Trustmark Corp. (TRMK) to Issue Quarterly Dividend of $0.23 on December 15th
Trustmark Corp. (NASDAQ:TRMK) declared a quarterly dividend on Thursday, October 27th. Stockholders of record on Thursday, December 1st will be given a dividend of 0.23 per share by the financial services provider on Thursday, December 15th. This represents a $0.92 annualized dividend and a dividend yield of 2.67%. The ex-dividend date is Tuesday, November 29th.
Trustmark Corp. (NASDAQ:TRMK) opened at 34.48 on Monday. Trustmark Corp. has a 52-week low of $19.75 and a 52-week high of $34.50. The firm has a market capitalization of $2.33 billion, a PE ratio of 21.77 and a beta of 0.92. The stock’s 50 day moving average price is $29.24 and its 200 day moving average price is $26.80.
Trustmark Corp. (NASDAQ:TRMK) last announced its earnings results on Tuesday, October 25th. The financial services provider reported $0.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.02. The firm had revenue of $146.89 million for the quarter, compared to the consensus estimate of $147.15 million. Trustmark Corp. had a return on equity of 7.57% and a net margin of 17.85%. The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.42 EPS. On average, analysts predict that Trustmark Corp. will post $1.59 EPS for the current fiscal year.
Separately, Zacks Investment Research raised Trustmark Corp. from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Wednesday, September 28th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $26.75.
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In related news, insider George C. Gunn III sold 9,000 shares of the business’s stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $31.94, for a total value of $287,460.00. Following the completion of the sale, the insider now directly owns 17,201 shares of the company’s stock, valued at approximately $549,399.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.42% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of TRMK. Profund Advisors LLC raised its stake in shares of Trustmark Corp. by 16.3% in the second quarter. Profund Advisors LLC now owns 15,649 shares of the financial services provider’s stock worth $389,000 after buying an additional 2,198 shares during the last quarter. Ameritas Investment Partners Inc. raised its stake in shares of Trustmark Corp. by 5.1% in the second quarter. Ameritas Investment Partners Inc. now owns 15,905 shares of the financial services provider’s stock worth $395,000 after buying an additional 776 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Trustmark Corp. during the second quarter worth approximately $406,000. Cantab Capital Partners LLP raised its stake in shares of Trustmark Corp. by 270.5% in the second quarter. Cantab Capital Partners LLP now owns 22,921 shares of the financial services provider’s stock worth $570,000 after buying an additional 16,734 shares during the last quarter. Finally, Thrivent Financial for Lutherans purchased a new stake in shares of Trustmark Corp. during the second quarter worth approximately $689,000. 64.17% of the stock is owned by institutional investors and hedge funds.
About Trustmark Corp.
Trustmark Corporation (Trustmark) is a bank holding company. Trustmark’s principal subsidiary is Trustmark National Bank (TNB). Through TNB and other subsidiaries, Trustmark operates as a financial services organization providing banking and other financial solutions through approximately 205 offices in Alabama, Florida, Mississippi, Tennessee and Texas.
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