Trustmark Co. (NASDAQ:TRMK) Stake Lifted by Prudential Financial Inc.

Prudential Financial Inc. increased its position in shares of Trustmark Co. (NASDAQ:TRMK) by 0.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,730 shares of the financial services provider’s stock after purchasing an additional 896 shares during the period. Prudential Financial Inc. owned 0.17% of Trustmark worth $3,881,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in TRMK. Jones Financial Companies Lllp bought a new stake in shares of Trustmark in the 4th quarter worth $37,000. KBC Group NV grew its holdings in Trustmark by 43.0% during the fourth quarter. KBC Group NV now owns 3,163 shares of the financial services provider’s stock worth $112,000 after acquiring an additional 951 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in Trustmark in the third quarter worth about $130,000. Point72 DIFC Ltd acquired a new stake in Trustmark in the 3rd quarter valued at about $170,000. Finally, Cibc World Markets Corp bought a new position in shares of Trustmark during the 4th quarter valued at about $201,000. 67.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TRMK has been the subject of a number of research reports. Janney Montgomery Scott assumed coverage on shares of Trustmark in a report on Friday, January 24th. They set a “buy” rating and a $42.00 target price for the company. DA Davidson raised 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. Finally, Keefe, Bruyette & Woods boosted their target price on Trustmark from $45.00 to $47.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Trustmark currently has a consensus rating of “Hold” and an average price target of $40.60.

Trustmark Stock Up 0.1 %

NASDAQ:TRMK opened at $34.51 on Wednesday. The business’s fifty day moving average price is $35.97 and its 200 day moving average price is $35.62. The firm has a market capitalization of $2.10 billion, a price-to-earnings ratio of 9.48 and a beta of 0.71. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.09. Trustmark Co. has a 1-year low of $25.41 and a 1-year high of $40.73.

Trustmark (NASDAQ:TRMK) last posted its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.09. Trustmark had a net margin of 19.42% and a return on equity of 10.12%. On average, sell-side analysts forecast that Trustmark Co. will post 3.42 earnings per share for the current fiscal year.

Trustmark Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Saturday, March 1st were paid a $0.24 dividend. The ex-dividend date was Friday, February 28th. This is an increase from Trustmark’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.78%. Trustmark’s dividend payout ratio is 26.37%.

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.