Trustmark Corp. (NASDAQ:TRMK) shares saw an uptick in trading volume on Friday . 1,064,181 shares were traded during trading, an increase of 136% from the previous session’s volume of 450,618 shares.The stock last traded at $27.33 and had previously closed at $27.36.

Several brokerages have commented on TRMK. Zacks Investment Research downgraded shares of Trustmark Corp. from a “buy” rating to a “hold” rating in a report on Tuesday. Keefe, Bruyette & Woods raised shares of Trustmark Corp. from an “underperform” rating to a “market perform” rating and raised their price target for the stock from $23.00 to $25.00 in a research note on Thursday, July 28th. Jefferies Group raised their price target on shares of Trustmark Corp. from $25.00 to $26.00 and gave the stock a “hold” rating in a research note on Thursday, July 28th. Finally, SunTrust Banks Inc. raised their price target on shares of Trustmark Corp. from $24.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, June 9th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Trustmark Corp. has an average rating of “Hold” and an average target price of $25.75.

The firm’s 50-day moving average is $25.95 and its 200-day moving average is $24.06. The stock has a market capitalization of $1.85 billion and a price-to-earnings ratio of 17.63.

Trustmark Corp. (NASDAQ:TRMK) last announced its earnings results on Tuesday, July 26th. The financial services provider reported $0.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.02. During the same period in the prior year, the firm earned $0.45 earnings per share. Equities analysts anticipate 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. This represents a $0.92 annualized dividend and a yield of 3.37%. The ex-dividend date of this dividend is Tuesday, August 30th.

Other hedge funds recently made changes to their positions in the company. 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 during the last quarter. Wells Fargo & Company MN raised 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 valued at $12,602,000 after buying an additional 120,739 shares during the period. Bank of Montreal Can raised 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 valued at $3,145,000 after buying an additional 120,927 shares during the period. Mutual of America Capital Management LLC raised 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 valued at $1,085,000 after buying an additional 2,018 shares during the period. Finally, California Public Employees Retirement System raised its position 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 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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