XTX Topco Ltd Takes $608,000 Position in Trustmark Co. (NASDAQ:TRMK)

XTX Topco Ltd purchased a new stake in shares of Trustmark Co. (NASDAQ:TRMK) in the fourth quarter, Holdings Channel reports. The firm purchased 17,194 shares of the financial services provider’s stock, valued at approximately $608,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Trustmark by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 6,686,247 shares of the financial services provider’s stock worth $236,493,000 after purchasing an additional 30,057 shares during the period. Wellington Management Group LLP increased its holdings in Trustmark by 82.2% during the fourth quarter. Wellington Management Group LLP now owns 2,472,561 shares of the financial services provider’s stock worth $87,454,000 after buying an additional 1,115,708 shares during the last quarter. Geode Capital Management LLC raised its position in Trustmark by 1.1% in the third quarter. Geode Capital Management LLC now owns 1,461,545 shares of the financial services provider’s stock worth $46,515,000 after acquiring an additional 15,627 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Trustmark by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 894,807 shares of the financial services provider’s stock valued at $31,649,000 after acquiring an additional 6,683 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Trustmark by 6.8% during the 3rd quarter. Principal Financial Group Inc. now owns 598,969 shares of the financial services provider’s stock valued at $19,059,000 after acquiring an additional 37,989 shares during the period. Hedge funds and other institutional investors own 67.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on TRMK shares. Keefe, Bruyette & Woods upped their price objective on Trustmark from $45.00 to $47.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. DA Davidson boosted 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 began coverage on Trustmark in a research note 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 given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $40.60.

Trustmark Price Performance

Trustmark stock opened at $32.75 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.87 and a quick ratio of 0.86. Trustmark Co. has a one year low of $25.62 and a one year high of $40.73. The firm has a market capitalization of $1.99 billion, a P/E ratio of 9.00 and a beta of 0.67. The business has a fifty day moving average price of $34.51 and a 200-day moving average price of $35.53.

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

Trustmark Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Saturday, March 1st were paid a $0.24 dividend. The ex-dividend date was Friday, February 28th. This is a boost from Trustmark’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 2.93%. Trustmark’s dividend payout ratio is currently 26.37%.

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.