Rhumbline Advisers Has $5.10 Million Stake in Trustmark Corporation (TRMK)

Rhumbline Advisers grew its position in Trustmark Corporation (NASDAQ:TRMK) by 8.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 153,912 shares of the financial services provider’s stock after buying an additional 11,422 shares during the period. Rhumbline Advisers owned approximately 0.23% of Trustmark worth $5,098,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Trustmark by 9.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,333 shares of the financial services provider’s stock worth $107,000 after buying an additional 296 shares during the last quarter. Creative Planning raised its holdings in shares of Trustmark by 7.0% in the 2nd quarter. Creative Planning now owns 3,705 shares of the financial services provider’s stock valued at $119,000 after purchasing an additional 241 shares during the period. Flinton Capital Management LLC raised its holdings in shares of Trustmark by 37.6% in the 2nd quarter. Flinton Capital Management LLC now owns 4,448 shares of the financial services provider’s stock valued at $143,000 after purchasing an additional 1,216 shares during the period. LS Investment Advisors LLC raised its holdings in shares of Trustmark by 21.1% in the 2nd quarter. LS Investment Advisors LLC now owns 5,411 shares of the financial services provider’s stock valued at $174,000 after purchasing an additional 941 shares during the period. Finally, Crossmark Global Holdings Inc. bought a new position in Trustmark in the 3rd quarter valued at about $202,000. 62.54% of the stock is owned by institutional investors.

Trustmark Corporation (NASDAQ:TRMK) opened at $32.63 on Wednesday. The stock has a market cap of $2,190.78, a price-to-earnings ratio of 17.20 and a beta of 1.15. Trustmark Corporation has a 52 week low of $28.16 and a 52 week high of $36.58. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.74 and a current ratio of 0.76.

Trustmark (NASDAQ:TRMK) last announced its earnings results on Tuesday, October 24th. The financial services provider reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. Trustmark had a net margin of 18.56% and a return on equity of 8.21%. The business had revenue of $153.37 million during the quarter, compared to the consensus estimate of $154.40 million. During the same quarter last year, the firm earned $0.47 earnings per share. sell-side analysts forecast that Trustmark Corporation will post 1.91 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend is Thursday, November 30th. Trustmark’s dividend payout ratio (DPR) is currently 52.57%.

Several research analysts have weighed in on TRMK shares. Zacks Investment Research raised shares of Trustmark from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a report on Friday, September 8th. ValuEngine raised shares of Trustmark from a “hold” rating to a “buy” rating in a report on Saturday, September 30th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $34.00 target price on shares of Trustmark in a report on Thursday, October 26th. Finally, Jefferies Group reiterated a “hold” rating and set a $36.00 price target on shares of Trustmark in a research report on Thursday, October 12th. Two analysts have rated the stock with a sell rating and five have issued a hold rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $34.40.

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Trustmark Profile

Trustmark Corporation is a bank holding company. The Company’s principal subsidiary is Trustmark National Bank (TNB). Through TNB and its subsidiaries, the Company operates as a financial services company providing banking and other financial solutions. It operates through three segments: General Banking, Wealth Management and Insurance.

Institutional Ownership by Quarter for Trustmark (NASDAQ:TRMK)

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