Ignite Planners LLC Has $535,000 Stock Position in Trustmark Co. (NASDAQ:TRMK)

Ignite Planners LLC reduced its position in shares of Trustmark Co. (NASDAQ:TRMKGet Rating) by 30.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,714 shares of the financial services provider’s stock after selling 7,666 shares during the quarter. Ignite Planners LLC’s holdings in Trustmark were worth $535,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Gibson Wealth Advisors LLC acquired a new position in Trustmark during the 4th quarter worth approximately $149,000. GSA Capital Partners LLP bought a new stake in Trustmark during the 1st quarter worth approximately $210,000. Maple Capital Management Inc. bought a new stake in Trustmark during the 4th quarter worth approximately $233,000. Inspire Investing LLC bought a new stake in Trustmark during the 1st quarter worth approximately $237,000. Finally, Profund Advisors LLC increased its holdings in Trustmark by 22.6% during the 1st quarter. Profund Advisors LLC now owns 8,554 shares of the financial services provider’s stock worth $260,000 after purchasing an additional 1,576 shares in the last quarter. 66.44% of the stock is owned by institutional investors and hedge funds.

Trustmark Stock Down 1.4 %

TRMK traded down $0.46 during midday trading on Friday, reaching $31.50. 4,747 shares of the company were exchanged, compared to its average volume of 220,608. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.78 and a current ratio of 0.79. The company’s fifty day moving average price is $32.09 and its 200 day moving average price is $30.39. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 17.61 and a beta of 0.86. Trustmark Co. has a one year low of $26.67 and a one year high of $35.30.

Trustmark (NASDAQ:TRMKGet Rating) last released its earnings results on Tuesday, July 26th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.11. The company had revenue of $168.85 million during the quarter, compared to analyst estimates of $158.20 million. Trustmark had a return on equity of 7.15% and a net margin of 17.01%. During the same period in the prior year, the company posted $0.76 earnings per share. As a group, analysts expect that Trustmark Co. will post 2.34 EPS for the current year.

Trustmark Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend was Wednesday, August 31st. Trustmark’s dividend payout ratio is presently 51.40%.

Trustmark Company Profile

(Get Rating)

Trustmark Corporation operates as the bank holding company for Trustmark National Bank that provides banking and other financial solutions to individuals and corporate institutions in the United States. The company operates through three segments: General Banking, Wealth Management, and Insurance. It offers checking, savings, and money market accounts; certificates of deposits and individual retirement accounts; financing for commercial and industrial projects, income-producing commercial real estate, owner-occupied real estate, and construction and land development; and installment and real estate loans, and lines of credit, as well as treasury management services.

See Also

Institutional Ownership by Quarter for Trustmark (NASDAQ:TRMK)

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