Stone Ridge Asset Management LLC acquired a new position in Trustmark Corp (NASDAQ:TRMK) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 18,886 shares of the financial services provider’s stock, valued at approximately $636,000.

Other institutional investors have also modified their holdings of the company. LPL Financial LLC raised its position in shares of Trustmark by 17.0% in the 1st quarter. LPL Financial LLC now owns 12,378 shares of the financial services provider’s stock valued at $386,000 after buying an additional 1,799 shares in the last quarter. Raymond James & Associates raised its position in shares of Trustmark by 8.1% in the 2nd quarter. Raymond James & Associates now owns 24,236 shares of the financial services provider’s stock valued at $791,000 after buying an additional 1,823 shares in the last quarter. Mutual of America Capital Management LLC raised its position in shares of Trustmark by 3.4% in the 2nd quarter. Mutual of America Capital Management LLC now owns 57,974 shares of the financial services provider’s stock valued at $1,892,000 after buying an additional 1,916 shares in the last quarter. Creative Planning raised its position in shares of Trustmark by 45.0% in the 3rd quarter. Creative Planning now owns 10,067 shares of the financial services provider’s stock valued at $339,000 after buying an additional 3,124 shares in the last quarter. Finally, Xact Kapitalforvaltning AB raised its position in shares of Trustmark by 32.9% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 16,560 shares of the financial services provider’s stock valued at $540,000 after buying an additional 4,100 shares in the last quarter. Institutional investors and hedge funds own 63.46% of the company’s stock.

TRMK opened at $31.47 on Tuesday. Trustmark Corp has a fifty-two week low of $28.56 and a fifty-two week high of $36.32. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.79 and a current ratio of 0.81. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 16.39 and a beta of 0.98.

Trustmark (NASDAQ:TRMK) last posted its earnings results on Tuesday, October 23rd. The financial services provider reported $0.54 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.03). Trustmark had a return on equity of 9.21% and a net margin of 18.99%. The business had revenue of $157.23 million for the quarter, compared to the consensus estimate of $155.38 million. During the same period in the previous year, the firm earned $0.51 earnings per share. The company’s revenue was up 2.5% compared to the same quarter last year. Equities research analysts forecast that Trustmark Corp will post 2.2 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, December 15th. Shareholders of record on Saturday, December 1st will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend is Thursday, November 29th. Trustmark’s payout ratio is 47.92%.

Several equities analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Trustmark from a “sell” rating to a “hold” rating in a research report on Thursday, November 8th. BidaskClub upgraded shares of Trustmark from a “sell” rating to a “hold” rating in a research report on Tuesday, October 30th. ValuEngine upgraded shares of Trustmark from a “sell” rating to a “hold” rating in a research report on Tuesday, October 30th. SunTrust Banks lowered their price objective on shares of Trustmark from $36.00 to $31.00 and set a “hold” rating for the company in a research report on Monday, October 29th. Finally, Stephens set a $35.00 price objective on shares of Trustmark and gave the stock a “hold” rating in a research report on Wednesday, October 24th. Eight analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and a consensus price target of $34.50.

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Trustmark Company Profile

Trustmark Corporation operates as the bank holding company for Trustmark National Bank that provides banking and other financial solutions to individuals and corporate institutions in the United States. The company offers checking, savings, and money market accounts; individual retirement accounts; certificates of deposits; financing for commercial and industrial projects, income producing commercial real estate, owner-occupied real estate, and construction and land development; and installment and real estate loans, and lines of credit.

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Institutional Ownership by Quarter for Trustmark (NASDAQ:TRMK)

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