ProShare Advisors LLC decreased its stake in Trustmark Co. (NASDAQ:TRMK – Get Rating) by 12.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,658 shares of the financial services provider's stock after selling 1,889 shares during the period. ProShare Advisors LLC's holdings in Trustmark were worth $414,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Advisor Group Holdings Inc. lifted its position in shares of Trustmark by 5.7% during the 1st quarter. Advisor Group Holdings Inc. now owns 9,552 shares of the financial services provider's stock valued at $291,000 after acquiring an additional 514 shares during the period. IndexIQ Advisors LLC raised its holdings in Trustmark by 4.3% during the first quarter. IndexIQ Advisors LLC now owns 13,084 shares of the financial services provider's stock worth $398,000 after purchasing an additional 538 shares during the last quarter. Rhumbline Advisers boosted its position in Trustmark by 0.3% during the fourth quarter. Rhumbline Advisers now owns 173,491 shares of the financial services provider's stock worth $5,632,000 after purchasing an additional 557 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in Trustmark by 7.1% in the first quarter. Teacher Retirement System of Texas now owns 12,920 shares of the financial services provider's stock valued at $393,000 after purchasing an additional 855 shares during the last quarter. Finally, Public Sector Pension Investment Board increased its position in shares of Trustmark by 0.8% in the fourth quarter. Public Sector Pension Investment Board now owns 127,200 shares of the financial services provider's stock valued at $4,129,000 after buying an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 66.44% of the company's stock.
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NASDAQ:TRMK opened at $31.19 on Friday. The company has a market capitalization of $1.91 billion, a PE ratio of 17.42 and a beta of 0.87. Trustmark Co. has a 52-week low of $26.67 and a 52-week high of $35.30. The stock has a fifty day simple moving average of $31.45 and a 200-day simple moving average of $30.39. The company has a quick ratio of 0.78, a current ratio of 0.79 and a debt-to-equity ratio of 0.12.
Trustmark (NASDAQ:TRMK – Get Rating) last announced its earnings results on Tuesday, July 26th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.11. The company had revenue of $168.85 million during the quarter, compared to analysts' expectations of $158.20 million. Trustmark had a net margin of 17.01% and a return on equity of 7.15%. During the same quarter in the previous year, the business posted $0.76 earnings per share. On average, equities research analysts expect that Trustmark Co. will post 2.34 earnings per share for the current fiscal year.Trustmark Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date is Wednesday, August 31st. Trustmark's dividend payout ratio (DPR) is presently 51.40%.
Trustmark Company Profile
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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.
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