Trustmark Corp. (TRMK) Shares Sold by Ameriprise Financial Inc.
Ameriprise Financial Inc. cut its position in shares of Trustmark Corp. (NASDAQ:TRMK) by 1.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 680,325 shares of the financial services provider’s stock after selling 7,343 shares during the period. Ameriprise Financial Inc. owned 1.01% of Trustmark Corp. worth $16,905,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the stock. BlackRock Institutional Trust Company N.A. increased its stake in Trustmark Corp. by 1.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,038,072 shares of the financial services provider’s stock worth $46,937,000 after buying an additional 33,704 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Trustmark Corp. by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 876,796 shares of the financial services provider’s stock worth $21,789,000 after buying an additional 3,874 shares during the last quarter. Norges Bank bought a new stake in Trustmark Corp. during the fourth quarter worth $17,149,000. Renaissance Technologies LLC increased its stake in Trustmark Corp. by 153.7% in the first quarter. Renaissance Technologies LLC now owns 547,504 shares of the financial services provider’s stock worth $12,609,000 after buying an additional 331,700 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Trustmark Corp. by 20.3% in the first quarter. Goldman Sachs Group Inc. now owns 342,347 shares of the financial services provider’s stock worth $7,885,000 after buying an additional 57,843 shares during the last quarter. Institutional investors own 61.26% of the company’s stock.
Trustmark Corp. (NASDAQ:TRMK) traded up 1.05% during mid-day trading on Thursday, hitting $27.83. 138,827 shares of the stock traded hands. Trustmark Corp. has a 1-year low of $19.75 and a 1-year high of $28.71. The firm has a market capitalization of $1.88 billion, a P/E ratio of 17.95 and a beta of 1.21. The company has a 50-day moving average of $27.55 and a 200 day moving average of $25.03.
Trustmark Corp. (NASDAQ:TRMK) last issued its earnings results on Tuesday, July 26th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.02. Trustmark Corp. had a return on equity of 7.47% and a net margin of 17.44%. During the same period last year, the company earned $0.45 earnings per share. On average, equities research analysts anticipate that Trustmark Corp. will post $1.64 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 3.34%. The ex-dividend date of this dividend was Tuesday, August 30th. Trustmark Corp.’s dividend payout ratio is currently 59.36%.
Several equities research analysts recently commented on TRMK shares. SunTrust Banks Inc. lifted their target price on shares of Trustmark Corp. from $24.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, June 9th. Zacks Investment Research lowered shares of Trustmark Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, August 16th. Jefferies Group restated a “hold” rating and set a $25.00 price target on shares of Trustmark Corp. in a report on Thursday, July 7th. Finally, Keefe, Bruyette & Woods upgraded 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 report 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 stock. The stock has a consensus rating of “Hold” and an average target price of $25.75.
Trustmark Corp. Company Profile
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.
Receive News & Ratings for Trustmark Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trustmark Corp. and related companies with MarketBeat.com's FREE daily email newsletter.