Alpenglow Capital Lp buys $5,973,730 stake in Trustmark Corp (TRMK)

Trustmark Corp (TRMK) : Alpenglow Capital Lp scooped up 80,123 additional shares in Trustmark Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 187,323 shares of Trustmark Corp which is valued at $5,973,730.Trustmark Corp makes up approximately 4.20% of Alpenglow Capital Lp’s portfolio.

Other Hedge Funds, Including , Mason Street Advisors boosted its stake in TRMK in the latest quarter, The investment management firm added 454 additional shares and now holds a total of 31,289 shares of Trustmark Corp which is valued at $997,806. Trustmark Corp makes up approx 0.03% of Mason Street Advisors’s portfolio.California State Teachers Retirement System boosted its stake in TRMK in the latest quarter, The investment management firm added 1,300 additional shares and now holds a total of 142,752 shares of Trustmark Corp which is valued at $4,219,749. Trustmark Corp makes up approx 0.01% of California State Teachers Retirement System’s portfolio.Aperio Group reduced its stake in TRMK by selling 3,650 shares or 1.44% in the most recent quarter. The Hedge Fund company now holds 250,052 shares of TRMK which is valued at $6,713,896. Trustmark Corp makes up approx 0.05% of Aperio Group’s portfolio.Chicago Equity Partners boosted its stake in TRMK in the latest quarter, The investment management firm added 505 additional shares and now holds a total of 13,945 shares of Trustmark Corp which is valued at $385,998. Trustmark Corp makes up approx 0.01% of Chicago Equity Partners’s portfolio.

Trustmark Corp opened for trading at $32.88 and hit $33.55 on the upside on Monday, eventually ending the session at $33.33, with a gain of 1.37% or 0.45 points. The heightened volatility saw the trading volume jump to 5,40,599 shares. Company has a market cap of $2,254 M.

On the company’s financial health, Trustmark Corp reported $0.465 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Oct 25, 2016. Analyst had a consensus of $0.45. The company had revenue of $146.89 million for the quarter, compared to analysts expectations of $147.33 million. The company’s revenue was down -.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.42 EPS.

Trustmark Corporation (Trustmark) is a bank holding company. Trustmark’s principal subsidiary is Trustmark National Bank (TNB). 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. The Company operates through three segments: General Banking Insurance and Wealth Management. TNB provides a range of commercial banking services to corporations and other business customers. TNB also provides deposit services including checking savings and money market accounts and certificates of deposit as well as treasury management services. In addition TNB provides customers 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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