American Century Companies Inc. lifted its position in shares of Trustmark Co. (NASDAQ:TRMK – Get Rating) by 27.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 231,861 shares of the financial services provider's stock after purchasing an additional 50,022 shares during the quarter. American Century Companies Inc. owned approximately 0.38% of Trustmark worth $7,046,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp grew its holdings in shares of Trustmark by 0.3% during the 1st quarter. Bank of New York Mellon Corp now owns 759,564 shares of the financial services provider's stock worth $23,081,000 after purchasing an additional 2,212 shares in the last quarter. State of Tennessee Treasury Department grew its holdings in shares of Trustmark by 41.2% during the 1st quarter. State of Tennessee Treasury Department now owns 40,587 shares of the financial services provider's stock worth $1,233,000 after purchasing an additional 11,847 shares in the last quarter. Raymond James & Associates grew its holdings in shares of Trustmark by 33.0% during the 1st quarter. Raymond James & Associates now owns 23,785 shares of the financial services provider's stock worth $723,000 after purchasing an additional 5,898 shares in the last quarter. WINTON GROUP Ltd grew its holdings in shares of Trustmark by 17.0% during the 1st quarter. WINTON GROUP Ltd now owns 41,147 shares of the financial services provider's stock worth $1,250,000 after purchasing an additional 5,991 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in shares of Trustmark during the 1st quarter worth approximately $210,000. Institutional investors and hedge funds own 66.44% of the company's stock.Get Trustmark alerts:
Trustmark Price Performance
Shares of NASDAQ:TRMK opened at $31.19 on Friday. The business's 50 day moving average is $31.45 and its 200-day moving average is $30.39. The company has a current ratio of 0.79, a quick ratio of 0.78 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $1.91 billion, a PE ratio of 17.42 and a beta of 0.87. Trustmark Co. has a 1-year low of $26.67 and a 1-year high of $35.30.Trustmark (NASDAQ:TRMK – Get Rating) last announced its quarterly earnings results on Tuesday, July 26th. The financial services provider reported $0.56 EPS for the quarter, beating the consensus estimate of $0.45 by $0.11. The business had revenue of $168.85 million for the quarter, compared to analyst estimates of $158.20 million. Trustmark had a return on equity of 7.15% and a net margin of 17.01%. During the same quarter in the previous year, the firm earned $0.76 EPS. Sell-side analysts predict that Trustmark Co. will post 2.34 earnings per share for the current year.
Trustmark Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.95%. The ex-dividend date of this dividend is Wednesday, August 31st. Trustmark's dividend payout ratio is 51.40%.
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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