Trustmark Co. (NASDAQ:TRMK) Director Sells $28,353.10 in Stock

Trustmark Co. (NASDAQ:TRMK) Director Marcelo L. Eduardo sold 790 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $35.89, for a total value of $28,353.10. Following the completion of the transaction, the director now directly owns 7,334 shares of the company’s stock, valued at $263,217.26. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Trustmark Price Performance

Shares of Trustmark stock opened at $34.21 on Friday. Trustmark Co. has a 52 week low of $20.04 and a 52 week high of $36.14. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.09. The company’s 50-day moving average price is $32.91 and its two-hundred day moving average price is $31.18. The stock has a market cap of $2.09 billion, a PE ratio of 10.34 and a beta of 0.73.

Trustmark (NASDAQ:TRMK) last released its earnings results on Tuesday, October 22nd. The financial services provider reported $0.84 EPS for the quarter, beating the consensus estimate of $0.82 by $0.02. The business had revenue of $192.30 million during the quarter, compared to analyst estimates of $192.77 million. Trustmark had a net margin of 17.62% and a return on equity of 9.48%. During the same period in the prior year, the business earned $0.64 earnings per share. As a group, sell-side analysts anticipate that Trustmark Co. will post 2.93 EPS for the current fiscal year.

Trustmark Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.69%. The ex-dividend date is Friday, November 29th. Trustmark’s dividend payout ratio is presently 27.79%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. DA Davidson increased their price target on Trustmark from $35.00 to $38.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Hovde Group raised their target price on shares of Trustmark from $34.00 to $37.00 and gave the company a “market perform” rating in a research note on Tuesday. Truist Financial boosted their price target on shares of Trustmark from $35.00 to $36.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Finally, StockNews.com upgraded shares of Trustmark from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $35.20.

Institutional Investors Weigh In On Trustmark

Institutional investors and hedge funds have recently modified their holdings of the stock. American Century Companies Inc. lifted its stake in Trustmark by 25.3% during the second quarter. American Century Companies Inc. now owns 986,322 shares of the financial services provider’s stock valued at $29,629,000 after buying an additional 199,245 shares in the last quarter. Stieven Capital Advisors L.P. lifted its position in shares of Trustmark by 57.2% in the 1st quarter. Stieven Capital Advisors L.P. now owns 503,000 shares of the financial services provider’s stock valued at $14,139,000 after acquiring an additional 183,100 shares in the last quarter. Hanson & Doremus Investment Management acquired a new position in Trustmark in the 2nd quarter worth approximately $4,199,000. Earnest Partners LLC grew its position in Trustmark by 3.1% during the 2nd quarter. Earnest Partners LLC now owns 3,442,019 shares of the financial services provider’s stock worth $103,398,000 after purchasing an additional 102,268 shares in the last quarter. Finally, Kennedy Capital Management LLC acquired a new stake in Trustmark during the 1st quarter valued at $2,604,000. 67.64% of the stock is owned by institutional investors and hedge funds.

About Trustmark

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.