Teachers Retirement System of The State of Kentucky decreased its stake in shares of Trustmark Corporation (NASDAQ:TRMK) by 12.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,380 shares of the financial services provider’s stock after selling 1,520 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Trustmark Corporation were worth $330,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Flinton Capital Management LLC increased its position in Trustmark Corporation by 14.1% in the first quarter. Flinton Capital Management LLC now owns 3,232 shares of the financial services provider’s stock valued at $103,000 after buying an additional 400 shares during the last quarter. Creative Planning increased its position in Trustmark Corporation by 1.7% in the first quarter. Creative Planning now owns 3,464 shares of the financial services provider’s stock valued at $110,000 after buying an additional 59 shares during the last quarter. Meadow Creek Investment Management LLC increased its position in Trustmark Corporation by 14.1% in the first quarter. Meadow Creek Investment Management LLC now owns 4,444 shares of the financial services provider’s stock valued at $141,000 after buying an additional 550 shares during the last quarter. Glen Harbor Capital Management LLC increased its position in Trustmark Corporation by 14.1% in the first quarter. Glen Harbor Capital Management LLC now owns 5,656 shares of the financial services provider’s stock valued at $180,000 after buying an additional 700 shares during the last quarter. Finally, Bank of Montreal Can increased its position in Trustmark Corporation by 0.3% in the first quarter. Bank of Montreal Can now owns 5,759 shares of the financial services provider’s stock valued at $182,000 after buying an additional 20 shares during the last quarter. 62.32% of the stock is owned by hedge funds and other institutional investors.

Trustmark Corporation (NASDAQ:TRMK) traded down 0.57% during midday trading on Monday, hitting $31.52. 19,807 shares of the stock traded hands. The stock’s 50-day moving average price is $32.29 and its 200 day moving average price is $32.39. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 18.56 and a beta of 1.13. Trustmark Corporation has a 52 week low of $25.56 and a 52 week high of $36.79.

Trustmark Corporation (NASDAQ:TRMK) last posted its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $0.47 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.03. Trustmark Corporation had a net margin of 18.35% and a return on equity of 8.04%. The company had revenue of $157.10 million during the quarter, compared to analyst estimates of $152.57 million. During the same period in the prior year, the business posted $0.40 EPS. On average, equities research analysts predict that Trustmark Corporation will post $1.75 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.92 dividend on an annualized basis and a yield of 2.90%. Trustmark Corporation’s dividend payout ratio is currently 54.12%.

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Several equities analysts have recently issued reports on the stock. ValuEngine raised shares of Trustmark Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Hovde Group increased their price objective on shares of Trustmark Corporation from $36.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday, April 27th. Jefferies Group LLC reiterated a “hold” rating and set a $35.00 price objective on shares of Trustmark Corporation in a research report on Friday, May 5th. Zacks Investment Research cut shares of Trustmark Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Finally, BidaskClub cut shares of Trustmark Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $34.00.

In related news, insider Charles Scott Woods sold 1,000 shares of the company’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $32.00, for a total transaction of $32,000.00. Following the completion of the sale, the insider now directly owns 13,344 shares in the company, valued at approximately $427,008. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Duane A. Dewey sold 5,748 shares of the company’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $30.85, for a total transaction of $177,325.80. Following the sale, the insider now owns 27,909 shares of the company’s stock, valued at $860,992.65. The disclosure for this sale can be found here. Corporate insiders own 1.37% of the company’s stock.

Trustmark Corporation Company Profile

Trustmark Corporation is a bank holding company. The Company’s principal subsidiary is Trustmark National Bank (TNB). Through TNB and its subsidiaries, the Company operates as a financial services company providing banking and other financial solutions. It operates through three segments: General Banking, Wealth Management and Insurance.

Institutional Ownership by Quarter for Trustmark Corporation (NASDAQ:TRMK)

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