Susquehanna Fundamental Investments LLC Acquires New Shares in Trustmark Co. (NASDAQ:TRMK)

Susquehanna Fundamental Investments LLC bought a new position in Trustmark Co. (NASDAQ:TRMK) in the fourth quarter, HoldingsChannel reports. The fund bought 12,930 shares of the financial services provider’s stock, valued at approximately $457,000.

Several other large investors have also recently bought and sold shares of the company. Barclays PLC raised its holdings 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 buying an additional 69,779 shares during the last quarter. Principal Financial Group Inc. increased its position in Trustmark by 6.8% in the 3rd quarter. Principal Financial Group Inc. now owns 598,969 shares of the financial services provider’s stock valued at $19,059,000 after acquiring an additional 37,989 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Trustmark by 10.7% during the third quarter. JPMorgan Chase & Co. now owns 122,956 shares of the financial services provider’s stock valued at $3,912,000 after acquiring an additional 11,934 shares during the last quarter. World Investment Advisors LLC acquired a new position in shares of Trustmark during the third quarter worth $499,000. Finally, CIBC Asset Management Inc bought a new stake in shares of Trustmark in the fourth quarter worth $217,000. 67.64% of the stock is currently owned by institutional investors.

Trustmark Stock Performance

TRMK stock opened at $34.91 on Friday. The firm has a market cap of $2.12 billion, a PE ratio of 9.59 and a beta of 0.67. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.09. The stock has a 50-day moving average price of $33.69 and a 200-day moving average price of $35.65. Trustmark Co. has a 1-year low of $27.42 and a 1-year high of $40.73.

Trustmark (NASDAQ:TRMK) last issued its earnings results on Tuesday, April 22nd. The financial services provider reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.06. The business had revenue of $231.83 million during the quarter, compared to the consensus estimate of $195.38 million. Trustmark had a return on equity of 10.12% and a net margin of 19.42%. As a group, equities research analysts expect that Trustmark Co. will post 3.42 earnings per share for the current year.

Trustmark Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 15th. Investors of record on Sunday, June 1st will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.75%. The ex-dividend date is Friday, May 30th. Trustmark’s dividend payout ratio is presently 25.00%.

Analyst Ratings Changes

Several research analysts recently issued reports on TRMK shares. Hovde Group raised their target price on Trustmark from $36.00 to $37.00 and gave the stock a “market perform” rating in a research report on Monday, April 28th. DA Davidson raised 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 on the stock. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Trustmark from $45.00 to $43.00 and set an “outperform” rating for the company in a report on Thursday, April 24th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Trustmark has a consensus rating of “Hold” and an average price target of $39.80.

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.