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

Several research firms have recently commented on TRMK. Zacks Investment Research raised Trustmark Corp. from a “sell” rating to a “hold” rating and set a $27.00 price objective 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 price objective for the stock from $23.00 to $25.00 in a research note on Thursday, July 28th. SunTrust Banks Inc. lifted their target price on Trustmark Corp. from $24.00 to $25.00 and gave the company a “neutral” rating in a research note on Thursday, June 9th. Finally, Jefferies Group lifted their target price on Trustmark Corp. from $25.00 to $26.00 and gave the company 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 given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $25.75.

The firm has a market cap of $1.85 billion and a P/E ratio of 17.65. The stock’s 50 day moving average is $25.88 and its 200 day moving average is $24.02.

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

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $0.92 annualized dividend and a yield of 3.36%.

A number of hedge funds have recently bought and sold shares of TRMK. Dimensional Fund Advisors LP increased its stake in 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 increased its stake in 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 last quarter. Bank of Montreal Can increased its stake in 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 last quarter. Mutual of America Capital Management LLC increased its stake in 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 last quarter. Finally, 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 valued at $3,709,000 after buying an additional 1,800 shares during 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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