Victory Capital Management Inc. Has $454,000 Position in Trustmark Corp (TRMK)
Victory Capital Management Inc. cut its holdings in Trustmark Corp (NASDAQ:TRMK) by 71.6% during the first quarter, HoldingsChannel reports. The institutional investor owned 13,513 shares of the financial services provider’s stock after selling 34,120 shares during the quarter. Victory Capital Management Inc.’s holdings in Trustmark were worth $454,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the stock. Strs Ohio boosted its position in Trustmark by 200.0% during the fourth quarter. Strs Ohio now owns 900 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 600 shares in the last quarter. Captrust Financial Advisors boosted its position in Trustmark by 160.7% during the fourth quarter. Captrust Financial Advisors now owns 863 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 532 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in Trustmark by 2,743.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 753,594 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 727,087 shares in the last quarter. Toronto Dominion Bank purchased a new stake in Trustmark during the fourth quarter worth $28,000. Finally, Bremer Trust National Association purchased a new stake in Trustmark during the fourth quarter worth $28,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.
A number of analysts have commented on the company. Zacks Investment Research upgraded Trustmark from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research report on Wednesday, May 22nd. BidaskClub upgraded Trustmark from a “hold” rating to a “buy” rating in a research report on Tuesday, May 7th. Stephens reiterated a “hold” rating and set a $32.00 target price on shares of Trustmark in a research report on Wednesday, April 24th. Finally, Keefe, Bruyette & Woods downgraded Trustmark from a “market perform” rating to an “underperform” rating and set a $34.00 target price on the stock. in a research report on Tuesday, March 19th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $34.17.
NASDAQ TRMK opened at $31.77 on Friday. Trustmark Corp has a fifty-two week low of $26.84 and a fifty-two week high of $36.63. The firm has a market capitalization of $2.09 billion, a PE ratio of 14.74 and a beta of 1.08. The company has a quick ratio of 0.81, a current ratio of 0.83 and a debt-to-equity ratio of 0.04.
Trustmark (NASDAQ:TRMK) last released its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $0.51 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.01). Trustmark had a return on equity of 9.19% and a net margin of 21.24%. The company had revenue of $149.53 million during the quarter, compared to analyst estimates of $151.17 million. During the same period last year, the firm earned $0.54 earnings per share. The business’s revenue was down 1.7% compared to the same quarter last year. As a group, research analysts predict that Trustmark Corp will post 2.25 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Saturday, June 15th. Stockholders of record on Saturday, June 1st will be issued a $0.23 dividend. The ex-dividend date is Thursday, May 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.90%. Trustmark’s dividend payout ratio (DPR) is 41.63%.
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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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