JPMorgan Chase & Co. Has $3.91 Million Holdings in Trustmark Co. (NASDAQ:TRMK)

JPMorgan Chase & Co. raised its stake in shares of Trustmark Co. (NASDAQ:TRMK - Free Report) by 10.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 122,956 shares of the financial services provider's stock after purchasing an additional 11,934 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.20% of Trustmark worth $3,912,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. GoalVest Advisory LLC bought a new stake in Trustmark during the third quarter valued at about $63,000. nVerses Capital LLC purchased a new position in Trustmark during the third quarter worth $67,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Trustmark during the 3rd quarter worth approximately $130,000. Blue Trust Inc. lifted its holdings in Trustmark by 225.2% during the 3rd quarter. Blue Trust Inc. now owns 4,953 shares of the financial services provider's stock valued at $149,000 after buying an additional 3,430 shares in the last quarter. Finally, Arlington Trust Co LLC lifted its holdings in shares of Trustmark by 77.0% in the 3rd quarter. Arlington Trust Co LLC now owns 5,309 shares of the financial services provider's stock worth $169,000 after buying an additional 2,309 shares during the period. Institutional investors own 67.64% of the company's stock.

Insider Buying and Selling

In other news, Director Gerard R. Host sold 26,416 shares of the business's stock in a transaction dated Tuesday, November 12th. The stock was 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 in the company, valued at approximately $1,064,446.16. The trade was a 49.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 value of $28,353.10. Following the transaction, the director now owns 7,334 shares of the company's stock, valued at approximately $263,217.26. The trade was a 9.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,206 shares of company stock valued at $1,347,991. Corporate insiders own 1.50% of the company's stock.

Wall Street Analysts Forecast Growth

TRMK has been the topic of several analyst reports. StockNews.com raised shares of Trustmark from a "sell" rating to a "hold" rating in a report on Thursday, October 24th. Hovde Group raised their target price on Trustmark from $34.00 to $37.00 and gave the company a "market perform" rating in a research report on Tuesday, October 29th. DA Davidson raised their price target 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. Finally, Truist Financial upped their price target on Trustmark from $35.00 to $36.00 and gave the company a "hold" rating in a research report on Friday, October 25th. 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, Trustmark presently has an average rating of "Hold" and an average target price of $35.20.

Trustmark Price Performance

Trustmark stock traded up $0.36 during mid-day trading on Friday, hitting $35.26. 327,827 shares of the company were exchanged, compared to its average volume of 247,301. The company has a market capitalization of $2.16 billion, a P/E ratio of 10.65 and a beta of 0.76. The business's 50 day simple moving average is $36.94 and its two-hundred day simple moving average is $34.26. Trustmark Co. has a 12-month low of $25.24 and a 12-month high of $40.73. 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 - Get Free Report) last announced its earnings results 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. Trustmark had a return on equity of 9.48% and a net margin of 17.62%. The business had revenue of $192.30 million for the quarter, compared to analyst estimates of $192.77 million. During the same period in the previous year, the company earned $0.64 earnings per share. Analysts forecast that Trustmark Co. will post 2.96 earnings per share for the current fiscal year.

Trustmark Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, December 15th. Investors of record on Sunday, December 1st were given a $0.23 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.61%. Trustmark's dividend payout ratio (DPR) is 27.79%.

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.