11,938 Shares in Trustmark Corporation $TRMK Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC purchased a new position in Trustmark Corporation (NASDAQ:TRMK) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 11,938 shares of the financial services provider’s stock, valued at approximately $549,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rockefeller Capital Management L.P. lifted its stake in shares of Trustmark by 1,129.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 848 shares of the financial services provider’s stock worth $33,000 after buying an additional 779 shares during the last quarter. Meeder Asset Management Inc. bought a new position in Trustmark during the fourth quarter valued at about $36,000. EverSource Wealth Advisors LLC raised its stake in shares of Trustmark by 452.2% in the second quarter. EverSource Wealth Advisors LLC now owns 1,248 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 1,022 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in Trustmark during the second quarter valued at approximately $63,000. Finally, Kestra Advisory Services LLC bought a new position in shares of Trustmark during the 4th quarter worth approximately $55,000. Institutional investors own 67.64% of the company’s stock.

Trustmark Trading Up 0.1%

TRMK stock opened at $46.27 on Friday. Trustmark Corporation has a 52 week low of $36.33 and a 52 week high of $49.00. The company’s 50-day simple moving average is $46.79 and its 200 day simple moving average is $44.79. The company has a market capitalization of $2.69 billion, a PE ratio of 11.74 and a beta of 0.65. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.87 and a current ratio of 0.89.

Trustmark (NASDAQ:TRMK) last issued its quarterly earnings results on Tuesday, July 28th. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.01. The business had revenue of $213.38 million during the quarter, compared to analysts’ expectations of $210.30 million. Trustmark had a return on equity of 10.69% and a net margin of 20.75%.The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.92 earnings per share. As a group, sell-side analysts anticipate that Trustmark Corporation will post 3.93 earnings per share for the current year.

Trustmark Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Tuesday, September 1st. Trustmark’s dividend payout ratio is 25.38%.

Analyst Upgrades and Downgrades

TRMK has been the subject of several recent analyst reports. Piper Sandler raised their price objective on shares of Trustmark from $45.50 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. DA Davidson lifted their target price on shares of Trustmark from $46.00 to $48.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. Weiss Ratings raised shares of Trustmark from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday, August 14th. Finally, Wall Street Zen raised shares of Trustmark from a “sell” rating to a “hold” rating in a research note on Sunday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $46.12.

Trustmark Profile

Trustmark Corporation is a financial services holding company headquartered in Jackson, Mississippi. Through its principal subsidiary, Trustmark National Bank, the company provides a broad spectrum of commercial and consumer banking services. Trustmark’s offerings include deposit accounts, lending solutions, cash management services, residential and commercial mortgage financing, and credit card processing.

In addition to traditional banking, Trustmark offers trust and wealth management services designed to meet the needs of high-net-worth individuals, families and institutional clients.