15,050 Shares in Trustmark Corporation (TRMK) Acquired by Citadel Advisors LLC
Citadel Advisors LLC bought a new position in Trustmark Corporation (NASDAQ:TRMK) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 15,050 shares of the financial services provider’s stock, valued at approximately $498,000.
Other institutional investors have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Trustmark by 9.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,333 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 296 shares during the last quarter. Creative Planning grew its holdings in shares of Trustmark by 7.0% in the second quarter. Creative Planning now owns 3,705 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 241 shares during the last quarter. Flinton Capital Management LLC grew its holdings in shares of Trustmark by 37.6% in the second quarter. Flinton Capital Management LLC now owns 4,448 shares of the financial services provider’s stock worth $143,000 after purchasing an additional 1,216 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Trustmark in the third quarter worth approximately $202,000. Finally, Riverhead Capital Management LLC grew its holdings in shares of Trustmark by 38.5% in the second quarter. Riverhead Capital Management LLC now owns 7,065 shares of the financial services provider’s stock worth $227,000 after purchasing an additional 1,965 shares during the last quarter. Hedge funds and other institutional investors own 62.54% of the company’s stock.
Several research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Trustmark from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. ValuEngine upgraded shares of Trustmark from a “hold” rating to a “buy” rating in a report on Saturday, September 30th. Jefferies Group restated a “hold” rating and issued a $36.00 target price on shares of Trustmark in a report on Thursday, October 12th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $34.00 target price on shares of Trustmark in a report on Thursday, October 26th. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. Trustmark has a consensus rating of “Hold” and an average target price of $34.40.
Shares of Trustmark Corporation (NASDAQ TRMK) opened at $32.63 on Wednesday. The firm has a market cap of $2,210.00, a price-to-earnings ratio of 17.52 and a beta of 1.15. Trustmark Corporation has a fifty-two week low of $28.16 and a fifty-two week high of $36.58. The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 0.04.
Trustmark (NASDAQ:TRMK) last released its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.03. The business had revenue of $153.37 million for the quarter, compared to analysts’ expectations of $154.40 million. Trustmark had a net margin of 18.56% and a return on equity of 8.21%. During the same quarter in the previous year, the business posted $0.47 earnings per share. equities analysts expect that Trustmark Corporation will post 1.91 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.82%. The ex-dividend date is Thursday, November 30th. Trustmark’s dividend payout ratio (DPR) is currently 52.57%.
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Trustmark 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.
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