Dimensional Fund Advisors LP Has $164.24 Million Position in Trustmark Corporation $TRMK

Dimensional Fund Advisors LP grew its holdings in Trustmark Corporation (NASDAQ:TRMK) by 0.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,897,556 shares of the financial services provider’s stock after acquiring an additional 20,628 shares during the period. Dimensional Fund Advisors LP owned 0.07% of Trustmark worth $164,244,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of TRMK. Wellington Management Group LLP boosted its holdings in 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 raised its holdings in Trustmark by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 1,491,837 shares of the financial services provider’s stock valued at $58,112,000 after buying an additional 9,198 shares in the last quarter. UBS Group AG raised its holdings in Trustmark by 282.0% during the fourth quarter. UBS Group AG now owns 640,419 shares of the financial services provider’s stock valued at $24,944,000 after buying an additional 472,751 shares in the last quarter. Goldman Sachs Group Inc. lifted its position 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 buying an additional 69,110 shares during the last quarter. Finally, Federated Hermes Inc. lifted its position in shares of Trustmark by 18.1% in the fourth quarter. Federated Hermes Inc. now owns 435,904 shares of the financial services provider’s stock worth $16,978,000 after buying an additional 66,795 shares during the last quarter. Institutional investors and hedge funds own 67.64% of the company’s stock.

Trustmark Price Performance

Shares of NASDAQ:TRMK opened at $46.61 on Friday. The company has a market cap of $2.73 billion, a price-to-earnings ratio of 12.33 and a beta of 0.65. The business has a 50 day moving average price of $45.36 and a 200 day moving average price of $43.78. The company has a quick ratio of 0.87, a current ratio of 0.89 and a debt-to-equity ratio of 0.11. Trustmark Corporation has a twelve month low of $36.05 and a twelve month high of $48.00.

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

Trustmark Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.00 dividend on an annualized basis and a yield of 2.1%. Trustmark’s dividend payout ratio is 26.46%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TRMK. Weiss Ratings upgraded Trustmark from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, June 1st. Wall Street Zen raised Trustmark from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Piper Sandler boosted their target price on Trustmark from $44.00 to $45.50 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $45.00 price target on shares of Trustmark in a research report on Thursday, April 9th. Finally, DA Davidson reiterated a “neutral” rating and issued a $44.00 target price on shares of Trustmark in a research note on Wednesday, April 29th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $44.75.

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.