World Investment Advisors LLC Makes New $499,000 Investment in Trustmark Co. (NASDAQ:TRMK)

World Investment Advisors LLC bought a new position in Trustmark Co. (NASDAQ:TRMK) in the 3rd quarter, Holdings Channel.com reports. The fund bought 15,687 shares of the financial services provider’s stock, valued at approximately $499,000.

Several other large investors also recently added to or reduced their stakes in TRMK. Innealta Capital LLC bought a new stake in Trustmark in the second quarter worth approximately $61,000. GoalVest Advisory LLC acquired a new stake in shares of Trustmark in the third quarter worth $63,000. nVerses Capital LLC acquired a new stake in shares of Trustmark in the third quarter worth $67,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Trustmark in the third quarter worth $130,000. Finally, Blue Trust Inc. lifted its stake in shares of Trustmark by 225.2% in the third quarter. Blue Trust Inc. now owns 4,953 shares of the financial services provider’s stock worth $149,000 after buying an additional 3,430 shares during the last quarter. 67.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on TRMK shares. StockNews.com upgraded shares of Trustmark from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. Hovde Group boosted their price objective on shares of Trustmark from $34.00 to $37.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 29th. Truist Financial boosted their price objective on shares of Trustmark from $35.00 to $36.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Finally, DA Davidson upped their target price on shares of Trustmark from $35.00 to $38.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. 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 a consensus rating of “Hold” and a consensus target price of $35.20.

Trustmark Price Performance

NASDAQ:TRMK opened at $37.02 on Wednesday. The stock has a market cap of $2.26 billion, a P/E ratio of 11.18 and a beta of 0.75. Trustmark Co. has a one year low of $25.24 and a one year high of $40.73. The company has a fifty day moving average price of $36.72 and a 200 day moving average price of $33.21. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.87 and a quick ratio of 0.86.

Trustmark (NASDAQ:TRMK) last released its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.84 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 period last year, the firm earned $0.64 EPS. Analysts anticipate that Trustmark Co. will post 2.94 earnings per share for the current year.

Trustmark Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend was Friday, November 29th. Trustmark’s payout ratio is 27.79%.

Insider Transactions at Trustmark

In other news, Director Gerard R. Host sold 26,416 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were 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 trade represents a 49.65 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Marcelo L. Eduardo sold 790 shares of the stock in a transaction dated 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 owns 7,334 shares of the company’s stock, valued at $263,217.26. This trade represents a 9.72 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 34,206 shares of company stock valued at $1,347,991. Company insiders own 1.50% 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.