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

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

Trustmark Trading Down 0.8 %

Shares of Trustmark stock opened at $37.86 on Tuesday. The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of 11.44 and a beta of 0.72. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.87 and a quick ratio of 0.86. The business has a fifty day simple moving average of $33.93 and a two-hundred day simple moving average of $31.98. Trustmark Co. has a 1 year low of $22.11 and a 1 year high of $40.60.

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 analysts’ consensus estimates of $0.82 by $0.02. The company had revenue of $192.30 million during the quarter, compared to analysts’ expectations of $192.77 million. Trustmark had a return on equity of 9.48% and a net margin of 17.62%. During the same quarter in the previous year, the company posted $0.64 earnings per share. Research analysts forecast that Trustmark Co. will post 2.93 EPS for the current year.

Trustmark Announces Dividend

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 given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.43%. The ex-dividend date is Friday, November 29th. Trustmark’s payout ratio is 27.79%.

Institutional Investors Weigh In On Trustmark

Hedge funds and other institutional investors have recently modified their holdings of the company. State Board of Administration of Florida Retirement System raised its stake in Trustmark by 101.7% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 35,048 shares of the financial services provider’s stock worth $985,000 after purchasing an additional 17,670 shares in the last quarter. Kennedy Capital Management LLC bought a new position in shares of Trustmark during the first quarter worth approximately $2,604,000. Magnolia Capital Advisors LLC acquired a new stake in shares of Trustmark in the second quarter valued at approximately $1,081,000. Dimensional Fund Advisors LP grew its position in Trustmark by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 4,050,787 shares of the financial services provider’s stock worth $121,683,000 after buying an additional 64,334 shares in the last quarter. Finally, ProShare Advisors LLC grew its position in Trustmark by 7.4% during the first quarter. ProShare Advisors LLC now owns 12,277 shares of the financial services provider’s stock worth $345,000 after buying an additional 844 shares in the last quarter. Institutional investors and hedge funds own 67.64% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Truist Financial upped their target price on Trustmark from $35.00 to $36.00 and gave the stock a “hold” rating in a report on Friday, October 25th. DA Davidson increased their price objective on Trustmark from $35.00 to $38.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. StockNews.com raised shares of Trustmark from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, Hovde Group upped 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, October 29th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average 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.