American Century Companies Inc. Has $15.76 Million Position in Trustmark Corporation $TRMK

American Century Companies Inc. lessened its position in Trustmark Corporation (NASDAQ:TRMK) by 24.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 432,157 shares of the financial services provider’s stock after selling 138,989 shares during the quarter. American Century Companies Inc. owned approximately 0.72% of Trustmark worth $15,756,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Trustmark in the second quarter valued at approximately $241,000. State of Alaska Department of Revenue boosted its holdings in Trustmark by 6.4% during the second quarter. State of Alaska Department of Revenue now owns 35,981 shares of the financial services provider’s stock worth $1,311,000 after purchasing an additional 2,177 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in Trustmark in the second quarter valued at $606,000. GAMMA Investing LLC increased its stake in Trustmark by 23.2% in the 2nd quarter. GAMMA Investing LLC now owns 2,228 shares of the financial services provider’s stock valued at $81,000 after buying an additional 419 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in Trustmark during the 2nd quarter worth about $251,000. Institutional investors own 67.64% of the company’s stock.

Trustmark Stock Down 0.7%

Trustmark stock opened at $38.56 on Wednesday. The company’s 50-day moving average price is $38.56 and its two-hundred day moving average price is $37.90. 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 stock has a market cap of $2.31 billion, a P/E ratio of 10.54 and a beta of 0.71. Trustmark Corporation has a twelve month low of $29.77 and a twelve month high of $41.33.

Trustmark (NASDAQ:TRMK) last posted its earnings results on Tuesday, October 28th. The financial services provider reported $0.94 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.01). The firm had revenue of $207.53 million during the quarter, compared to analyst estimates of $206.13 million. Trustmark had a net margin of 19.82% and a return on equity of 10.90%. Trustmark’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.84 EPS. As a group, analysts expect that Trustmark Corporation will post 3.42 EPS for the current year.

Trustmark Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a dividend of $0.24 per share. The ex-dividend date is Monday, December 1st. This represents a $0.96 annualized dividend and a yield of 2.5%. Trustmark’s dividend payout ratio (DPR) is presently 26.23%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on TRMK shares. Zacks Research cut Trustmark from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 23rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Trustmark in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.25.

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.