Los Angeles Capital Management & Equity Research Inc. reduced its stake in Trustmark Corp. (NASDAQ:TRMK) by 25.7% during the second quarter, Holdings Channel reports. The fund owned 30,155 shares of the financial services provider’s stock after selling 10,405 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Trustmark Corp. were worth $749,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Institutional Trust Company N.A. raised its position in shares of Trustmark Corp. by 1.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,038,072 shares of the financial services provider’s stock valued at $46,937,000 after buying an additional 33,704 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Trustmark Corp. by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 876,796 shares of the financial services provider’s stock valued at $21,789,000 after buying an additional 3,874 shares during the last quarter. Norges Bank acquired a new position in shares of Trustmark Corp. during the fourth quarter valued at $17,149,000. Renaissance Technologies LLC raised its position in shares of Trustmark Corp. by 153.7% in the first quarter. Renaissance Technologies LLC now owns 547,504 shares of the financial services provider’s stock valued at $12,609,000 after buying an additional 331,700 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Trustmark Corp. by 20.3% in the first quarter. Goldman Sachs Group Inc. now owns 342,347 shares of the financial services provider’s stock valued at $7,885,000 after buying an additional 57,843 shares during the last quarter. Institutional investors own 61.26% of the company’s stock.

Shares of Trustmark Corp. (NASDAQ:TRMK) traded down 0.055% during mid-day trading on Tuesday, hitting $27.465. The stock had a trading volume of 253,948 shares. The company’s 50 day moving average price is $27.46 and its 200 day moving average price is $24.98. Trustmark Corp. has a 12-month low of $19.75 and a 12-month high of $28.71. The stock has a market cap of $1.86 billion, a P/E ratio of 17.719 and a beta of 1.21.

Trustmark Corp. (NASDAQ:TRMK) last issued its quarterly earnings data on Tuesday, July 26th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.02. Trustmark Corp. had a return on equity of 7.47% and a net margin of 17.44%. During the same quarter in the prior year, the company posted $0.45 earnings per share. Equities research analysts predict that Trustmark Corp. will post $1.64 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were given a dividend of $0.23 per share. The ex-dividend date was Tuesday, August 30th. This represents a $0.92 annualized dividend and a dividend yield of 3.35%. Trustmark Corp.’s dividend payout ratio is currently 59.36%.

Several research analysts have recently commented on TRMK shares. SunTrust Banks Inc. raised their price target on Trustmark Corp. from $24.00 to $25.00 and gave the stock a “neutral” rating in a research report on Thursday, June 9th. Zacks Investment Research lowered Trustmark Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, August 16th. Jefferies Group restated a “hold” rating and set a $25.00 price target on shares of Trustmark Corp. in a research report on Thursday, July 7th. Finally, Keefe, Bruyette & Woods upgraded Trustmark Corp. from an “underperform” rating to a “market perform” rating and raised their price target for the stock from $23.00 to $25.00 in a research report on Thursday, July 28th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $25.75.

About Trustmark Corp.

Trustmark Corporation (Trustmark) is a bank holding company. Trustmark’s principal subsidiary is Trustmark National Bank (TNB). Through TNB and other subsidiaries, Trustmark operates as a financial services organization providing banking and other financial solutions through approximately 205 offices in Alabama, Florida, Mississippi, Tennessee and Texas.

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