LPL Financial LLC Has $2.28 Million Stock Holdings in Trustmark Co. (NASDAQ:TRMK)

LPL Financial LLC lifted its position in shares of Trustmark Co. (NASDAQ:TRMK) by 25.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,387 shares of the financial services provider’s stock after purchasing an additional 12,890 shares during the period. LPL Financial LLC owned about 0.11% of Trustmark worth $2,277,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in TRMK. Edgestream Partners L.P. bought a new stake in shares of Trustmark in the 4th quarter valued at about $2,652,000. Barclays PLC lifted its stake in shares of Trustmark by 124.7% in the third quarter. Barclays PLC now owns 125,743 shares of the financial services provider’s stock worth $4,001,000 after acquiring an additional 69,779 shares during the period. Thrivent Financial for Lutherans boosted its holdings in Trustmark by 134.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 112,831 shares of the financial services provider’s stock valued at $3,991,000 after acquiring an additional 64,766 shares during the last quarter. Principal Financial Group Inc. increased its position in Trustmark by 6.8% during the 3rd quarter. Principal Financial Group Inc. now owns 598,969 shares of the financial services provider’s stock valued at $19,059,000 after purchasing an additional 37,989 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Trustmark during the 4th quarter valued at approximately $1,145,000. Institutional investors and hedge funds own 67.64% of the company’s stock.

Trustmark Trading Up 1.5 %

TRMK opened at $31.69 on Tuesday. The company has a market cap of $1.93 billion, a P/E ratio of 8.71 and a beta of 0.67. The company has a fifty day moving average price of $34.86 and a two-hundred day moving average price of $35.57. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.09. Trustmark Co. has a 1-year low of $25.41 and a 1-year high of $40.73.

Trustmark (NASDAQ:TRMK) last posted its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.09. Trustmark had a return on equity of 10.12% and a net margin of 19.42%. Analysts predict that Trustmark Co. will post 3.42 EPS for the current fiscal year.

Trustmark Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Saturday, March 1st were issued a $0.24 dividend. This is a boost from Trustmark’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date was Friday, February 28th. Trustmark’s dividend payout ratio (DPR) is currently 26.37%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on TRMK shares. Keefe, Bruyette & Woods upped their price objective on shares of Trustmark from $45.00 to $47.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. Janney Montgomery Scott assumed coverage on shares of Trustmark in a report on Friday, January 24th. They issued a “buy” rating and a $42.00 target price on the stock. Finally, DA Davidson lifted their price objective on Trustmark from $40.00 to $41.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $40.60.

Trustmark 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.