Trustmark Co. (NASDAQ:TRMK) Director Sells $1,049,507.68 in Stock

Trustmark Co. (NASDAQ:TRMK) Director Gerard R. Host sold 26,416 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $39.73, for a total transaction of $1,049,507.68. Following the completion of the transaction, the director now directly owns 26,792 shares of the company’s stock, valued at approximately $1,064,446.16. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Trustmark Trading Down 0.8 %

Shares of Trustmark stock traded down $0.31 during trading hours on Thursday, hitting $38.45. The company’s stock had a trading volume of 96,469 shares, compared to its average volume of 279,755. The firm has a fifty day moving average of $33.69 and a 200-day moving average of $31.85. The stock has a market cap of $2.35 billion, a price-to-earnings ratio of 11.73 and a beta of 0.72. Trustmark Co. has a twelve month low of $22.11 and a twelve month high of $40.60. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.86 and a current ratio of 0.87.

Trustmark (NASDAQ:TRMK) last issued its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.02. The company had revenue of $192.30 million during the quarter, compared to the consensus estimate of $192.77 million. Trustmark had a net margin of 17.62% and a return on equity of 9.48%. During the same quarter in the previous year, the firm earned $0.64 earnings per share. Research analysts forecast that Trustmark Co. will post 2.93 EPS for the current year.

Trustmark Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Friday, November 29th. Trustmark’s dividend payout ratio is currently 27.79%.

Analyst Upgrades and Downgrades

TRMK has been the topic of several analyst reports. Truist Financial boosted their target price on Trustmark from $35.00 to $36.00 and gave the stock a “hold” rating in a report on Friday, October 25th. StockNews.com raised Trustmark from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. Hovde Group lifted their price target on Trustmark from $34.00 to $37.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 29th. Finally, DA Davidson upped their price target on shares of Trustmark from $35.00 to $38.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Trustmark currently has a consensus rating of “Hold” and a consensus target price of $35.20.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Verition Fund Management LLC grew its stake in shares of Trustmark by 19.8% in the third quarter. Verition Fund Management LLC now owns 778,312 shares of the financial services provider’s stock worth $24,766,000 after purchasing an additional 128,834 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Trustmark by 11.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,991 shares of the financial services provider’s stock valued at $413,000 after acquiring an additional 1,381 shares in the last quarter. BNP Paribas Financial Markets raised its position in Trustmark by 93.4% during the third quarter. BNP Paribas Financial Markets now owns 23,767 shares of the financial services provider’s stock valued at $756,000 after acquiring an additional 11,477 shares in the last quarter. FMR LLC increased its position in Trustmark by 143.4% during the third quarter. FMR LLC now owns 6,851 shares of the financial services provider’s stock worth $218,000 after buying an additional 4,036 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Trustmark in the 3rd quarter valued at approximately $327,000. Hedge funds and other institutional investors own 67.64% of the company’s stock.

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.