Russell Investments Group Ltd. increased its holdings in shares of Trustmark Corp (NASDAQ:TRMK) by 17.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 115,579 shares of the financial services provider’s stock after buying an additional 17,275 shares during the quarter. Russell Investments Group Ltd. owned 0.18% of Trustmark worth $3,810,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. GYL Financial Synergies LLC purchased a new stake in shares of Trustmark during the first quarter valued at approximately $608,000. Steward Partners Investment Advisory LLC bought a new stake in Trustmark during the second quarter worth about $49,000. First Midwest Bank Trust Division increased its holdings in shares of Trustmark by 123.4% in the second quarter. First Midwest Bank Trust Division now owns 14,852 shares of the financial services provider’s stock worth $494,000 after buying an additional 8,205 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Trustmark by 1.8% in the second quarter. JPMorgan Chase & Co. now owns 1,571,812 shares of the financial services provider’s stock worth $51,445,000 after buying an additional 28,432 shares during the period. Finally, Acadian Asset Management LLC increased its holdings in shares of Trustmark by 64.9% in the second quarter. Acadian Asset Management LLC now owns 553,850 shares of the financial services provider’s stock worth $18,416,000 after buying an additional 217,956 shares during the period. Institutional investors and hedge funds own 66.67% of the company’s stock.

TRMK stock traded down $0.22 during trading on Monday, reaching $34.87. The company’s stock had a trading volume of 27,299 shares, compared to its average volume of 234,630. Trustmark Corp has a 1 year low of $26.84 and a 1 year high of $36.63. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $2.24 billion, a P/E ratio of 15.78 and a beta of 1.10. The company’s fifty day moving average is $33.79 and its 200-day moving average is $33.79.

Trustmark (NASDAQ:TRMK) last released its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $0.65 EPS for the quarter, beating the consensus estimate of $0.57 by $0.08. Trustmark had a net margin of 21.20% and a return on equity of 9.28%. The business had revenue of $157.40 million during the quarter, compared to the consensus estimate of $156.35 million. During the same quarter in the prior year, the firm earned $0.59 EPS. Analysts anticipate that Trustmark Corp will post 2.35 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Sunday, September 15th. Shareholders of record on Sunday, September 1st were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend was Thursday, August 29th. Trustmark’s dividend payout ratio (DPR) is presently 41.63%.

TRMK has been the topic of a number of research analyst reports. BidaskClub upgraded Trustmark from a “strong sell” rating to a “sell” rating in a report on Thursday. Zacks Investment Research cut Trustmark from a “buy” rating to a “hold” rating in a research report on Thursday. Three research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. Trustmark has an average rating of “Hold” and an average target price of $33.50.

In other Trustmark news, insider Breck W. Tyler sold 19,398 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $33.70, for a total transaction of $653,712.60. Following the completion of the transaction, the insider now owns 23,656 shares of the company’s stock, valued at approximately $797,207.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is owned by corporate insiders.

About Trustmark

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.

Read More: Understanding the Price to Earnings Ratio (PE)

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Institutional Ownership by Quarter for Trustmark (NASDAQ:TRMK)

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