Trustmark Co. (NASDAQ:TRMK) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP raised its position in Trustmark Co. (NASDAQ:TRMK - Free Report) by 32.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,356,853 shares of the financial services provider's stock after buying an additional 333,390 shares during the period. Wellington Management Group LLP owned about 2.22% of Trustmark worth $43,175,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. GoalVest Advisory LLC acquired a new stake in Trustmark in the 3rd quarter worth about $63,000. Innealta Capital LLC acquired a new stake in Trustmark in the 2nd quarter worth about $61,000. nVerses Capital LLC acquired a new stake in Trustmark in the 3rd quarter worth about $67,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Trustmark during the 3rd quarter worth approximately $130,000. Finally, CWM LLC boosted its holdings in shares of Trustmark by 14.6% during the 2nd quarter. CWM LLC now owns 4,783 shares of the financial services provider's stock worth $144,000 after purchasing an additional 611 shares during the last quarter. 67.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. StockNews.com upgraded Trustmark from a "sell" rating to a "hold" rating in a report on Thursday, October 24th. Truist Financial boosted 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. Hovde Group boosted their target price on Trustmark from $34.00 to $37.00 and gave the stock a "market perform" rating in a report on Tuesday, October 29th. Finally, DA Davidson boosted their target price on Trustmark from $35.00 to $38.00 and gave the stock a "neutral" rating in a report on Thursday, October 24th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Trustmark currently has an average rating of "Hold" and an average target price of $35.20.

Insider Transactions 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 completion of the transaction, the director now directly owns 7,334 shares of the company's stock, valued at $263,217.26. This represents a 9.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Gerard R. Host sold 7,000 shares of the 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 transaction, the director now directly owns 16,500 shares of the company's stock, valued at $636,735. This represents a 29.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,206 shares of company stock worth $1,347,991. Company insiders own 1.50% of the company's stock.

Trustmark Stock Down 1.0 %

Shares of TRMK stock traded down $0.37 on Thursday, reaching $37.88. 93,887 shares of the stock were exchanged, compared to its average volume of 280,559. 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 business's 50 day moving average price is $36.35 and its 200 day moving average price is $33.00. The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of 11.56 and a beta of 0.75. Trustmark Co. has a twelve month low of $25.24 and a twelve month high of $40.73.

Trustmark (NASDAQ:TRMK - Get Free Report) last released its quarterly earnings data 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 company had revenue of $192.30 million during the quarter, compared to the consensus estimate of $192.77 million. During the same quarter in the prior year, the firm posted $0.64 earnings per share. As a group, sell-side analysts expect that Trustmark Co. will post 2.94 earnings per share for the current fiscal year.

Trustmark Announces Dividend

The firm 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 dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.92 annualized dividend and a dividend yield of 2.43%. Trustmark's dividend payout ratio (DPR) is 27.79%.

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.