the last quarter. Blue Trust Inc. purchased a new stake in Trustmark during the fourth quarter worth $31,000. Rockefeller Capital Management L.P. boosted its position in Trustmark by 1,129.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 848 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 779 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in shares of Trustmark in the 4th quarter valued at $36,000. Finally, Bessemer Group Inc. raised its position in shares of Trustmark by 37.4% in the 3rd quarter. Bessemer Group Inc. now owns 1,073 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 292 shares in the last quarter. Hedge funds and other institutional investors own 67.64% of the company’s stock.

About Trustmark

Trustmark Corporation is a financial services holding company headquartered in Jackson, Mississippi. Through its principal subsidiary, Trustmark National Bank, the company provides a broad spectrum of commercial and consumer banking services. Trustmark’s offerings include deposit accounts, lending solutions, cash management services, residential and commercial mortgage financing, and credit card processing.

In addition to traditional banking, Trustmark offers trust and wealth management services designed to meet the needs of high-net-worth individuals, families and institutional clients.