Trustmark Corporation (NASDAQ:TRMK) is expected to pay $0.23 on Dec 15, 2016. The indicated annual dividend is $0.92. Shareholders owning the stock before Nov 29, 2016 will be eligible to receive the payout. Based on Trustmark Corporation’s current price of $34.48, the dividend is 0.67%. This dividend’s record date is Dec 1, 2016 and the announcement date is Oct 26, 2016. The stock increased 0.26% or $0.09 on November 25, hitting $34.48. Trustmark Corp (NASDAQ:TRMK) has risen 42.36% since April 25, 2016 and is uptrending. It has outperformed by 36.35% the S&P500.
Trustmark Corporation is a bank holding company. The company has a market cap of $2.34 billion. Trustmark’s principal subsidiary is Trustmark National Bank (TNB). It has a 21.77 P/E ratio. Through TNB and other subsidiaries, Trustmark operates as a financial services organization providing banking and other financial solutions through approximately 205 offices in Alabama, Florida, Mississippi, Tennessee and Texas.
Insitutional Activity: The institutional sentiment increased to 1.25 in Q2 2016. Its up 0.06, from 1.19 in 2016Q1. The ratio improved, as 13 funds sold all Trustmark Corp shares owned while 51 reduced positions. 16 funds bought stakes while 60 increased positions. They now own 41.21 million shares or 3.93% more from 39.65 million shares in 2016Q1.
Comml Bank Of Mellon holds 0.01% or 876,796 shares in its portfolio. Retirement Sys Of Alabama accumulated 0.01% or 87,222 shares. Synovus Corporation accumulated 0.01% or 17,531 shares. Moreover, Oakworth has 0.02% invested in Trustmark Corp (NASDAQ:TRMK) for 2,298 shares. Credit Suisse Ag reported 136,053 shares or 0% of all its holdings. Louisiana State Employees Retirement has 0.02% invested in the company for 18,000 shares. Ubs Asset Management Americas holds 0% or 51,951 shares in its portfolio. Cap One Association last reported 0.02% of its portfolio in the stock. Moreover, Arizona State Retirement Systems has 0.01% invested in Trustmark Corp (NASDAQ:TRMK) for 26,377 shares. Parkside Commercial Bank Trust has 192 shares for 0% of their US portfolio. The California-based Los Angeles Cap Management Equity Rech has invested 0.01% in Trustmark Corp (NASDAQ:TRMK). State Board Of Administration Of Florida Retirement Sys accumulated 55,748 shares or 0% of the stock. Cantab Capital Prns Llp has 0% invested in the company for 22,921 shares. Da Davidson And last reported 0% of its portfolio in the stock. First Trust Advisors Lp last reported 284,302 shares in the company.
Insider Transactions: Since November 15, 2016, the stock had 0 buys, and 1 sale for $287,430 net activity. $287,430 worth of Trustmark Corp (NASDAQ:TRMK) shares were sold by Gunn George C III.
Trustmark Corp (NASDAQ:TRMK) Ratings Coverage
Out of 5 analysts covering Trustmark Corp (NASDAQ:TRMK), 0 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 0 are positive. Trustmark Corp has been the topic of 7 analyst reports since August 26, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Thursday, June 9 by SunTrust. The rating was upgraded by Hovde Group to “Market Perform” on Wednesday, October 7.
Another recent and important Trustmark Corp (NASDAQ:TRMK) news was published by Streetinsider.com which published an article titled: “Trustmark Corp (TRMK), RB Bancorporation Enter $25.6M Merger Agreement” on November 14, 2016.
TRMK Company Profile
Trustmark Corporation, incorporated on August 5, 1968, is a bank holding company. The Company’s principal subsidiary is Trustmark National Bank (TNB). The Firm operates through three divisions: General Banking, Insurance and Wealth Management. Through TNB and other subsidiaries, the Company operates as a financial services firm providing banking and other financial solutions through approximately 200 offices in Alabama, Florida, Mississippi, Tennessee and Texas. TNB provides a range of commercial banking services to firms and other business customers. Loans are provided for a range of general corporate purposes, including financing for commercial and industrial projects, income producing commercial real estate, owner-occupied real estate and construction and land development. TNB also provides deposit services, including checking, savings and money market accounts and certificates of deposit, as well as treasury management services. TNB’s banking services to clients include checking, savings, and money market accounts, as well as certificates of deposit and individual retirement accounts. In addition, TNB provides clients with installment and real estate loans and lines of credit. TNB provides mortgage-banking services, including construction financing, production of conventional and government insured mortgages, secondary marketing and mortgage servicing.
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