Cwm LLC Has $117,000 Position in Trustmark Co. (NASDAQ:TRMK)

Cwm LLC lowered its holdings in shares of Trustmark Co. (NASDAQ:TRMK) by 9.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,193 shares of the financial services provider’s stock after selling 436 shares during the period. Cwm LLC’s holdings in Trustmark were worth $117,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of TRMK. Headlands Technologies LLC acquired a new stake in Trustmark during the third quarter worth $28,000. Arlington Trust Co LLC bought a new position in shares of Trustmark during the fourth quarter valued at $84,000. Nisa Investment Advisors LLC lifted its holdings in shares of Trustmark by 1,029.7% during the third quarter. Nisa Investment Advisors LLC now owns 6,055 shares of the financial services provider’s stock valued at $132,000 after acquiring an additional 5,519 shares during the period. Advisor Resource Council bought a new position in shares of Trustmark during the fourth quarter valued at $230,000. Finally, Teza Capital Management LLC bought a new position in shares of Trustmark during the third quarter valued at $242,000. Institutional investors and hedge funds own 67.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. DA Davidson lifted their price objective on Trustmark from $30.00 to $34.00 and gave the company a “neutral” rating in a report on Thursday, April 25th. Piper Sandler reissued a “neutral” rating and set a $29.00 price objective on shares of Trustmark in a report on Tuesday, March 26th. StockNews.com raised Trustmark from a “sell” rating to a “hold” rating in a report on Saturday, April 27th. TheStreet raised Trustmark from a “c+” rating to a “b” rating in a report on Tuesday, January 23rd. Finally, Keefe, Bruyette & Woods raised Trustmark from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $30.00 to $36.00 in a report on Thursday, April 25th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Trustmark currently has an average rating of “Hold” and a consensus price target of $32.75.

Trustmark Stock Performance

Trustmark stock opened at $30.71 on Tuesday. The stock has a 50-day simple moving average of $27.30 and a 200 day simple moving average of $25.98. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.11. Trustmark Co. has a 12-month low of $18.96 and a 12-month high of $31.23. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of 11.95 and a beta of 0.78.

Trustmark (NASDAQ:TRMK) last released its earnings results on Tuesday, April 23rd. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.08. Trustmark had a net margin of 13.82% and a return on equity of 10.04%. The company had revenue of $288.55 million for the quarter, compared to the consensus estimate of $187.03 million. During the same period in the prior year, the company posted $0.82 EPS. On average, research analysts anticipate that Trustmark Co. will post 2.77 earnings per share for the current fiscal year.

Trustmark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, June 15th. Shareholders of record on Saturday, June 1st will be paid a $0.23 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.92 dividend on an annualized basis and a yield of 3.00%. Trustmark’s payout ratio is presently 35.80%.

Trustmark Company Profile

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.