Texas Permanent School Fund Has $1.35 Million Stake in Trustmark Co. (NASDAQ:TRMK)

Texas Permanent School Fund decreased its holdings in Trustmark Co. (NASDAQ:TRMKGet Rating) by 1.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,017 shares of the financial services provider’s stock after selling 429 shares during the period. Texas Permanent School Fund’s holdings in Trustmark were worth $1,348,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in TRMK. Goldman Sachs Group Inc. increased its holdings in Trustmark by 39.4% in the second quarter. Goldman Sachs Group Inc. now owns 872,447 shares of the financial services provider’s stock worth $25,466,000 after buying an additional 246,723 shares during the last quarter. Guggenheim Capital LLC acquired a new position in Trustmark in the first quarter worth approximately $3,704,000. Vanguard Group Inc. increased its holdings in Trustmark by 1.4% in the first quarter. Vanguard Group Inc. now owns 6,381,138 shares of the financial services provider’s stock worth $193,923,000 after buying an additional 90,274 shares during the last quarter. Hanson & Doremus Investment Management acquired a new position in Trustmark during the second quarter valued at approximately $2,538,000. Finally, State of New Jersey Common Pension Fund D acquired a new position in Trustmark during the second quarter valued at approximately $2,384,000. Institutional investors and hedge funds own 65.83% of the company’s stock.

Analysts Set New Price Targets

TRMK has been the topic of several analyst reports. DA Davidson initiated coverage on Trustmark in a report on Monday. They set a “neutral” rating and a $38.00 price target on the stock. Hovde Group increased their price target on Trustmark to $38.00 in a report on Tuesday, November 1st. Finally, StockNews.com initiated coverage on Trustmark in a report on Wednesday, October 12th. They set a “hold” rating on the stock.

Trustmark Stock Up 0.1 %

TRMK opened at $35.06 on Friday. Trustmark Co. has a 1-year low of $26.67 and a 1-year high of $38.47. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 16.38 and a beta of 0.86. The business has a 50 day moving average of $35.48 and a 200-day moving average of $33.29.

Trustmark (NASDAQ:TRMKGet Rating) last posted its quarterly earnings data on Tuesday, October 25th. The financial services provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.05. Trustmark had a return on equity of 8.17% and a net margin of 19.12%. The company had revenue of $191.69 million during the quarter, compared to analysts’ expectations of $177.20 million. As a group, sell-side analysts anticipate that Trustmark Co. will post 2.54 earnings per share for the current year.

Trustmark Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Thursday, December 1st were given a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, November 30th. This represents a $0.92 annualized dividend and a yield of 2.62%. Trustmark’s dividend payout ratio (DPR) is currently 42.99%.

Trustmark Profile

(Get Rating)

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 operates through three segments: General Banking, Wealth Management, and Insurance. It offers checking, savings, and money market accounts; certificates of deposits and individual retirement accounts; 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, as well as treasury management services.

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Institutional Ownership by Quarter for Trustmark (NASDAQ:TRMK)

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