New York State Common Retirement Fund grew its position in shares of Trustmark Corporation (NASDAQ:TRMK) by 12.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 526,908 shares of the financial services provider’s stock after buying an additional 58,924 shares during the period. New York State Common Retirement Fund owned 0.78% of Trustmark Corporation worth $16,945,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of Montreal Can grew its stake in shares of Trustmark Corporation by 0.3% during the 1st quarter. Bank of Montreal Can now owns 5,759 shares of the financial services provider’s stock worth $182,000 after acquiring an additional 20 shares during the period. Great West Life Assurance Co. Can raised its stake in Trustmark Corporation by 3.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 38,207 shares of the financial services provider’s stock valued at $1,214,000 after acquiring an additional 1,124 shares during the period. Bank of New York Mellon Corp raised its stake in Trustmark Corporation by 31.5% in the 1st 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 acquiring an additional 285,369 shares during the period. Comerica Bank raised its stake in Trustmark Corporation by 4.6% in the 1st quarter. Comerica Bank now owns 52,089 shares of the financial services provider’s stock valued at $1,757,000 after acquiring an additional 2,295 shares during the period. Finally, UBS Asset Management Americas Inc. raised its stake in Trustmark Corporation by 14.9% in the 1st quarter. UBS Asset Management Americas Inc. now owns 41,774 shares of the financial services provider’s stock valued at $1,328,000 after acquiring an additional 5,422 shares during the period. 62.36% of the stock is currently owned by hedge funds and other institutional investors.

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A number of equities analysts have weighed in on TRMK shares. Zacks Investment Research lowered shares of Trustmark Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, September 19th. Hovde Group cut shares of Trustmark Corporation from an “outperform” rating to a “market perform” rating and set a $34.00 price target on the stock. in a research note on Friday, June 23rd. ValuEngine downgraded shares of Trustmark Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Finally, BidaskClub downgraded shares of Trustmark Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $33.60.

Shares of Trustmark Corporation (NASDAQ TRMK) opened at 33.12 on Monday. Trustmark Corporation has a 1-year low of $26.81 and a 1-year high of $36.79. The stock has a market capitalization of $2.24 billion, a PE ratio of 19.51 and a beta of 1.15. The firm has a 50-day moving average of $30.20 and a 200 day moving average of $31.58.

Trustmark Corporation (NASDAQ:TRMK) last released its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.03. Trustmark Corporation had a return on equity of 8.04% and a net margin of 18.35%. The business had revenue of $157.10 million during the quarter, compared to analyst estimates of $152.57 million. During the same quarter in the previous year, the company posted $0.40 earnings per share. Analysts predict that Trustmark Corporation will post $1.75 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend was Wednesday, August 30th. Trustmark Corporation’s dividend payout ratio is 54.12%.

In other Trustmark Corporation news, insider Charles Scott Woods sold 1,000 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 13,344 shares in the company, valued at approximately $427,008. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.37% of the company’s stock.

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.

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

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