Trustmark Corp (TRMK) Position Lifted by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio boosted its holdings in Trustmark Corp (NASDAQ:TRMK) by 107.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,468 shares of the financial services provider’s stock after acquiring an additional 3,870 shares during the period. Public Employees Retirement System of Ohio’s holdings in Trustmark were worth $247,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TRMK. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Trustmark by 9.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,333 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 296 shares during the period. Flinton Capital Management LLC raised its position in Trustmark by 37.6% in the second quarter. Flinton Capital Management LLC now owns 4,448 shares of the financial services provider’s stock valued at $143,000 after purchasing an additional 1,216 shares during the period. Crossmark Global Holdings Inc. purchased a new stake in Trustmark in the third quarter valued at approximately $202,000. Riverhead Capital Management LLC raised its position in Trustmark by 38.5% in the second quarter. Riverhead Capital Management LLC now owns 7,065 shares of the financial services provider’s stock valued at $227,000 after purchasing an additional 1,965 shares during the period. Finally, Raymond James Financial Services Advisors Inc. raised its position in Trustmark by 12.8% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 7,436 shares of the financial services provider’s stock valued at $239,000 after purchasing an additional 844 shares during the period. Hedge funds and other institutional investors own 62.54% of the company’s stock.

Shares of Trustmark Corp (NASDAQ:TRMK) opened at $32.16 on Tuesday. The stock has a market capitalization of $2,168.43, a P/E ratio of 18.38 and a beta of 1.16. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.76 and a quick ratio of 0.74. Trustmark Corp has a 12-month low of $28.16 and a 12-month high of $35.32.

Trustmark (NASDAQ:TRMK) last announced its earnings results 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 had a return on equity of 8.21% and a net margin of 18.56%. The company had revenue of $153.37 million for the quarter, compared to analyst estimates of $154.40 million. During the same quarter in the previous year, the company earned $0.47 earnings per share. equities research analysts expect that Trustmark Corp will post 1.92 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date was Thursday, November 30th. Trustmark’s dividend payout ratio is currently 52.57%.

TRMK has been the topic of a number of research analyst reports. ValuEngine lowered Trustmark from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. BidaskClub raised Trustmark from a “sell” rating to a “hold” rating in a research report on Friday, December 22nd. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $34.00 target price on shares of Trustmark in a research report on Thursday, October 26th. Zacks Investment Research raised Trustmark from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research report on Wednesday, September 20th. Finally, Jefferies Group reissued a “hold” rating and issued a $36.00 target price on shares of Trustmark in a research report on Thursday, October 12th. Two research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. The stock has an average rating of “Hold” and an average target price of $34.40.

TRADEMARK VIOLATION WARNING: This piece was originally published by Community Financial News and is owned by of Community Financial News. If you are viewing this piece on another site, it was illegally copied and republished in violation of US & international copyright law. The legal version of this piece can be read at https://www.com-unik.info/2018/01/09/trustmark-corp-trmk-position-lifted-by-public-employees-retirement-system-of-ohio.html.

About Trustmark

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 (NASDAQ:TRMK)

Receive News & Ratings for Trustmark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trustmark and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit