Public Employees Retirement System of Ohio Sells 256 Shares of Trustmark Corporation (NASDAQ:TRMK)

Public Employees Retirement System of Ohio lowered its stake in Trustmark Corporation (NASDAQ:TRMK) by 6.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,627 shares of the financial services provider’s stock after selling 256 shares during the period. Public Employees Retirement System of Ohio’s holdings in Trustmark Corporation were worth $115,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. State Treasurer State of Michigan boosted its stake in shares of Trustmark Corporation by 1.1% in the first quarter. State Treasurer State of Michigan now owns 27,500 shares of the financial services provider’s stock worth $874,000 after buying an additional 300 shares during the period. Great West Life Assurance Co. Can boosted its stake in shares of Trustmark Corporation by 3.0% in the first quarter. Great West Life Assurance Co. Can now owns 38,207 shares of the financial services provider’s stock worth $1,214,000 after buying an additional 1,124 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Trustmark Corporation by 5.7% in the first quarter. Wells Fargo & Company MN now owns 2,162,191 shares of the financial services provider’s stock worth $68,736,000 after buying an additional 117,103 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in shares of Trustmark Corporation by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 23,343 shares of the financial services provider’s stock worth $742,000 after buying an additional 300 shares during the period. Finally, Breton Hill Capital Ltd. boosted its stake in shares of Trustmark Corporation by 333.9% in the first quarter. Breton Hill Capital Ltd. now owns 31,472 shares of the financial services provider’s stock worth $1,000,000 after buying an additional 24,218 shares during the period. 62.07% of the stock is owned by hedge funds and other institutional investors.

Shares of Trustmark Corporation (TRMK) traded up 1.74% during mid-day trading on Monday, hitting $30.46. The stock had a trading volume of 74,108 shares. The stock’s 50-day moving average is $31.95 and its 200-day moving average is $32.30. The firm has a market capitalization of $2.06 billion, a PE ratio of 17.94 and a beta of 1.13. Trustmark Corporation has a 1-year low of $25.68 and a 1-year high of $36.79.

Trustmark Corporation (NASDAQ:TRMK) last issued its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.03. Trustmark Corporation had a return on equity of 8.04% and a net margin of 18.35%. The company had revenue of $157.10 million during the quarter, compared to the consensus estimate of $152.57 million. During the same period last year, the company earned $0.40 earnings per share. Equities analysts expect that Trustmark Corporation will post $1.75 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.07%. Trustmark Corporation’s dividend payout ratio (DPR) is 54.12%.

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TRMK has been the subject of a number of recent analyst reports. Stephens reaffirmed a “hold” rating on shares of Trustmark Corporation in a research note on Wednesday, April 26th. Hovde Group upped their price target on Trustmark Corporation from $36.00 to $38.00 and gave the company an “outperform” rating in a research note on Thursday, April 27th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $35.00 price target on shares of Trustmark Corporation in a research note on Friday, May 5th. Zacks Investment Research cut Trustmark Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, May 16th. Finally, ValuEngine raised Trustmark Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $34.00.

In other news, insider Duane A. Dewey sold 5,748 shares of the firm’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $30.85, for a total transaction of $177,325.80. Following the completion of the transaction, the insider now directly owns 27,909 shares in the company, valued at $860,992.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Charles Scott Woods sold 1,000 shares of the firm’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $32.00, for a total value of $32,000.00. Following the transaction, the insider now owns 13,344 shares of the company’s stock, valued at $427,008. The disclosure for this sale can be found here. 1.37% of the stock is owned by company insiders.

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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