TIAA CREF Investment Management LLC lowered its position in shares of Trustmark (NASDAQ:TRMK) by 6.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 168,761 shares of the financial services provider’s stock after selling 12,590 shares during the quarter. TIAA CREF Investment Management LLC owned about 0.25% of Trustmark worth $5,377,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Paloma Partners Management Co acquired a new stake in Trustmark during the fourth quarter valued at approximately $220,000. Public Employees Retirement System of Ohio raised its stake in Trustmark by 107.6% during the third quarter. Public Employees Retirement System of Ohio now owns 7,468 shares of the financial services provider’s stock valued at $247,000 after buying an additional 3,870 shares in the last quarter. Jane Street Group LLC acquired a new stake in Trustmark during the third quarter valued at approximately $274,000. Landscape Capital Management L.L.C. acquired a new stake in Trustmark during the fourth quarter valued at approximately $292,000. Finally, Koch Industries Inc. acquired a new stake in Trustmark during the fourth quarter valued at approximately $315,000. Hedge funds and other institutional investors own 63.19% of the company’s stock.
Shares of Trustmark stock opened at $30.89 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.76 and a current ratio of 0.77. The company has a market cap of $2,122.50, a PE ratio of 16.09 and a beta of 1.03. Trustmark has a twelve month low of $28.16 and a twelve month high of $35.09.
Trustmark (NASDAQ:TRMK) last announced its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.48 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.48. The business had revenue of $153.06 million for the quarter, compared to analysts’ expectations of $152.80 million. Trustmark had a return on equity of 8.35% and a net margin of 16.15%. During the same period in the prior year, the firm earned $0.43 EPS. research analysts expect that Trustmark will post 2.16 EPS for the current year.
Several analysts have issued reports on the company. ValuEngine cut Trustmark from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. BidaskClub upgraded Trustmark from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Zacks Investment Research cut Trustmark from a “hold” rating to a “sell” rating in a research note on Wednesday, March 28th. SunTrust Banks dropped their price target on Trustmark to $33.00 and set an “average” rating on the stock in a research report on Tuesday, January 30th. Finally, Stephens reiterated a “hold” rating and set a $34.00 price target on shares of Trustmark in a research report on Thursday, January 25th. Eight equities research analysts have rated the stock with a hold rating, Trustmark presently has a consensus rating of “Hold” and a consensus target price of $34.00.
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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 offers checking, savings, and money market accounts; individual retirement accounts; certificates of deposits; 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.
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