74,986 Shares in Trustmark Co. (NASDAQ:TRMK) Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. acquired a new position in shares of Trustmark Co. (NASDAQ:TRMK) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 74,986 shares of the financial services provider’s stock, valued at approximately $2,652,000. Edgestream Partners L.P. owned approximately 0.12% of Trustmark as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of TRMK. Wellington Management Group LLP grew its position in Trustmark by 32.6% during the 3rd quarter. Wellington Management Group LLP now owns 1,356,853 shares of the financial services provider’s stock worth $43,175,000 after purchasing an additional 333,390 shares during the last quarter. Verition Fund Management LLC grew its position in Trustmark by 19.8% during the 3rd quarter. Verition Fund Management LLC now owns 778,312 shares of the financial services provider’s stock worth $24,766,000 after purchasing an additional 128,834 shares during the last quarter. Barclays PLC grew its position in Trustmark by 124.7% during the 3rd quarter. Barclays PLC now owns 125,743 shares of the financial services provider’s stock worth $4,001,000 after purchasing an additional 69,779 shares during the last quarter. Principal Financial Group Inc. grew its position in Trustmark by 6.8% during the 3rd quarter. Principal Financial Group Inc. now owns 598,969 shares of the financial services provider’s stock worth $19,059,000 after purchasing an additional 37,989 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Trustmark during the 4th quarter worth approximately $1,145,000. Hedge funds and other institutional investors own 67.64% of the company’s stock.

Trustmark Stock Performance

NASDAQ:TRMK opened at $34.54 on Monday. 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 fifty day moving average of $36.15 and a two-hundred day moving average of $35.39. The stock has a market capitalization of $2.10 billion, a PE ratio of 9.49 and a beta of 0.71. Trustmark Co. has a fifty-two week low of $25.24 and a fifty-two week high of $40.73.

Trustmark (NASDAQ:TRMK) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.92 earnings per share 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%. As a group, research analysts forecast that Trustmark Co. will post 3.42 earnings per share for the current fiscal year.

Trustmark Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Saturday, March 1st will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from Trustmark’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a yield of 2.78%. Trustmark’s dividend payout ratio is currently 26.37%.

Analysts Set New Price Targets

Several analysts have recently commented on TRMK shares. Janney Montgomery Scott started coverage on shares of Trustmark in a report on Friday, January 24th. They issued a “buy” rating and a $42.00 price objective on the stock. DA Davidson upped their price objective on shares of Trustmark from $40.00 to $41.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Trustmark from $45.00 to $47.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Trustmark has an average rating of “Hold” and a consensus price target of $38.67.

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.