WINTON GROUP Ltd Sells 12,263 Shares of Trustmark Co. (NASDAQ:TRMK)

WINTON GROUP Ltd lowered its stake in shares of Trustmark Co. (NASDAQ:TRMK) by 60.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,875 shares of the financial services provider’s stock after selling 12,263 shares during the quarter. WINTON GROUP Ltd’s holdings in Trustmark were worth $237,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System grew its holdings in Trustmark by 101.7% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 35,048 shares of the financial services provider’s stock worth $985,000 after acquiring an additional 17,670 shares during the last quarter. Rafferty Asset Management LLC boosted its stake in shares of Trustmark by 79.2% in the 4th quarter. Rafferty Asset Management LLC now owns 68,202 shares of the financial services provider’s stock valued at $1,901,000 after purchasing an additional 30,134 shares during the last quarter. Wakefield Asset Management LLLP bought a new position in shares of Trustmark in the 1st quarter valued at about $949,000. Kennedy Capital Management LLC bought a new position in shares of Trustmark in the 1st quarter valued at about $2,604,000. Finally, Wellington Management Group LLP bought a new position in shares of Trustmark in the 4th quarter valued at about $12,572,000. Institutional investors own 67.64% of the company’s stock.

Trustmark Stock Up 0.2 %

Trustmark stock opened at $32.75 on Thursday. The company’s 50 day simple moving average is $32.56 and its 200 day simple moving average is $29.84. Trustmark Co. has a fifty-two week low of $18.96 and a fifty-two week high of $35.72. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of 12.74 and a beta of 0.74. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.87 and a quick ratio of 0.86.

Trustmark (NASDAQ:TRMK) last released its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.03. Trustmark had a net margin of 16.24% and a return on equity of 9.32%. The business had revenue of $283.96 million for the quarter, compared to analyst estimates of $229.83 million. During the same quarter last year, the firm earned $0.74 EPS. As a group, sell-side analysts anticipate that Trustmark Co. will post 2.93 EPS for the current year.

Trustmark Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Sunday, September 15th. Shareholders of record on Sunday, September 1st were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date was Friday, August 30th. Trustmark’s payout ratio is currently 35.80%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Truist Financial raised their target price on shares of Trustmark from $31.00 to $37.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. DA Davidson raised their target price on shares of Trustmark from $34.00 to $38.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $35.00.

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.