Brokerages Set Trustmark Co. (NASDAQ:TRMK) Price Target at $35.20

Shares of Trustmark Co. (NASDAQ:TRMK - Get Free Report) have been assigned an average rating of "Hold" from the five research firms that are presently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $35.20.

A number of brokerages have recently issued reports on TRMK. StockNews.com raised Trustmark from a "sell" rating to a "hold" rating in a research note on Thursday, October 24th. DA Davidson upped 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. Hovde Group lifted their price target 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, Truist Financial increased their target price on Trustmark from $35.00 to $36.00 and gave the stock a "hold" rating in a research note on Friday, October 25th.

Insider Activity at Trustmark

In related news, Director Marcelo L. Eduardo sold 790 shares of the stock in a transaction dated Wednesday, October 30th. The shares were 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 in the company, valued at $263,217.26. This represents a 9.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gerard R. Host sold 7,000 shares of the firm's stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $38.59, for a total transaction of $270,130.00. Following the completion of the sale, the director now owns 16,500 shares in the company, valued at $636,735. The trade was a 29.79 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 34,206 shares of company stock worth $1,347,991. 1.50% of the stock is owned by company insiders.

Institutional Trading of Trustmark

Hedge funds and other institutional investors have recently made changes to their positions in the business. GoalVest Advisory LLC purchased a new stake in Trustmark in the 3rd quarter worth about $63,000. nVerses Capital LLC acquired a new stake in shares of Trustmark during the 3rd quarter valued at about $67,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Trustmark during the third quarter worth $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 purchasing an additional 3,430 shares during the last quarter. Finally, Arlington Trust Co LLC boosted 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 acquiring an additional 2,309 shares in the last quarter. 67.64% of the stock is currently owned by institutional investors.

Trustmark Price Performance

Shares of Trustmark stock traded down $1.17 during trading hours on Friday, reaching $33.21. The stock had a trading volume of 338,030 shares, compared to its average volume of 285,638. Trustmark has a twelve month low of $25.24 and a twelve month high of $40.73. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $2.03 billion, a PE ratio of 10.03 and a beta of 0.76. The stock's 50 day moving average is $37.17 and its 200 day moving average is $34.07.

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, beating the consensus estimate of $0.82 by $0.02. Trustmark had a net margin of 17.62% and a return on equity of 9.48%. The business had revenue of $192.30 million for the quarter, compared to analyst estimates of $192.77 million. During the same quarter last year, the business earned $0.64 earnings per share. Equities analysts expect that Trustmark will post 2.94 earnings per share for the current fiscal year.

Trustmark Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend was Friday, November 29th. Trustmark's dividend payout ratio is presently 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.