Trustmark Corp (TRMK) Shares Bought by Teachers Advisors LLC

Teachers Advisors LLC boosted its holdings in Trustmark Corp (NASDAQ:TRMK) by 1.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 130,646 shares of the financial services provider’s stock after acquiring an additional 1,419 shares during the quarter. Teachers Advisors LLC’s holdings in Trustmark were worth $4,396,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in Trustmark by 1.4% in the third quarter. BlackRock Inc. now owns 9,411,446 shares of the financial services provider’s stock valued at $316,695,000 after buying an additional 131,591 shares in the last quarter. Vanguard Group Inc boosted its stake in Trustmark by 1.1% in the third quarter. Vanguard Group Inc now owns 6,008,142 shares of the financial services provider’s stock valued at $202,174,000 after buying an additional 65,576 shares in the last quarter. Vanguard Group Inc. boosted its stake in Trustmark by 1.1% in the third quarter. Vanguard Group Inc. now owns 6,008,142 shares of the financial services provider’s stock valued at $202,174,000 after buying an additional 65,576 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Trustmark by 0.6% in the third quarter. Dimensional Fund Advisors LP now owns 5,442,855 shares of the financial services provider’s stock valued at $183,152,000 after buying an additional 29,984 shares in the last quarter. Finally, Earnest Partners LLC boosted its stake in Trustmark by 0.9% in the third quarter. Earnest Partners LLC now owns 2,344,083 shares of the financial services provider’s stock valued at $78,878,000 after buying an additional 20,265 shares in the last quarter. 72.38% of the stock is currently owned by institutional investors and hedge funds.

Shares of TRMK stock opened at $33.32 on Tuesday. Trustmark Corp has a 12 month low of $26.84 and a 12 month high of $36.32. The stock has a market cap of $2.22 billion, a PE ratio of 15.08 and a beta of 1.03. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 0.04.

Trustmark (NASDAQ:TRMK) last announced its quarterly earnings results on Wednesday, January 23rd. The financial services provider reported $0.55 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.01. Trustmark had a return on equity of 9.43% and a net margin of 21.89%. The firm had revenue of $151.97 million for the quarter, compared to analyst estimates of $152.00 million. During the same period last year, the firm posted $0.48 earnings per share. Equities analysts predict that Trustmark Corp will post 2.22 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, March 1st will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date is Thursday, February 28th. Trustmark’s dividend payout ratio is currently 41.63%.

TRMK has been the topic of several research analyst reports. Zacks Investment Research lowered Trustmark from a “buy” rating to a “hold” rating in a research note on Friday, January 18th. SunTrust Banks reduced their price objective on Trustmark from $36.00 to $31.00 and set a “hold” rating on the stock in a research note on Monday, October 29th. BidaskClub raised Trustmark from a “sell” rating to a “hold” rating in a research note on Tuesday, October 30th. ValuEngine raised Trustmark from a “sell” rating to a “hold” rating in a research note on Tuesday, October 30th. Finally, Raymond James lowered Trustmark from a “market perform” rating to an “underperform” rating in a research note on Monday, January 7th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. Trustmark has a consensus rating of “Hold” and an average price target of $34.20.

In related news, insider Charles Scott Woods sold 1,500 shares of Trustmark stock in a transaction that occurred on Monday, November 26th. The stock was sold at an average price of $31.65, for a total value of $47,475.00. Following the transaction, the insider now directly owns 12,398 shares of the company’s stock, valued at $392,396.70. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Leroy G. Walker, Jr. sold 1,789 shares of Trustmark stock in a transaction that occurred on Monday, December 10th. The stock was sold at an average price of $30.35, for a total value of $54,296.15. Following the completion of the transaction, the director now directly owns 13,159 shares in the company, valued at $399,375.65. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,789 shares of company stock worth $242,421. 1.50% of the stock is owned by insiders.

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About Trustmark

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.

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Institutional Ownership by Quarter for Trustmark (NASDAQ:TRMK)

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