Aptus Capital Advisors LLC Makes New Investment in Trustmark Co. (NASDAQ:TRMK)

Aptus Capital Advisors LLC purchased a new position in shares of Trustmark Co. (NASDAQ:TRMK - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 16,888 shares of the financial services provider's stock, valued at approximately $537,000.

Other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in shares of Trustmark by 62.1% during the second quarter. GAMMA Investing LLC now owns 916 shares of the financial services provider's stock valued at $28,000 after buying an additional 351 shares during the period. Harbor Capital Advisors Inc. lifted its stake in shares of Trustmark by 2.4% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 17,356 shares of the financial services provider's stock worth $552,000 after purchasing an additional 415 shares during the period. Louisiana State Employees Retirement System boosted its holdings in shares of Trustmark by 2.0% during the second quarter. Louisiana State Employees Retirement System now owns 30,800 shares of the financial services provider's stock worth $925,000 after purchasing an additional 600 shares during the last quarter. CWM LLC grew its position in shares of Trustmark by 14.6% in the second quarter. CWM LLC now owns 4,783 shares of the financial services provider's stock valued at $144,000 after purchasing an additional 611 shares during the period. Finally, Barnes Pettey Financial Advisors LLC increased its stake in Trustmark by 9.2% in the second quarter. Barnes Pettey Financial Advisors LLC now owns 8,882 shares of the financial services provider's stock valued at $267,000 after purchasing an additional 750 shares during the last quarter. 67.64% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on TRMK shares. Hovde Group raised their price target on 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 raised their target price 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 lifted their target price on Trustmark from $35.00 to $38.00 and gave the company a "neutral" rating in a report on Thursday, October 24th. Finally, StockNews.com raised 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 assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $35.20.

Trustmark Stock Down 0.2 %

NASDAQ:TRMK traded down $0.09 during mid-day trading on Friday, hitting $38.15. The company had a trading volume of 327,978 shares, compared to its average volume of 280,594. The business has a fifty day simple moving average of $33.93 and a 200-day simple moving average of $31.96. The firm has a market capitalization of $2.33 billion, a price-to-earnings ratio of 11.53 and a beta of 0.72. Trustmark Co. has a 1 year low of $22.11 and a 1 year high of $40.60. 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 - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The financial services provider reported $0.84 EPS for the quarter, beating the consensus estimate of $0.82 by $0.02. The business had revenue of $192.30 million for the quarter, compared to the consensus estimate of $192.77 million. Trustmark had a return on equity of 9.48% and a net margin of 17.62%. During the same period last year, the business posted $0.64 EPS. Equities analysts forecast that Trustmark Co. will post 2.93 earnings per share for the current fiscal year.

Trustmark Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st will be paid a $0.23 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.92 annualized dividend and a dividend yield of 2.41%. Trustmark's dividend payout ratio (DPR) is presently 27.79%.

Insider Activity at Trustmark

In related news, Director Gerard R. Host sold 26,416 shares of the stock in a transaction dated Tuesday, November 12th. The stock was 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 owns 26,792 shares of the company's stock, valued at approximately $1,064,446.16. This represents a 49.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Marcelo L. Eduardo sold 790 shares of the firm's stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $35.89, for a total value of $28,353.10. Following the sale, the director now owns 7,334 shares of the company's stock, valued at approximately $263,217.26. This trade represents a 9.72 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.50% of the company's stock.

Trustmark 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.