Fisher Asset Management LLC Purchases 49,540 Shares of Trustmark Corporation $TRMK

Fisher Asset Management LLC raised its position in Trustmark Corporation (NASDAQ:TRMK) by 13.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 413,465 shares of the financial services provider’s stock after acquiring an additional 49,540 shares during the quarter. Fisher Asset Management LLC owned approximately 0.68% of Trustmark worth $15,075,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of TRMK. Wellington Management Group LLP increased its holdings in Trustmark by 34.2% during the 1st quarter. Wellington Management Group LLP now owns 3,318,799 shares of the financial services provider’s stock valued at $114,465,000 after purchasing an additional 846,238 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Trustmark by 11.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 993,941 shares of the financial services provider’s stock worth $34,281,000 after buying an additional 99,134 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Trustmark by 17.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 470,756 shares of the financial services provider’s stock worth $16,236,000 after buying an additional 69,110 shares during the last quarter. Trustmark Bank Trust Department increased its stake in shares of Trustmark by 0.6% during the second quarter. Trustmark Bank Trust Department now owns 300,167 shares of the financial services provider’s stock valued at $10,944,000 after buying an additional 1,788 shares during the period. Finally, Millennium Management LLC raised its holdings in shares of Trustmark by 12.4% during the first quarter. Millennium Management LLC now owns 197,652 shares of the financial services provider’s stock valued at $6,817,000 after acquiring an additional 21,866 shares in the last quarter. 67.64% of the stock is currently owned by hedge funds and other institutional investors.

Trustmark Stock Performance

Shares of TRMK stock opened at $39.28 on Thursday. The company’s fifty day moving average price is $38.54 and its 200-day moving average price is $37.91. The stock has a market cap of $2.36 billion, a PE ratio of 10.73 and a beta of 0.71. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.09. Trustmark Corporation has a 12 month low of $29.77 and a 12 month high of $41.33.

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

Trustmark Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Monday, December 1st. Trustmark’s dividend payout ratio (DPR) is presently 26.23%.

Analyst Ratings Changes

Several research firms recently weighed in on TRMK. Weiss Ratings reiterated a “buy (b-)” rating on shares of Trustmark in a report on Wednesday, October 8th. Zacks Research lowered shares of Trustmark from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Trustmark has an average rating of “Moderate Buy” and a consensus target price of $42.25.

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.