Trustmark Co. (NASDAQ:TRMK) Shares Sold by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC decreased its holdings in Trustmark Co. (NASDAQ:TRMK) by 3.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 45,854 shares of the financial services provider’s stock after selling 1,426 shares during the quarter. Jackson Creek Investment Advisors LLC owned 0.07% of Trustmark worth $1,622,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Jones Financial Companies Lllp acquired a new position in shares of Trustmark in the 4th quarter valued at $37,000. GoalVest Advisory LLC acquired a new stake in shares of Trustmark during the third quarter valued at approximately $63,000. KBC Group NV lifted its position in shares of Trustmark by 43.0% in the 4th quarter. KBC Group NV now owns 3,163 shares of the financial services provider’s stock valued at $112,000 after acquiring an additional 951 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Trustmark during the 3rd quarter worth approximately $130,000. Finally, Point72 DIFC Ltd acquired a new stake in Trustmark during the 3rd quarter valued at $170,000. Institutional investors and hedge funds own 67.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TRMK. DA Davidson upped their price target on Trustmark from $40.00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Keefe, Bruyette & Woods boosted their price objective 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. Finally, Janney Montgomery Scott began coverage on shares of Trustmark in a research report on Friday, January 24th. They issued a “buy” rating and a $42.00 target price for the company. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Trustmark has an average rating of “Hold” and an average price target of $38.67.

Trustmark Price Performance

NASDAQ TRMK opened at $34.71 on Friday. The firm has a market cap of $2.11 billion, a P/E ratio of 9.54 and a beta of 0.76. The stock’s 50-day moving average is $36.21 and its two-hundred day moving average is $35.35. Trustmark Co. has a fifty-two week low of $25.24 and a fifty-two week high of $40.73. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.87 and a quick ratio of 0.86.

Trustmark (NASDAQ:TRMK) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $0.92 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%. On average, analysts anticipate that Trustmark Co. will post 3.42 earnings per share for the current fiscal year.

Trustmark Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Saturday, March 1st will be given a $0.24 dividend. This is an increase from Trustmark’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend is Friday, February 28th. Trustmark’s dividend payout ratio (DPR) is currently 26.37%.

About Trustmark

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.