Teachers Advisors LLC increased its position in shares of Trustmark Corporation (NASDAQ:TRMK) by 1.8% during the first quarter, Holdings Channel reports. The fund owned 118,880 shares of the financial services provider’s stock after buying an additional 2,152 shares during the period. Teachers Advisors LLC’s holdings in Trustmark Corporation were worth $3,779,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of TRMK. Flinton Capital Management LLC raised its stake in shares of 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 worth $103,000 after buying an additional 400 shares during the period. Creative Planning raised its stake in shares of Trustmark Corporation by 1.7% in the first quarter. Creative Planning now owns 3,464 shares of the financial services provider’s stock worth $110,000 after buying an additional 59 shares during the period. Meadow Creek Investment Management LLC raised its stake in shares of 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 worth $141,000 after buying an additional 550 shares during the period. Glen Harbor Capital Management LLC raised its stake in shares of 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 worth $180,000 after buying an additional 700 shares during the period. Finally, Bank of Montreal Can raised its stake in shares of 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 worth $182,000 after buying an additional 20 shares during the period. 62.32% of the stock is owned by institutional investors.

Shares of Trustmark Corporation (NASDAQ:TRMK) opened at 31.29 on Wednesday. Trustmark Corporation has a 52 week low of $25.56 and a 52 week high of $36.79. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of 18.43 and a beta of 1.13. The stock has a 50 day moving average price of $32.17 and a 200-day moving average price of $32.38.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a $0.23 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.92 annualized dividend and a yield of 2.92%. Trustmark Corporation’s dividend payout ratio is presently 54.12%.

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A number of analysts have recently weighed in on the company. Stephens set a $34.00 target price on Trustmark Corporation and gave the company a “hold” rating in a research note on Monday. Zacks Investment Research upgraded Trustmark Corporation from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research note on Saturday, July 29th. BidaskClub lowered Trustmark Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday. Jefferies Group LLC restated a “hold” rating and issued a $35.00 target price on shares of Trustmark Corporation in a research note on Friday, June 9th. Finally, ValuEngine upgraded Trustmark Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $34.00.

In other Trustmark Corporation news, insider Charles Scott Woods sold 1,000 shares of the stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $32.00, for a total value of $32,000.00. Following the completion of the transaction, the insider now directly owns 13,344 shares in the company, valued at $427,008. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Duane A. Dewey sold 5,748 shares of the stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $30.85, for a total value of $177,325.80. Following the completion of the transaction, 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. 1.37% of the stock is currently owned by company insiders.

About Trustmark Corporation

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.

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

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