17,194 Shares in Trustmark Co. (NASDAQ:TRMK) Bought by XTX Topco Ltd

XTX Topco Ltd purchased a new stake in Trustmark Co. (NASDAQ:TRMK) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 17,194 shares of the financial services provider’s stock, valued at approximately $608,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in Trustmark by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 6,686,247 shares of the financial services provider’s stock valued at $236,493,000 after acquiring an additional 30,057 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Trustmark by 82.2% in the 4th quarter. Wellington Management Group LLP now owns 2,472,561 shares of the financial services provider’s stock valued at $87,454,000 after purchasing an additional 1,115,708 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Trustmark by 1.1% during the third quarter. Geode Capital Management LLC now owns 1,461,545 shares of the financial services provider’s stock worth $46,515,000 after buying an additional 15,627 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Trustmark by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 894,807 shares of the financial services provider’s stock worth $31,649,000 after buying an additional 6,683 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Trustmark by 6.8% in the third quarter. Principal Financial Group Inc. now owns 598,969 shares of the financial services provider’s stock valued at $19,059,000 after buying an additional 37,989 shares during the period. Institutional investors and hedge funds own 67.64% of the company’s stock.

Trustmark Price Performance

Shares of TRMK opened at $32.75 on Friday. The stock has a market cap of $1.99 billion, a P/E ratio of 9.00 and a beta of 0.67. The business’s fifty day moving average is $34.51 and its 200 day moving average is $35.53. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.09. Trustmark Co. has a 12-month low of $25.62 and a 12-month high of $40.73.

Trustmark (NASDAQ:TRMK) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $0.92 EPS for the quarter, topping the consensus estimate of $0.83 by $0.09. Trustmark had a net margin of 19.42% and a return on equity of 10.12%. Sell-side analysts anticipate 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. Investors of record on Saturday, March 1st were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.96 annualized dividend and a yield of 2.93%. This is an increase from Trustmark’s previous quarterly dividend of $0.23. Trustmark’s dividend payout ratio is 26.37%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TRMK. DA Davidson lifted their price objective on Trustmark from $40.00 to $41.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Janney Montgomery Scott assumed coverage on Trustmark in a report on Friday, January 24th. They issued a “buy” rating and a $42.00 target price for the company. Finally, Keefe, Bruyette & Woods increased their price target on Trustmark from $45.00 to $47.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Trustmark has an average rating of “Hold” and a consensus price target of $40.60.

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.