Trustmark Co. (NASDAQ:TRMK) Director Gerard R. Host Sells 7,000 Shares

Trustmark Co. (NASDAQ:TRMK) Director Gerard R. Host sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $38.59, for a total value of $270,130.00. Following the completion of the sale, the director now owns 16,500 shares of the company’s stock, valued at $636,735. This trade represents a 29.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Trustmark Price Performance

Shares of Trustmark stock traded down $0.15 during trading on Monday, hitting $38.00. 57,153 shares of the company were exchanged, compared to its average volume of 279,592. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.09. Trustmark Co. has a fifty-two week low of $22.11 and a fifty-two week high of $40.60. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 11.53 and a beta of 0.72. The firm has a 50 day moving average price of $33.93 and a 200 day moving average price of $31.98.

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

Trustmark Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Sunday, December 1st will be given a dividend of $0.23 per share. The ex-dividend date is Friday, November 29th. This represents a $0.92 annualized dividend and a dividend yield of 2.42%. Trustmark’s dividend payout ratio is currently 27.79%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its stake in Trustmark by 1.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,050,787 shares of the financial services provider’s stock worth $121,683,000 after acquiring an additional 64,334 shares during the period. Earnest Partners LLC lifted its position in shares of Trustmark by 3.1% during the second 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 during the last quarter. State Street Corp raised its stake in Trustmark by 0.8% during the third quarter. State Street Corp now owns 3,090,988 shares of the financial services provider’s stock worth $98,355,000 after acquiring an additional 24,450 shares during the period. Geode Capital Management LLC raised its stake in Trustmark by 1.1% during the third quarter. Geode Capital Management LLC now owns 1,461,545 shares of the financial services provider’s stock worth $46,515,000 after acquiring an additional 15,627 shares during the period. Finally, Wellington Management Group LLP increased its stake in shares of Trustmark by 32.6% in the third quarter. Wellington Management Group LLP now owns 1,356,853 shares of the financial services provider’s stock valued at $43,175,000 after purchasing an additional 333,390 shares during the period. 67.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on TRMK shares. StockNews.com raised Trustmark from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. DA Davidson raised their price target on Trustmark from $35.00 to $38.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Truist Financial raised their price objective on shares of Trustmark from $35.00 to $36.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Finally, Hovde Group raised their price objective on shares of Trustmark from $34.00 to $37.00 and gave the company a “market perform” rating in a research report on Tuesday, October 29th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target 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.