Russell Investments Group Ltd. purchased a new stake in shares of Trustmark Corporation (NASDAQ:TRMK) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 49,568 shares of the financial services provider’s stock, valued at approximately $1,594,000. Russell Investments Group Ltd. owned 0.07% of Trustmark Corporation as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in TRMK. BlackRock Inc. grew its position in Trustmark Corporation by 18,306.5% during the first quarter. BlackRock Inc. now owns 9,862,184 shares of the financial services provider’s stock valued at $313,520,000 after buying an additional 9,808,604 shares during the period. State Street Corp grew its position in Trustmark Corporation by 12.7% during the first quarter. State Street Corp now owns 3,447,765 shares of the financial services provider’s stock valued at $109,605,000 after buying an additional 388,060 shares during the period. Vanguard Group Inc. grew its position in Trustmark Corporation by 5.5% during the first quarter. Vanguard Group Inc. now owns 5,509,048 shares of the financial services provider’s stock valued at $175,133,000 after buying an additional 286,219 shares during the period. Bank of New York Mellon Corp grew its position in Trustmark Corporation by 31.5% during the first quarter. Bank of New York Mellon Corp now owns 1,190,151 shares of the financial services provider’s stock valued at $37,835,000 after buying an additional 285,369 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Trustmark Corporation by 3.8% during the first quarter. Dimensional Fund Advisors LP now owns 4,843,163 shares of the financial services provider’s stock valued at $153,965,000 after buying an additional 179,142 shares during the period. Institutional investors own 62.36% of the company’s stock.

In other news, insider Charles Scott Woods sold 1,000 shares of the company’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $32.00, for a total transaction of $32,000.00. Following the transaction, the insider now directly owns 13,344 shares of the company’s stock, valued at approximately $427,008. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.37% of the company’s stock.

Several analysts recently commented on the stock. Stephens set a $34.00 price target on shares of Trustmark Corporation and gave the company a “hold” rating in a research report on Monday, August 7th. ValuEngine lowered shares of Trustmark Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Zacks Investment Research lowered shares of Trustmark Corporation from a “buy” rating to a “hold” rating in a research report on Thursday. Jefferies Group LLC restated a “hold” rating and set a $35.00 price target on shares of Trustmark Corporation in a research report on Friday, June 9th. Finally, BidaskClub lowered shares of Trustmark Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. Trustmark Corporation has a consensus rating of “Hold” and an average target price of $33.40.

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Trustmark Corporation (NASDAQ:TRMK) traded up 0.85% during trading on Friday, reaching $28.60. 61,418 shares of the company’s stock traded hands. The stock has a market cap of $1.94 billion, a P/E ratio of 16.84 and a beta of 1.15. The firm’s 50 day moving average price is $30.69 and its 200-day moving average price is $31.80. Trustmark Corporation has a one year low of $26.81 and a one year high of $36.79.

Trustmark Corporation (NASDAQ:TRMK) last posted its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $0.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.03. Trustmark Corporation had a net margin of 18.35% and a return on equity of 8.04%. The business had revenue of $157.10 million for the quarter, compared to analysts’ expectations of $152.57 million. During the same period in the prior year, the company posted $0.40 EPS. On average, equities analysts anticipate that Trustmark Corporation will post $1.75 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.24%. Trustmark Corporation’s dividend payout ratio (DPR) is presently 54.12%.

Trustmark Corporation Company 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.

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

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