November 18, 2016 - By kentuckypostne · 0 Comments
The stock of Trustmark Corporation (NASDAQ:TRMK) registered an increase of 11.7% in short interest. TRMK’s total short interest was 6.44M shares in November as published by FINRA. Its up 11.7% from 5.76 million shares, reported previously. With 538,100 shares average volume, it will take short sellers 12 days to cover their TRMK’s short positions. The short interest to Trustmark Corporation’s float is 9.89%. The stock increased 2.30% or $0.74 during the last trading session, hitting $32.88. Trustmark Corp (NASDAQ:TRMK) has risen 38.15% since April 18, 2016 and is uptrending. It has outperformed by 33.72% the S&P500.
Trustmark Corporation is a bank holding company. The company has a market cap of $2.24 billion. Trustmark’s principal subsidiary is Trustmark National Bank (TNB). It has a 20.76 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 2016 Q2. 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.
Citigroup Inc accumulated 0% or 41,549 shares. Moreover, Oakworth Cap has 0.02% invested in Trustmark Corp (NASDAQ:TRMK) for 2,298 shares. Blackrock Invest Management Ltd Liability Company last reported 497,428 shares in the company. Earnest Limited Liability Company accumulated 2.02 million shares or 0.55% of the stock. Retirement Of Alabama accumulated 87,222 shares or 0.01% of the stock. Federated Invsts Incorporated Pa has 53,726 shares for 0% of their US portfolio. The California-based United Financial Advisers has invested 0% in Trustmark Corp (NASDAQ:TRMK). Moreover, Allianz Asset Management Ag has 0.01% invested in Trustmark Corp (NASDAQ:TRMK) for 821,521 shares. The California-based Diligent Investors Ltd Liability Corp has invested 0.32% in Trustmark Corp (NASDAQ:TRMK). Louisiana State Employees Retirement accumulated 0.02% or 18,000 shares. Btim Corporation reported 451,146 shares or 0.19% of all its holdings. Numeric Invsts Lc last reported 0.06% of its portfolio in the stock. Moreover, Blackrock Gru Ltd has 0% invested in Trustmark Corp (NASDAQ:TRMK) for 127,446 shares. Ameriprise last reported 0.01% of its portfolio in the stock. Capital One Natl Association has 9,796 shares for 0.02% of their US portfolio.
Insider Transactions: Since November 15, 2016, the stock had 0 buys, and 1 sale for $287,430 net activity. 9,000 shares were sold by Gunn George C III, worth $287,430.
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 “Market Perform” rating given on Wednesday, October 7 by Hovde Group. The stock of Trustmark Corp (NASDAQ:TRMK) earned “Neutral” rating by SunTrust on Thursday, June 9.
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.
More news for Trustmark Corp (NASDAQ:TRMK) were recently published by: Bizjournals.com, which released: “Select a City” on November 17, 2016. Bizjournals.com‘s article titled: “Trustmark announces $26 million merger” and published on November 14, 2016 is yet another important article.
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