Swiss National Bank Buys 800 Shares of Trustmark Co. (NASDAQ:TRMK)

Swiss National Bank grew its stake in Trustmark Co. (NASDAQ:TRMK) by 0.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 114,400 shares of the financial services provider’s stock after acquiring an additional 800 shares during the period. Swiss National Bank’s holdings in Trustmark were worth $4,046,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC boosted its stake in Trustmark by 124.7% in the 3rd quarter. Barclays PLC now owns 125,743 shares of the financial services provider’s stock valued at $4,001,000 after purchasing an additional 69,779 shares during the period. Principal Financial Group Inc. raised its position in shares of 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 in the last quarter. JPMorgan Chase & Co. increased its position in shares of Trustmark by 10.7% in the third quarter. JPMorgan Chase & Co. now owns 122,956 shares of the financial services provider’s stock worth $3,912,000 after purchasing an additional 11,934 shares during the period. State Street Corp raised its stake in Trustmark by 0.8% in the third quarter. State Street Corp now owns 3,090,988 shares of the financial services provider’s stock valued at $98,355,000 after purchasing an additional 24,450 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in 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 purchasing an additional 15,627 shares during the period. Institutional investors and hedge funds own 67.64% of the company’s stock.

Trustmark Stock Up 0.2 %

Trustmark stock opened at $35.17 on Wednesday. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of 9.66 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. The firm’s fifty day moving average price is $35.99 and its two-hundred day moving average price is $35.50.

Trustmark (NASDAQ:TRMK) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.92 EPS for the quarter, beating 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%. On average, equities research analysts predict that Trustmark Co. will post 3.42 earnings per share for the current fiscal year.

Trustmark Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Saturday, March 1st were paid a $0.24 dividend. The ex-dividend date was Friday, February 28th. This is a positive change from Trustmark’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 2.73%. Trustmark’s payout ratio is presently 26.37%.

Analyst Ratings Changes

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

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.