Trustmark Corporation $TRMK Shares Purchased by American Century Companies Inc.

American Century Companies Inc. lifted its position in Trustmark Corporation (NASDAQ:TRMK) by 30.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 564,180 shares of the financial services provider’s stock after acquiring an additional 132,023 shares during the quarter. American Century Companies Inc. owned 0.94% of Trustmark worth $22,342,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in TRMK. Arrowstreet Capital Limited Partnership raised its position in shares of Trustmark by 75.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 272,067 shares of the financial services provider’s stock valued at $9,920,000 after acquiring an additional 117,389 shares in the last quarter. Squarepoint Ops LLC boosted its holdings in Trustmark by 256.9% in the second quarter. Squarepoint Ops LLC now owns 137,792 shares of the financial services provider’s stock worth $5,024,000 after purchasing an additional 99,189 shares during the period. Jane Street Group LLC increased its stake in Trustmark by 297.4% during the first quarter. Jane Street Group LLC now owns 124,875 shares of the financial services provider’s stock valued at $4,307,000 after purchasing an additional 93,449 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Trustmark by 17.2% during the first quarter. Goldman Sachs Group Inc. now owns 470,756 shares of the financial services provider’s stock worth $16,236,000 after purchasing an additional 69,110 shares during the period. Finally, AQR Capital Management LLC raised its holdings in shares of Trustmark by 230.8% during the first quarter. AQR Capital Management LLC now owns 97,234 shares of the financial services provider’s stock worth $3,327,000 after purchasing an additional 67,841 shares during the period. 67.64% of the stock is currently owned by institutional investors.

Trustmark Price Performance

NASDAQ TRMK opened at $41.78 on Tuesday. The stock has a market capitalization of $2.46 billion, a PE ratio of 11.26 and a beta of 0.68. The stock has a 50-day simple moving average of $42.24 and a 200 day simple moving average of $40.36. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.87 and a current ratio of 0.89. Trustmark Corporation has a twelve month low of $29.77 and a twelve month high of $45.43.

Trustmark (NASDAQ:TRMK) last issued its quarterly earnings results on Tuesday, January 27th. The financial services provider reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.06. The company had revenue of $209.44 million during the quarter, compared to analyst estimates of $207.05 million. Trustmark had a return on equity of 10.77% and a net margin of 19.95%.During the same period in the previous year, the company earned $0.92 earnings per share. Research analysts anticipate that Trustmark Corporation will post 3.42 EPS for the current year.

Trustmark Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, March 15th. Stockholders of record on Sunday, March 1st will be given a dividend of $0.25 per share. This is an increase from Trustmark’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, February 27th. Trustmark’s dividend payout ratio (DPR) is currently 26.95%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. DA Davidson lifted their price target on shares of Trustmark from $42.00 to $44.00 and gave the company a “neutral” rating in a report on Thursday, January 29th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Trustmark in a research note on Wednesday, January 21st. Hovde Group raised their target price on shares of Trustmark from $42.00 to $44.50 and gave the stock a “market perform” rating in a report on Thursday, January 29th. Finally, Wall Street Zen lowered Trustmark from a “hold” rating to a “sell” rating in a report on Saturday, January 17th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Trustmark presently has an average rating of “Hold” and a consensus price target of $43.83.

Trustmark Profile

Trustmark Corporation is a financial services holding company headquartered in Jackson, Mississippi. Through its principal subsidiary, Trustmark National Bank, the company provides a broad spectrum of commercial and consumer banking services. Trustmark’s offerings include deposit accounts, lending solutions, cash management services, residential and commercial mortgage financing, and credit card processing.

In addition to traditional banking, Trustmark offers trust and wealth management services designed to meet the needs of high-net-worth individuals, families and institutional clients.