Tanglewood Legacy Advisors LLC Has $106,000 Position in Trustmark Co. (NASDAQ:TRMK)

Tanglewood Legacy Advisors LLC trimmed its stake in Trustmark Co. (NASDAQ:TRMK) by 50.0% in the fourth quarter, HoldingsChannel reports. The firm owned 3,000 shares of the financial services provider’s stock after selling 3,000 shares during the period. Tanglewood Legacy Advisors LLC’s holdings in Trustmark were worth $106,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TRMK. nVerses Capital LLC acquired a new stake in shares of Trustmark in the 3rd quarter valued at about $67,000. Blue Trust Inc. boosted its holdings in Trustmark by 225.2% in the third quarter. Blue Trust Inc. now owns 4,953 shares of the financial services provider’s stock worth $149,000 after acquiring an additional 3,430 shares in the last quarter. Arlington Trust Co LLC grew its stake in Trustmark by 77.0% in the third quarter. Arlington Trust Co LLC now owns 5,309 shares of the financial services provider’s stock valued at $169,000 after acquiring an additional 2,309 shares during the period. Harbor Capital Advisors Inc. increased its holdings in shares of Trustmark by 2.4% during the third quarter. Harbor Capital Advisors Inc. now owns 17,356 shares of the financial services provider’s stock valued at $552,000 after acquiring an additional 415 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. acquired a new position in shares of Trustmark during the third quarter worth approximately $248,000. 67.64% of the stock is owned by institutional investors.

Trustmark Trading Down 0.8 %

Shares of TRMK stock opened at $37.67 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.86 and a current ratio of 0.87. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 10.35 and a beta of 0.76. Trustmark Co. has a 52-week low of $25.24 and a 52-week high of $40.73. The company has a 50-day simple moving average of $36.25 and a two-hundred day simple moving average of $34.90.

Trustmark (NASDAQ:TRMK) last released its earnings results on Tuesday, January 28th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.09. Trustmark had a return on equity of 10.12% and a net margin of 19.42%. Research analysts anticipate that Trustmark Co. will post 3.4 EPS for the current fiscal year.

Trustmark Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Saturday, March 1st will be given a dividend of $0.24 per share. The ex-dividend date is Friday, February 28th. This is a positive change from Trustmark’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 2.55%. Trustmark’s dividend payout ratio (DPR) is currently 25.27%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Janney Montgomery Scott assumed coverage on shares of Trustmark in a research report on Friday, January 24th. They issued a “buy” rating and a $42.00 price target for the company. StockNews.com raised shares of Trustmark from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Keefe, Bruyette & Woods raised their price target on shares of Trustmark from $45.00 to $47.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. Hovde Group lifted their price target on Trustmark from $34.00 to $37.00 and gave the company a “market perform” rating in a research note on Tuesday, October 29th. Finally, DA Davidson increased their price objective on Trustmark from $40.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Trustmark has an average rating of “Hold” and an average price target of $38.67.

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.