Trustmark Corp. (NASDAQ:TRMK) shares reached a new 52-week high on Friday . The company traded as high as $26.93 and last traded at $26.92, with a volume of 184,812 shares changing hands. The stock had previously closed at $26.05.

A number of research firms have recently weighed in on TRMK. SunTrust Banks Inc. raised their target price on Trustmark Corp. from $24.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, June 9th. Jefferies Group raised their target price on Trustmark Corp. from $25.00 to $26.00 and gave the company a “hold” rating in a report on Thursday, July 28th. Zacks Investment Research upgraded Trustmark Corp. from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Tuesday, June 14th. Keefe, Bruyette & Woods raised Trustmark Corp. from an “underperform” rating to a “market perform” rating and increased their price target for the company from $23.00 to $25.00 in a research report on Thursday, July 28th. Finally, TheStreet raised Trustmark Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, April 13th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $25.75.

The stock has a 50 day moving average price of $25.10 and a 200-day moving average price of $23.59. The stock has a market capitalization of $1.82 billion and a price-to-earnings ratio of 17.37.

Trustmark Corp. (NASDAQ:TRMK) last released its earnings results on Tuesday, July 26th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. During the same quarter in the previous year, the company earned $0.45 earnings per share. On average, analysts predict that Trustmark Corp. will post $1.64 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be issued a $0.23 dividend. The ex-dividend date is Tuesday, August 30th. This represents a $0.92 dividend on an annualized basis and a yield of 3.42%.

A number of large investors recently added to or reduced their stakes in the stock. California Public Employees Retirement System increased its stake in Trustmark Corp. by 1.1% in the fourth quarter. California Public Employees Retirement System now owns 160,982 shares of the financial services provider’s stock worth $3,709,000 after buying an additional 1,800 shares during the last quarter. Mutual of America Capital Management LLC boosted its position in shares of Trustmark Corp. by 4.5% in the fourth quarter. Mutual of America Capital Management LLC now owns 47,099 shares of the financial services provider’s stock worth $1,085,000 after buying an additional 2,018 shares during the period. Bank of Montreal Can boosted its position in shares of Trustmark Corp. by 776.8% in the fourth quarter. Bank of Montreal Can now owns 136,494 shares of the financial services provider’s stock worth $3,145,000 after buying an additional 120,927 shares during the period. Wells Fargo & Company MN boosted its position in shares of Trustmark Corp. by 28.3% in the fourth quarter. Wells Fargo & Company MN now owns 546,882 shares of the financial services provider’s stock worth $12,602,000 after buying an additional 120,739 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Trustmark Corp. by 11.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,346,594 shares of the financial services provider’s stock worth $77,107,000 after buying an additional 350,856 shares during the period.

Trustmark Corporation (Trustmark) is a bank holding company. Trustmark’s principal subsidiary is Trustmark National Bank (TNB). Through TNB and other subsidiaries, Trustmark operates as a financial services organization providing banking and other financial solutions through approximately 205 offices in Alabama, Florida, Mississippi, Tennessee and Texas.

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