Trustmark Corporation $TRMK Shares Sold by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC lessened its stake in shares of Trustmark Corporation (NASDAQ:TRMK) by 71.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,100 shares of the financial services provider’s stock after selling 37,070 shares during the quarter. Jackson Creek Investment Advisors LLC’s holdings in Trustmark were worth $598,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of TRMK. Arrowstreet Capital Limited Partnership grew its stake in Trustmark by 75.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 272,067 shares of the financial services provider’s stock worth $9,920,000 after acquiring an additional 117,389 shares during the period. Squarepoint Ops LLC boosted its holdings in shares of Trustmark by 256.9% during the second quarter. Squarepoint Ops LLC now owns 137,792 shares of the financial services provider’s stock worth $5,024,000 after purchasing an additional 99,189 shares during the last quarter. Jane Street Group LLC grew its position in shares of Trustmark by 297.4% in the first quarter. Jane Street Group LLC now owns 124,875 shares of the financial services provider’s stock valued at $4,307,000 after purchasing an additional 93,449 shares during the period. Goldman Sachs Group Inc. increased its stake in Trustmark by 17.2% in the first quarter. Goldman Sachs Group Inc. now owns 470,756 shares of the financial services provider’s stock valued at $16,236,000 after purchasing an additional 69,110 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in Trustmark by 230.8% during the first quarter. AQR Capital Management LLC now owns 97,234 shares of the financial services provider’s stock worth $3,327,000 after buying an additional 67,841 shares during the period. Hedge funds and other institutional investors own 67.64% of the company’s stock.

Trustmark Stock Performance

NASDAQ TRMK opened at $43.01 on Tuesday. The business’s 50-day simple moving average is $40.35 and its 200-day simple moving average is $39.35. The firm has a market capitalization of $2.58 billion, a P/E ratio of 11.59 and a beta of 0.69. Trustmark Corporation has a 1-year low of $29.77 and a 1-year high of $43.55. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.89 and a quick ratio of 0.87.

Trustmark (NASDAQ:TRMK) last posted its quarterly earnings results on Tuesday, January 27th. The financial services provider reported $0.97 EPS for the quarter, beating the consensus estimate of $0.91 by $0.06. Trustmark had a net margin of 19.95% and a return on equity of 10.77%. The firm had revenue of $209.44 million for the quarter, compared to analyst estimates of $207.05 million. During the same quarter last year, the firm posted $0.92 earnings per share. Equities analysts predict that Trustmark Corporation will post 3.42 EPS for the current year.

Trustmark Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, March 15th. Investors of record on Sunday, March 1st will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, February 27th. This is a positive change from Trustmark’s previous quarterly dividend of $0.24. Trustmark’s dividend payout ratio (DPR) is presently 25.88%.

Analyst Ratings Changes

Several analysts have commented on the company. Wall Street Zen cut Trustmark from a “hold” rating to a “sell” rating in a report on Saturday, January 17th. DA Davidson raised their target price on shares of Trustmark from $42.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, January 29th. Weiss Ratings restated a “buy (b-)” rating on shares of Trustmark in a report on Wednesday, January 21st. Finally, Hovde Group increased their price target on shares of Trustmark from $42.00 to $44.50 and gave the stock a “market perform” rating in a research note on Thursday, January 29th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $43.83.

About Trustmark

Trustmark Corporation is a financial services holding company headquartered in Jackson, Mississippi. Through its principal subsidiary, Trustmark National Bank, the company provides a broad spectrum of commercial and consumer banking services. Trustmark’s offerings include deposit accounts, lending solutions, cash management services, residential and commercial mortgage financing, and credit card processing.

In addition to traditional banking, Trustmark offers trust and wealth management services designed to meet the needs of high-net-worth individuals, families and institutional clients.