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Trustmark (NASDAQ:TRMK) Share Price Crosses Above 200-Day Moving Average of $30.35

Defense World ·  09/20 14:31

Trustmark Co. (NASDAQ:TRMK – Get Rating) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $30.35 and traded as high as $32.76. Trustmark shares last traded at $32.54, with a volume of 308,119 shares trading hands.

Trustmark Trading Up 1.1 %

The business has a 50 day simple moving average of $31.93 and a two-hundred day simple moving average of $30.35. 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 stock has a market cap of $1.99 billion, a price-to-earnings ratio of 18.18 and a beta of 0.86.

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Trustmark (NASDAQ:TRMK – Get Rating) last issued its quarterly earnings data on Tuesday, July 26th. The financial services provider reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.11. Trustmark had a return on equity of 7.15% and a net margin of 17.01%. The firm had revenue of $168.85 million during the quarter, compared to analyst estimates of $158.20 million. During the same quarter last year, the firm earned $0.76 EPS. As a group, equities analysts anticipate that Trustmark Co. will post 2.34 EPS for the current year.

Trustmark Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend was Wednesday, August 31st. Trustmark's dividend payout ratio is presently 51.40%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Barclays PLC lifted its holdings in Trustmark by 73.4% during the 4th quarter. Barclays PLC now owns 135,768 shares of the financial services provider's stock worth $4,407,000 after buying an additional 57,485 shares during the last quarter. American Century Companies Inc. lifted its holdings in Trustmark by 27.5% during the 1st quarter. American Century Companies Inc. now owns 231,861 shares of the financial services provider's stock worth $7,046,000 after buying an additional 50,022 shares during the last quarter. Rhumbline Advisers lifted its holdings in Trustmark by 0.3% during the 4th quarter. Rhumbline Advisers now owns 173,491 shares of the financial services provider's stock worth $5,632,000 after buying an additional 557 shares during the last quarter. SummerHaven Investment Management LLC lifted its holdings in shares of Trustmark by 4.5% in the 1st quarter. SummerHaven Investment Management LLC now owns 28,173 shares of the financial services provider's stock worth $856,000 after purchasing an additional 1,222 shares during the last quarter. Finally, Pinz Capital Management LP bought a new stake in shares of Trustmark in the 1st quarter worth approximately $1,004,000. Institutional investors own 66.44% of the company's stock.

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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