Shares of Trustmark Corp. (NASDAQ:TRMK) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $27.10 and last traded at $27.08, with a volume of 106,092 shares. The stock had previously closed at $26.89.

Several analysts recently issued reports on the company. Zacks Investment Research raised Trustmark Corp. from a “sell” rating to a “hold” rating and set a $27.00 target price on the stock in a research note on Wednesday, May 4th. Keefe, Bruyette & Woods raised Trustmark Corp. from an “underperform” rating to a “market perform” rating and raised their target price for the stock from $23.00 to $25.00 in a research note on Thursday, July 28th. SunTrust Banks Inc. raised their target price on Trustmark Corp. from $24.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, June 9th. Finally, Jefferies Group raised their target price on Trustmark Corp. from $25.00 to $26.00 and gave the stock a “hold” rating in a research note on Thursday, July 28th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Trustmark Corp. has a consensus rating of “Hold” and a consensus price target of $25.75.

The company has a market capitalization of $1.83 billion and a price-to-earnings ratio of 17.43. The company has a 50 day moving average of $25.70 and a 200 day moving average of $23.97.

Trustmark Corp. (NASDAQ:TRMK) last announced its quarterly earnings results on Tuesday, July 26th. The financial services provider reported $0.40 EPS for the quarter, topping the consensus estimate of $0.38 by $0.02. During the same quarter in the previous year, the firm posted $0.45 earnings per share. Equities research analysts anticipate that Trustmark Corp. will post $1.64 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.42%. The ex-dividend date is Tuesday, August 30th.

Several hedge funds have made changes to their positions in TRMK. State of Tennessee Treasury Department acquired a new stake in shares of Trustmark Corp. during the fourth quarter valued at about $2,074,000. California Public Employees Retirement System boosted its stake in shares of 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 valued at $3,709,000 after buying an additional 1,800 shares in the last quarter. Bank of Montreal Can boosted its stake 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 valued at $3,145,000 after buying an additional 120,927 shares in the last quarter. Mutual of America Capital Management LLC boosted its stake 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 valued at $1,085,000 after buying an additional 2,018 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake 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 valued at $77,107,000 after buying an additional 350,856 shares in the last quarter.

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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