Trustmark Co. (NASDAQ:TRMK) Shares Acquired by Barclays PLC

Barclays PLC grew its stake in Trustmark Co. (NASDAQ:TRMK - Free Report) by 124.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,743 shares of the financial services provider's stock after acquiring an additional 69,779 shares during the period. Barclays PLC owned 0.21% of Trustmark worth $4,001,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Louisiana State Employees Retirement System raised its position in Trustmark by 2.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 30,800 shares of the financial services provider's stock valued at $925,000 after purchasing an additional 600 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Trustmark by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 685,875 shares of the financial services provider's stock worth $20,604,000 after acquiring an additional 2,714 shares during the period. Smith Shellnut Wilson LLC ADV bought a new position in Trustmark during the 2nd quarter worth about $287,000. Innealta Capital LLC purchased a new position in Trustmark during the 2nd quarter valued at about $61,000. Finally, Natixis Advisors LLC bought a new stake in shares of Trustmark in the 2nd quarter valued at about $329,000. Institutional investors own 67.64% of the company's stock.

Trustmark Trading Up 0.3 %

NASDAQ:TRMK traded up $0.09 during trading hours on Monday, reaching $35.80. 241,149 shares of the stock were exchanged, compared to its average volume of 283,542. Trustmark Co. has a twelve month low of $25.24 and a twelve month high of $40.73. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.09. The business has a 50-day moving average of $36.99 and a two-hundred day moving average of $33.40. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 10.82 and a beta of 0.75.

Trustmark (NASDAQ:TRMK - Get Free Report) last released 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 net margin of 17.62% and a return on equity of 9.48%. The company had revenue of $192.30 million for the quarter, compared to analyst estimates of $192.77 million. During the same period in the prior year, the business earned $0.64 EPS. On average, equities analysts predict that Trustmark Co. will post 2.94 EPS for the current year.

Trustmark Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date was Friday, November 29th. Trustmark's dividend payout ratio is currently 27.79%.

Insider Activity

In other Trustmark news, Director Marcelo L. Eduardo sold 790 shares of the firm's stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $35.89, for a total value of $28,353.10. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 sale, the director now directly owns 26,792 shares in the company, valued at approximately $1,064,446.16. This represents a 49.65 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 34,206 shares of company stock valued at $1,347,991. 1.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. StockNews.com upgraded shares of Trustmark from a "sell" rating to a "hold" rating in a research note on Thursday, October 24th. DA Davidson raised their price target on shares of Trustmark from $35.00 to $38.00 and gave the stock a "neutral" 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 stock a "market perform" rating in a research note on Tuesday, October 29th. Finally, Truist Financial upped their price target on shares of Trustmark from $35.00 to $36.00 and gave the company a "hold" rating in a report on Friday, October 25th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target 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.