BNP Paribas Financial Markets Sells 2,018 Shares of Trustmark Co. (NASDAQ:TRMK)

BNP Paribas Financial Markets reduced its position in Trustmark Co. (NASDAQ:TRMKFree Report) by 7.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,728 shares of the financial services provider’s stock after selling 2,018 shares during the quarter. BNP Paribas Financial Markets’ holdings in Trustmark were worth $689,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of TRMK. Headlands Technologies LLC bought a new position in shares of Trustmark in the third quarter valued at approximately $28,000. Arlington Trust Co LLC purchased a new stake in Trustmark in the fourth quarter valued at approximately $84,000. Advisor Resource Council purchased a new stake in Trustmark in the fourth quarter valued at approximately $230,000. Teza Capital Management LLC purchased a new stake in Trustmark in the third quarter valued at approximately $242,000. Finally, Element Wealth LLC purchased a new stake in Trustmark in the fourth quarter valued at approximately $246,000. 67.64% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Piper Sandler reaffirmed a “neutral” rating and issued a $29.00 target price on shares of Trustmark in a research note on Tuesday, March 26th. Keefe, Bruyette & Woods raised shares of Trustmark from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $30.00 to $36.00 in a research note on Thursday, April 25th. StockNews.com raised shares of Trustmark from a “sell” rating to a “hold” rating in a research note on Saturday, April 27th. Truist Financial lifted their price target on shares of Trustmark from $30.00 to $32.00 and gave the stock a “hold” rating in a research note on Friday, April 26th. Finally, DA Davidson lifted their price target on shares of Trustmark from $30.00 to $34.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $32.75.

Get Our Latest Report on TRMK

Trustmark Stock Up 0.1 %

Shares of Trustmark stock opened at $29.15 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.83 and a current ratio of 0.84. Trustmark Co. has a 52-week low of $18.96 and a 52-week high of $31.23. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 11.34 and a beta of 0.78. The company’s 50 day moving average price is $28.62 and its 200-day moving average price is $27.09.

Trustmark (NASDAQ:TRMKGet Free Report) last issued its earnings results on Tuesday, April 23rd. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.08. Trustmark had a net margin of 13.82% and a return on equity of 10.04%. The firm had revenue of $288.55 million for the quarter, compared to analysts’ expectations of $187.03 million. During the same quarter last year, the business earned $0.82 earnings per share. Equities research analysts forecast that Trustmark Co. will post 2.77 EPS for the current year.

Trustmark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 15th. Investors of record on Saturday, June 1st will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend is Friday, May 31st. Trustmark’s dividend payout ratio (DPR) is currently 35.80%.

Trustmark Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Trustmark (NASDAQ:TRMK)

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