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.

Dividend History for Trustmark Corp. (NASDAQ:TRMK)

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.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally published by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.thecerbatgem.com/2016/11/28/trustmark-corp-trmk-to-issue-quarterly-dividend-of-0-23-on-december-15th.html.

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.

5 Day Chart for NASDAQ:TRMK

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