Gerard R. Host Sells 26,416 Shares of Trustmark Co. (NASDAQ:TRMK) Stock

Trustmark Co. (NASDAQ:TRMK) Director Gerard R. Host sold 26,416 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $39.73, for a total value of $1,049,507.68. Following the completion of the transaction, the director now directly owns 26,792 shares in the company, valued at approximately $1,064,446.16. 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 Stock Performance

TRMK stock traded down $0.31 during midday trading on Thursday, reaching $38.45. 96,469 shares of the company’s stock traded hands, compared to its average volume of 279,755. Trustmark Co. has a 52-week low of $22.11 and a 52-week high of $40.60. The stock has a market cap of $2.35 billion, a P/E ratio of 11.73 and a beta of 0.72. The stock’s 50-day moving average is $33.69 and its 200 day moving average is $31.85. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.09.

Trustmark (NASDAQ:TRMK) last released its quarterly 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 return on equity of 9.48% and a net margin of 17.62%. The business had revenue of $192.30 million during the quarter, compared to analysts’ expectations of $192.77 million. During the same quarter last year, the business posted $0.64 EPS. As a group, analysts anticipate that Trustmark Co. will post 2.93 EPS for the current year.

Trustmark Dividend Announcement

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

Hedge Funds Weigh In On Trustmark

Hedge funds and other institutional investors have recently modified their holdings of the business. Verition Fund Management LLC boosted its stake in Trustmark by 19.8% in the 3rd 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 stake 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 worth $413,000 after purchasing an additional 1,381 shares during the period. BNP Paribas Financial Markets increased its holdings in Trustmark by 93.4% in the third quarter. BNP Paribas Financial Markets now owns 23,767 shares of the financial services provider’s stock valued at $756,000 after buying an additional 11,477 shares in the last quarter. FMR LLC boosted 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 purchasing an additional 4,036 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in Trustmark during the third quarter valued at $327,000. 67.64% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on TRMK shares. Truist Financial upped 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. DA Davidson increased their target price on Trustmark from $35.00 to $38.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Hovde Group boosted 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. Finally, StockNews.com raised shares of Trustmark from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently 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.