Wipfli Financial Advisors LLC Makes New Investment in Trustmark Co. (NASDAQ:TRMK)

Wipfli Financial Advisors LLC acquired a new position in shares of Trustmark Co. (NASDAQ:TRMKGet Rating) in the 3rd quarter, HoldingsChannel reports. The fund acquired 850 shares of the financial services provider’s stock, valued at approximately $26,000.

Several other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Trustmark by 1.4% during 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 period. Goldman Sachs Group Inc. grew its stake in Trustmark by 39.4% during 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 period. Bank of New York Mellon Corp boosted its stake in shares of Trustmark by 0.3% in the first quarter. Bank of New York Mellon Corp now owns 759,564 shares of the financial services provider’s stock valued at $23,081,000 after purchasing an additional 2,212 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Trustmark by 2.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 650,188 shares of the financial services provider’s stock valued at $19,760,000 after purchasing an additional 18,027 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of Trustmark by 22.1% in the first quarter. Invesco Ltd. now owns 273,109 shares of the financial services provider’s stock valued at $8,301,000 after purchasing an additional 49,454 shares during the period. 65.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on TRMK shares. StockNews.com started coverage on shares of Trustmark in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. DA Davidson started coverage on shares of Trustmark in a research note on Monday, January 9th. They issued a “neutral” rating and a $38.00 target price for the company. Finally, Hovde Group upped their target price on shares of Trustmark to $38.00 in a research note on Tuesday, November 1st.

Trustmark Trading Up 1.2 %

TRMK opened at $33.28 on Friday. The stock has a market capitalization of $2.03 billion, a PE ratio of 15.55 and a beta of 0.86. The firm’s fifty day moving average price is $35.10 and its 200 day moving average price is $33.48. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.80 and a quick ratio of 0.79. Trustmark Co. has a 12-month low of $26.67 and a 12-month high of $38.47.

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

Trustmark Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Thursday, December 1st were issued a $0.23 dividend. The ex-dividend date was Wednesday, November 30th. This represents a $0.92 annualized dividend and a yield of 2.76%. Trustmark’s dividend payout ratio is presently 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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