Trustmark Corporation (TRMK) Shares Sold by First Trust Advisors LP

First Trust Advisors LP decreased its stake in shares of Trustmark Corporation (NASDAQ:TRMK) by 11.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 135,727 shares of the financial services provider’s stock after selling 16,716 shares during the quarter. First Trust Advisors LP owned approximately 0.20% of Trustmark Corporation worth $4,495,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Susquehanna International Group LLP lifted its holdings in Trustmark Corporation by 23.3% during the 2nd quarter. Susquehanna International Group LLP now owns 67,457 shares of the financial services provider’s stock valued at $2,170,000 after buying an additional 12,757 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in Trustmark Corporation by 12.8% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 7,436 shares of the financial services provider’s stock valued at $239,000 after buying an additional 844 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Trustmark Corporation by 0.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 167,561 shares of the financial services provider’s stock valued at $5,389,000 after buying an additional 1,382 shares in the last quarter. Earnest Partners LLC lifted its holdings in Trustmark Corporation by 16.9% during the 2nd quarter. Earnest Partners LLC now owns 2,026,880 shares of the financial services provider’s stock valued at $65,184,000 after buying an additional 292,290 shares in the last quarter. Finally, Sciencast Management LP bought a new stake in Trustmark Corporation during the 2nd quarter valued at about $264,000. Institutional investors own 62.37% of the company’s stock.

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Trustmark Corporation (NASDAQ TRMK) opened at $32.46 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 0.04. The company has a market cap of $2,200.00, a PE ratio of 17.20 and a beta of 1.16. Trustmark Corporation has a 12-month low of $28.16 and a 12-month high of $36.79.

Trustmark Corporation (NASDAQ:TRMK) last posted its earnings results on Tuesday, October 24th. The financial services provider reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The business had revenue of $153.37 million for the quarter, compared to the consensus estimate of $154.40 million. Trustmark Corporation had a net margin of 18.56% and a return on equity of 8.21%. During the same quarter last year, the firm posted $0.47 EPS. equities research analysts expect that Trustmark Corporation will post 1.91 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend is Thursday, November 30th. Trustmark Corporation’s dividend payout ratio (DPR) is 52.57%.

A number of brokerages recently weighed in on TRMK. ValuEngine lowered shares of Trustmark Corporation from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Stephens set a $34.00 price objective on shares of Trustmark Corporation and gave the company a “hold” rating in a report on Monday, August 7th. Zacks Investment Research lowered shares of Trustmark Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th. BidaskClub lowered shares of Trustmark Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $34.00 price objective on shares of Trustmark Corporation in a report on Thursday, October 26th. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. Trustmark Corporation has an average rating of “Hold” and an average price target of $34.40.

Trustmark Corporation Company Profile

Trustmark Corporation is a bank holding company. The Company’s principal subsidiary is Trustmark National Bank (TNB). Through TNB and its subsidiaries, the Company operates as a financial services company providing banking and other financial solutions. It operates through three segments: General Banking, Wealth Management and Insurance.

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Institutional Ownership by Quarter for Trustmark Corporation (NASDAQ:TRMK)

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