Trustmark Corporation (TRMK) Position Boosted by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company boosted its position in shares of Trustmark Corporation (NASDAQ:TRMK) by 0.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 167,561 shares of the financial services provider’s stock after acquiring an additional 1,382 shares during the period. The Manufacturers Life Insurance Company owned 0.25% of Trustmark Corporation worth $5,389,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of TRMK. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Trustmark Corporation by 9.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,333 shares of the financial services provider’s stock valued at $107,000 after acquiring an additional 296 shares in the last quarter. Creative Planning grew its stake in Trustmark Corporation by 7.0% during the second quarter. Creative Planning now owns 3,705 shares of the financial services provider’s stock valued at $119,000 after acquiring an additional 241 shares in the last quarter. Flinton Capital Management LLC grew its stake in Trustmark Corporation by 37.6% during the second quarter. Flinton Capital Management LLC now owns 4,448 shares of the financial services provider’s stock valued at $143,000 after acquiring an additional 1,216 shares in the last quarter. Integrated Investment Consultants LLC grew its stake in Trustmark Corporation by 13.8% during the second quarter. Integrated Investment Consultants LLC now owns 4,925 shares of the financial services provider’s stock valued at $158,000 after acquiring an additional 598 shares in the last quarter. Finally, LS Investment Advisors LLC grew its stake in Trustmark Corporation by 21.1% during the second quarter. LS Investment Advisors LLC now owns 5,411 shares of the financial services provider’s stock valued at $174,000 after acquiring an additional 941 shares in the last quarter. 62.32% of the stock is owned by institutional investors.

Several equities analysts recently commented on the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $34.00 price objective on shares of Trustmark Corporation in a research note on Thursday. Jefferies Group LLC reissued a “hold” rating and issued a $36.00 price target on shares of Trustmark Corporation in a research note on Thursday, October 12th. Zacks Investment Research cut shares of Trustmark Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. ValuEngine raised shares of Trustmark Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, September 30th. Finally, Stephens set a $34.00 price target on shares of Trustmark Corporation and gave the stock a “hold” rating in a research note on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. Trustmark Corporation currently has an average rating of “Hold” and a consensus target price of $34.40.

Trustmark Corporation (NASDAQ:TRMK) opened at 33.68 on Monday. Trustmark Corporation has a 1-year low of $26.81 and a 1-year high of $36.79. The firm has a 50-day moving average of $32.38 and a 200-day moving average of $31.86. The stock has a market cap of $2.28 billion, a PE ratio of 19.84 and a beta of 1.17.

Trustmark Corporation (NASDAQ:TRMK) last announced its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. Trustmark Corporation had a net margin of 18.56% and a return on equity of 8.21%. The business had revenue of $153.37 million during the quarter, compared to analyst estimates of $154.40 million. During the same period last year, the firm posted $0.47 EPS. Analysts expect that Trustmark Corporation will post $1.75 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date is Thursday, November 30th. Trustmark Corporation’s dividend payout ratio (DPR) is currently 52.57%.

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Trustmark Corporation Profile

Trustmark Corporation is a bank holding company. The Company’s principal subsidiary is Trustmark National Bank (TNB). Through TNB and its subsidiaries, the Company operates as a financial services company providing banking and other financial solutions. It operates through three segments: General Banking, Wealth Management and Insurance.

Institutional Ownership by Quarter for Trustmark Corporation (NASDAQ:TRMK)

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