Trustmark Co. (NASDAQ:TRMK) Shares Bought by WINTON GROUP Ltd

WINTON GROUP Ltd increased its stake in Trustmark Co. (NASDAQ:TRMK) by 59.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 29,655 shares of the financial services provider’s stock after buying an additional 11,017 shares during the quarter. WINTON GROUP Ltd’s holdings in Trustmark were worth $1,049,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of TRMK. Intech Investment Management LLC acquired a new stake in Trustmark in the third quarter valued at approximately $338,000. The Manufacturers Life Insurance Company grew its holdings in Trustmark by 6.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 32,926 shares of the financial services provider’s stock valued at $1,048,000 after purchasing an additional 2,137 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Trustmark during the 3rd quarter worth $327,000. FMR LLC lifted its holdings in Trustmark by 143.4% in the 3rd quarter. FMR LLC now owns 6,851 shares of the financial services provider’s stock worth $218,000 after buying an additional 4,036 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in Trustmark by 93.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 23,767 shares of the financial services provider’s stock valued at $756,000 after buying an additional 11,477 shares during the last quarter. 67.64% of the stock is currently owned by hedge funds and other institutional investors.

Trustmark Price Performance

Shares of TRMK opened at $34.30 on Friday. Trustmark Co. has a 52 week low of $25.41 and a 52 week high of $40.73. 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 firm has a market cap of $2.09 billion, a price-to-earnings ratio of 9.42 and a beta of 0.71. The stock has a 50 day moving average of $35.98 and a 200-day moving average of $35.53.

Trustmark (NASDAQ:TRMK) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.09. Trustmark had a net margin of 19.42% and a return on equity of 10.12%. As a group, analysts forecast that Trustmark Co. will post 3.42 EPS for the current year.

Trustmark Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Saturday, March 1st were paid a dividend of $0.24 per share. This is a positive change from Trustmark’s previous quarterly dividend of $0.23. The ex-dividend date was Friday, February 28th. This represents a $0.96 annualized dividend and a yield of 2.80%. Trustmark’s dividend payout ratio is 26.37%.

Analyst Ratings Changes

Several research analysts recently commented on the company. Keefe, Bruyette & Woods boosted their price target on Trustmark from $45.00 to $47.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. DA Davidson increased their target price on Trustmark from $40.00 to $41.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Finally, 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 target for the company. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Trustmark presently has an average rating of “Hold” and an average target price of $40.60.

Trustmark Company 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.