Trustmark Corp. (TRMK) Position Maintained by New York State Teachers Retirement System
New York State Teachers Retirement System held its stake in Trustmark Corp. (NASDAQ:TRMK) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 64,200 shares of the financial services provider’s stock at the end of the second quarter. New York State Teachers Retirement System’s holdings in Trustmark Corp. were worth $1,595,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in TRMK. Keel Point LLC purchased a new stake in Trustmark Corp. during the second quarter valued at $210,000. Alpha Windward LLC purchased a new stake in Trustmark Corp. during the second quarter valued at $409,000. A.R.T. Advisors LLC purchased a new stake in Trustmark Corp. during the first quarter valued at $800,000. BNP Paribas Arbitrage SA increased its stake in Trustmark Corp. by 544.5% in the second quarter. BNP Paribas Arbitrage SA now owns 43,294 shares of the financial services provider’s stock valued at $1,076,000 after buying an additional 36,577 shares during the last quarter. Finally, Teachers Advisors Inc. increased its stake in Trustmark Corp. by 5.4% in the first quarter. Teachers Advisors Inc. now owns 112,645 shares of the financial services provider’s stock valued at $2,594,000 after buying an additional 5,760 shares during the last quarter. Hedge funds and other institutional investors own 61.23% of the company’s stock.
Shares of Trustmark Corp. (NASDAQ:TRMK) traded down 0.70% during trading on Monday, reaching $26.99. 200,724 shares of the company’s stock were exchanged. Trustmark Corp. has a 12-month low of $19.75 and a 12-month high of $28.71. The company has a market capitalization of $1.83 billion, a P/E ratio of 17.41 and a beta of 1.13. The stock has a 50-day moving average price of $27.77 and a 200 day moving average price of $25.61.
Trustmark Corp. (NASDAQ:TRMK) last released its quarterly earnings results on Tuesday, July 26th. The financial services provider reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter in the previous year, the firm posted $0.45 earnings per share. Equities analysts expect that Trustmark Corp. will post $1.64 EPS for the current fiscal year.
Several analysts recently weighed in on the company. Zacks Investment Research downgraded Trustmark Corp. from a “buy” rating to a “hold” rating in a report on Thursday, September 29th. Keefe, Bruyette & Woods upgraded Trustmark Corp. from an “underperform” rating to a “market perform” rating and lifted their price objective for the company from $23.00 to $25.00 in a report on Thursday, July 28th. Finally, Jefferies Group lifted their price objective on Trustmark Corp. from $25.00 to $26.00 and gave the company a “hold” rating in a report on Thursday, July 28th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Trustmark Corp. has a consensus rating of “Hold” and an average target price of $26.75.
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.
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