Thrivent Financial For Lutherans trimmed its position in Trustmark Corporation (NASDAQ:TRMK) by 69.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,720 shares of the financial services provider’s stock after selling 31,890 shares during the quarter. Thrivent Financial For Lutherans’ holdings in Trustmark Corporation were worth $441,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Trustmark Corporation by 9.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,333 shares of the financial services provider’s stock worth $107,000 after buying an additional 296 shares during the last quarter. Creative Planning lifted its stake in shares of Trustmark Corporation by 7.0% in the second quarter. Creative Planning now owns 3,705 shares of the financial services provider’s stock worth $119,000 after buying an additional 241 shares during the last quarter. Integrated Investment Consultants LLC lifted its stake in shares of Trustmark Corporation by 13.8% in the second quarter. Integrated Investment Consultants LLC now owns 4,925 shares of the financial services provider’s stock worth $158,000 after buying an additional 598 shares during the last quarter. LS Investment Advisors LLC lifted its stake in shares of Trustmark Corporation by 21.1% in the second quarter. LS Investment Advisors LLC now owns 5,411 shares of the financial services provider’s stock worth $174,000 after buying an additional 941 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in shares of Trustmark Corporation by 0.9% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 6,592 shares of the financial services provider’s stock worth $210,000 after buying an additional 61 shares during the last quarter. Institutional investors and hedge funds own 62.36% of the company’s stock.

Trustmark Corporation (NASDAQ:TRMK) opened at 33.68 on Thursday. The firm has a market capitalization of $2.28 billion, a PE ratio of 19.84 and a beta of 1.17. Trustmark Corporation has a 1-year low of $26.81 and a 1-year high of $36.79. The company’s 50-day moving average is $31.61 and its 200 day moving average is $31.75.

Trustmark Corporation (NASDAQ:TRMK) last announced its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.03. Trustmark Corporation had a return on equity of 8.04% and a net margin of 18.35%. The business had revenue of $157.10 million during the quarter, compared to the consensus estimate of $152.57 million. During the same quarter last year, the firm posted $0.40 EPS. On average, equities analysts expect that Trustmark Corporation will post $1.75 EPS for the current fiscal year.

A number of analysts have recently weighed in on TRMK shares. Zacks Investment Research cut shares of Trustmark Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, September 19th. ValuEngine upgraded shares of Trustmark Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, September 30th. Jefferies Group LLC restated a “hold” rating and issued a $36.00 price objective on shares of Trustmark Corporation in a research note on Thursday, October 12th. Hovde Group cut shares of Trustmark Corporation from an “outperform” rating to a “market perform” rating and set a $34.00 price objective for the company. in a research note on Friday, June 23rd. Finally, BidaskClub cut shares of Trustmark Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $33.80.

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In other Trustmark Corporation news, insider Charles Scott Woods sold 1,000 shares of the firm’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $32.00, for a total transaction of $32,000.00. Following the completion of the sale, the insider now owns 13,344 shares of the company’s stock, valued at approximately $427,008. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.37% of the company’s stock.

About Trustmark Corporation

Trustmark Corporation is a bank holding company. The Company’s principal subsidiary is Trustmark National Bank (TNB). Through TNB and its subsidiaries, the Company operates as a financial services company providing banking and other financial solutions. It operates through three segments: General Banking, Wealth Management and Insurance.

Institutional Ownership by Quarter for Trustmark Corporation (NASDAQ:TRMK)

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