2 weeks Ago By Defense World Staff
KLP Kapitalforvaltning AS acquired a new stake in Trustmark Co. (NASDAQ:TRMK – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 12,100 shares of the financial services provider’s stock, valued at approximately $428,000.
A number of other institutional investors have also recently bought and sold shares of the business. State Street Corp grew its stake in shares of Trustmark by 0.8% during the third quarter.
State Street Corp now owns 3,090,988 shares of the financial services provider’s stock worth $98,355,000 after purchasing an additional 24,450 shares during the period. Geode Capital Management LLC boosted its holdings in Trustmark by 1.1% during the third quarter.
Geode Capital Management LLC now owns 1,461,545 shares of the financial services provider’s stock worth $46,515,000 after buying an additional 15,627 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Trustmark by 32.6% during the 3rd quarter.
Wellington Management Group LLP now owns 1,356,853 shares of the financial services provider’s stock worth $43,175,000 after buying an additional 333,390 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Trustmark by 0.
8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 894,807 shares of the financial services provider’s stock valued at $31,649,000 after acquiring an additional 6,683 shares during the last quarter.
Finally, Principal Financial Group Inc. raised its position in shares of Trustmark by 6.8% in the 3rd quarter.
Principal Financial Group Inc. now owns 598,969 shares of the financial services provider’s stock valued at $19,059,000 after acquiring an additional 37,989 shares during the period. Institutional investors and hedge funds own 67.
64% of the company’s stock. Trustmark Stock PerformanceShares of Trustmark stock opened at $30.82 on Friday.
The company has a debt-to-equity ratio of 0.09, a current ratio of 0.87 and a quick ratio of 0.
86. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 8.
47 and a beta of 0.71. The stock’s 50-day moving average is $35.
78 and its 200-day moving average is $35.59. Trustmark Co.
has a one year low of $25.41 and a one year high of $40.73.
Trustmark (NASDAQ:TRMK – Get Free Report) last released its earnings results on Tuesday, January 28th. The financial services provider reported $0.92 EPS for the quarter, beating the consensus estimate of $0.
83 by $0.09. Trustmark had a return on equity of 10.
12% and a net margin of 19.42%. Equities analysts predict that Trustmark Co.
will post 3.42 earnings per share for the current fiscal year. Trustmark Increases DividendThe firm also recently announced a quarterly dividend, which was paid on Saturday, March 15th.
Investors of record on Saturday, March 1st were issued a dividend of $0.24 per share. This is a boost from Trustmark’s previous quarterly dividend of $0.
23. The ex-dividend date was Friday, February 28th. This represents a $0.
96 annualized dividend and a yield of 3.11%. Trustmark’s dividend payout ratio is presently 26.
37%. Analyst Ratings ChangesA number of research analysts recently issued reports on TRMK shares. Keefe, Bruyette & Woods boosted their price objective on shares of Trustmark from $45.
00 to $47.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. Janney Montgomery Scott started coverage on Trustmark in a research report on Friday, January 24th.
They set a “buy” rating and a $42.00 price target on the stock. Finally, DA Davidson boosted their price objective on Trustmark from $40.
00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock.
According to data from MarketBeat, Trustmark presently has a consensus rating of “Hold” and a consensus price target of $40.60.Read Our Latest Stock Report on TRMKTrustmark Profile (Free Report)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.Further ReadingFive stocks we like better than TrustmarkBank Stocks – Best Bank Stocks to Invest InArcher Aviation’s Africa Deal Could Boost ACHR StockWhat is a buyback in stocks? A comprehensive guide for investorsAre Short Sellers Wrong About These 3 Semiconductor Stocks?How to Invest in the FAANG StocksBoeing Gets $50B in March Orders—Is BA Stock a Buy Now?.
