Trustmark Corporation $TRMK Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC grew its stake in shares of Trustmark Corporation (NASDAQ:TRMK) by 23.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,228 shares of the financial services provider’s stock after acquiring an additional 419 shares during the quarter. GAMMA Investing LLC’s holdings in Trustmark were worth $81,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in shares of Trustmark in the first quarter valued at about $508,000. Wealth Enhancement Advisory Services LLC acquired a new position in Trustmark during the 4th quarter worth $212,000. Public Employees Retirement System of Ohio grew its stake in Trustmark by 165.7% in the fourth quarter. Public Employees Retirement System of Ohio now owns 3,289 shares of the financial services provider’s stock worth $116,000 after purchasing an additional 2,051 shares in the last quarter. IFP Advisors Inc acquired a new position in shares of Trustmark in the 1st quarter worth approximately $51,000. Finally, CWM LLC boosted its holdings in Trustmark by 9.7% in the first quarter. CWM LLC now owns 5,655 shares of the financial services provider’s stock worth $195,000 after purchasing an additional 502 shares during the period. 67.64% of the stock is currently owned by institutional investors and hedge funds.

Trustmark Trading Down 0.1%

Trustmark stock opened at $39.05 on Friday. Trustmark Corporation has a 12 month low of $29.77 and a 12 month high of $41.33. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of 10.97 and a beta of 0.67. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 0.09. The business has a 50 day moving average price of $39.23 and a two-hundred day moving average price of $36.45.

Trustmark (NASDAQ:TRMK) last issued its earnings results on Tuesday, July 22nd. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.06. Trustmark had a return on equity of 10.81% and a net margin of 19.21%.The business had revenue of $203.44 million during the quarter, compared to analysts’ expectations of $200.35 million. During the same period in the prior year, the firm posted $0.66 EPS. As a group, equities analysts forecast that Trustmark Corporation will post 3.42 EPS for the current year.

Trustmark Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 1st were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.5%. Trustmark’s dividend payout ratio (DPR) is currently 26.97%.

Analyst Ratings Changes

A number of research firms recently issued reports on TRMK. Wall Street Zen lowered Trustmark from a “buy” rating to a “hold” rating in a research report on Saturday, June 7th. Zacks Research lowered shares of Trustmark from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. Hovde Group upped their target price on Trustmark from $37.00 to $41.00 and gave the company a “market perform” rating in a report on Thursday, July 24th. Finally, DA Davidson increased their target price on Trustmark from $39.00 to $43.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $41.00.

Insider Transactions at Trustmark

In other news, Director Marcelo L. Eduardo sold 700 shares of Trustmark stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $38.49, for a total transaction of $26,943.00. Following the completion of the sale, the director owned 8,577 shares in the company, valued at $330,128.73. The trade was a 7.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gerard R. Host sold 1,556 shares of Trustmark stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $40.63, for a total value of $63,220.28. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,226 shares of company stock valued at $897,299. Corporate insiders own 1.50% of the company’s stock.

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.