Campbell & CO Investment Adviser LLC Raises Stake in Trustmark Corporation $TRMK

Campbell & CO Investment Adviser LLC raised its stake in shares of Trustmark Corporation (NASDAQ:TRMK) by 139.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 37,654 shares of the financial services provider’s stock after acquiring an additional 21,950 shares during the period. Campbell & CO Investment Adviser LLC owned approximately 0.06% of Trustmark worth $1,373,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in TRMK. IFP Advisors Inc acquired a new position in shares of Trustmark in the first quarter valued at approximately $51,000. State of Wyoming acquired a new stake in shares of Trustmark during the first quarter worth $52,000. GAMMA Investing LLC grew its position in Trustmark by 23.2% in the 2nd quarter. GAMMA Investing LLC now owns 2,228 shares of the financial services provider’s stock valued at $81,000 after buying an additional 419 shares during the last quarter. CWM LLC increased its stake in Trustmark by 9.7% in the 1st quarter. CWM LLC now owns 5,655 shares of the financial services provider’s stock valued at $195,000 after buying an additional 502 shares during the period. Finally, Mitchell Mcleod Pugh & Williams Inc. purchased a new position in Trustmark during the 2nd quarter worth $208,000. 67.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on TRMK shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Trustmark in a report on Wednesday, October 8th. DA Davidson raised their price objective on shares of Trustmark from $39.00 to $43.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Hovde Group lifted their price objective on Trustmark from $37.00 to $41.00 and gave the company a “market perform” rating in a report on Thursday, July 24th. Finally, Zacks Research cut Trustmark from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $42.25.

Insider Buying and Selling at Trustmark

In other news, Director Marcelo L. Eduardo sold 700 shares of the firm’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $38.49, for a total value of $26,943.00. Following the completion of the transaction, the director owned 8,577 shares in the company, valued at $330,128.73. This trade represents a 7.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gerard R. Host sold 1,556 shares of the business’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $40.63, for a total transaction of $63,220.28. The SEC filing for this sale provides additional information. Insiders sold 23,226 shares of company stock worth $897,299 in the last three months. 1.50% of the stock is owned by corporate insiders.

Trustmark Trading Up 2.2%

Shares of TRMK opened at $39.17 on Wednesday. Trustmark Corporation has a twelve month low of $29.77 and a twelve month high of $41.33. The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $2.35 billion, a P/E ratio of 10.70 and a beta of 0.70. The firm’s 50-day moving average is $39.13 and its two-hundred day moving average is $37.55.

Trustmark (NASDAQ:TRMK) last announced its quarterly earnings results on Tuesday, October 28th. The financial services provider reported $0.94 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.01). The firm had revenue of $207.53 million for the quarter, compared to analysts’ expectations of $206.13 million. Trustmark had a return on equity of 10.90% and a net margin of 19.82%.Trustmark’s revenue was up 5.3% compared to the same quarter last year. During the same period last year, the firm earned $0.84 EPS. On average, research analysts predict that Trustmark Corporation will post 3.42 earnings per share for the current fiscal year.

Trustmark Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a $0.24 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.96 annualized dividend and a yield of 2.5%. Trustmark’s dividend payout ratio is 26.23%.

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.