Trustmark Corporation $TRMK Stock Position Lifted by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC lifted its holdings in Trustmark Corporation (NASDAQ:TRMK) by 156.0% in the 4th quarter, HoldingsChannel reports. The firm owned 389,333 shares of the financial services provider’s stock after purchasing an additional 237,266 shares during the quarter. Bridgeway Capital Management LLC’s holdings in Trustmark were worth $15,165,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Wellington Management Group LLP grew its stake in shares of Trustmark by 8.9% in the third quarter. Wellington Management Group LLP now owns 3,883,882 shares of the financial services provider’s stock worth $153,802,000 after purchasing an additional 316,851 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Trustmark by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 1,491,837 shares of the financial services provider’s stock worth $58,112,000 after purchasing an additional 9,198 shares in the last quarter. UBS Group AG grew its stake in shares of Trustmark by 282.0% in the fourth quarter. UBS Group AG now owns 640,419 shares of the financial services provider’s stock worth $24,944,000 after purchasing an additional 472,751 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Trustmark by 30.5% in the third quarter. American Century Companies Inc. now owns 564,180 shares of the financial services provider’s stock worth $22,342,000 after purchasing an additional 132,023 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Trustmark by 17.2% in the first quarter. Goldman Sachs Group Inc. now owns 470,756 shares of the financial services provider’s stock worth $16,236,000 after purchasing an additional 69,110 shares in the last quarter. Institutional investors own 67.64% of the company’s stock.

Wall Street Analyst Weigh In

TRMK has been the subject of several recent analyst reports. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $45.00 price target on shares of Trustmark in a research note on Thursday, April 9th. DA Davidson reaffirmed a “neutral” rating and set a $44.00 target price on shares of Trustmark in a research note on Wednesday, April 29th. Piper Sandler raised their target price on Trustmark from $44.00 to $45.50 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Wall Street Zen raised Trustmark from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Weiss Ratings raised Trustmark from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, June 1st. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $44.75.

Trustmark Trading Down 2.1%

Shares of NASDAQ TRMK opened at $44.31 on Thursday. Trustmark Corporation has a 12 month low of $33.39 and a 12 month high of $46.34. The company has a market cap of $2.60 billion, a price-to-earnings ratio of 11.72 and a beta of 0.65. The company has a quick ratio of 0.87, a current ratio of 0.89 and a debt-to-equity ratio of 0.11. The business has a fifty day simple moving average of $44.46 and a 200-day simple moving average of $42.61.

Trustmark (NASDAQ:TRMK) last announced its quarterly earnings data on Tuesday, April 28th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.08. The firm had revenue of $208.07 million during the quarter, compared to the consensus estimate of $204.98 million. Trustmark had a return on equity of 10.74% and a net margin of 20.12%.During the same period in the prior year, the business earned $0.88 EPS. Sell-side analysts predict that Trustmark Corporation will post 3.92 EPS for the current year.

Trustmark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Monday, June 1st. Trustmark’s dividend payout ratio is currently 26.46%.

About Trustmark

Trustmark Corporation is a financial services holding company headquartered in Jackson, Mississippi. Through its principal subsidiary, Trustmark National Bank, the company provides a broad spectrum of commercial and consumer banking services. Trustmark’s offerings include deposit accounts, lending solutions, cash management services, residential and commercial mortgage financing, and credit card processing.

In addition to traditional banking, Trustmark offers trust and wealth management services designed to meet the needs of high-net-worth individuals, families and institutional clients.