Marcelo L. Eduardo Sells 790 Shares of Trustmark Co. (NASDAQ:TRMK) Stock

Trustmark Co. (NASDAQ:TRMK) Director Marcelo L. Eduardo sold 790 shares of Trustmark stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $35.89, for a total transaction of $28,353.10. Following the sale, the director now directly owns 7,334 shares in the company, valued at $263,217.26. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Trustmark Price Performance

Shares of TRMK 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 firm has a market cap of $2.09 billion, a price-to-earnings ratio of 10.34 and a beta of 0.73. The stock has a 50 day moving average of $32.91 and a 200-day moving average of $31.18.

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

Trustmark Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.92 dividend on an annualized basis and a yield of 2.69%. Trustmark’s dividend payout ratio is currently 27.79%.

Hedge Funds Weigh In On Trustmark

Hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its holdings in shares of Trustmark by 62.1% in the 2nd quarter. GAMMA Investing LLC now owns 916 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 351 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in Trustmark in the first quarter worth $52,000. Innealta Capital LLC bought a new stake in Trustmark in the second quarter valued at $61,000. nVerses Capital LLC bought a new stake in Trustmark in the third quarter valued at $67,000. Finally, CWM LLC grew its position in shares of Trustmark by 14.6% during the second quarter. CWM LLC now owns 4,783 shares of the financial services provider’s stock worth $144,000 after acquiring an additional 611 shares during the last quarter. 67.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TRMK. StockNews.com raised Trustmark from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. DA Davidson upped their target price on Trustmark from $35.00 to $38.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Hovde Group raised their price target on shares of Trustmark from $34.00 to $37.00 and gave the stock a “market perform” rating in a research report on Tuesday. Finally, Truist Financial upped their price target on shares of Trustmark from $35.00 to $36.00 and gave the company a “hold” rating in a report on Friday, October 25th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $35.20.

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.