Trustmark Co. (NASDAQ:TRMK - Get Free Report) Director Marcelo L. Eduardo sold 790 shares of Trustmark stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $35.89, for a total value of $28,353.10. Following the transaction, the director now directly owns 7,334 shares of the company's stock, valued at $263,217.26. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Trustmark Stock Down 1.8 %
TRMK stock opened at $34.72 on Friday. The firm has a 50 day moving average of $32.85 and a 200 day moving average of $31.16. The stock has a market capitalization of $2.13 billion, a PE ratio of 10.49 and a beta of 0.73. Trustmark Co. has a 52 week low of $19.68 and a 52 week high of $36.14. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.09.
Trustmark (NASDAQ:TRMK - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.02. The company 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 firm earned $0.64 EPS. Sell-side analysts forecast that Trustmark Co. will post 2.93 earnings per share for the current year.
Trustmark Dividend Announcement
Bill Gates’s Next Big AI Bet: Stargate
From Brownstone Research | Ad
In February 2016… when almost nobody was talking about artificial intelligence….
I picked Nvidia as one of my favorite stocks.
Shares have jumped by more than 20,000% since then.
I believe we are about to do it again with this new AI project called Stargate
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Sunday, December 1st will be issued a $0.23 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.92 annualized dividend and a yield of 2.65%. Trustmark's dividend payout ratio (DPR) is currently 27.79%.
Analysts Set New Price Targets
TRMK has been the subject of several research analyst reports. Truist Financial raised their price objective on shares of Trustmark from $35.00 to $36.00 and gave the stock a "hold" rating in a report on Friday, October 25th. StockNews.com upgraded shares of Trustmark from a "sell" rating to a "hold" rating in a research report on Thursday, October 24th. DA Davidson raised their target price 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, Hovde Group lifted their price objective on shares of Trustmark from $34.00 to $37.00 and gave the stock a "market perform" rating in a research note on Tuesday. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $35.20.
Read Our Latest Stock Report on Trustmark
Institutional Trading of Trustmark
A number of institutional investors and hedge funds have recently bought and sold shares of TRMK. GAMMA Investing LLC raised its stake in Trustmark by 62.1% during the 2nd quarter. GAMMA Investing LLC now owns 916 shares of the financial services provider's stock worth $28,000 after acquiring an additional 351 shares in the last quarter. EntryPoint Capital LLC acquired a new position in Trustmark during the first quarter worth approximately $52,000. Innealta Capital LLC purchased a new stake in Trustmark during the second quarter valued at about $61,000. nVerses Capital LLC purchased a new stake in Trustmark during the third quarter worth approximately $67,000. Finally, CWM LLC grew its position in 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 acquiring an additional 611 shares in the last quarter. 67.64% of the stock is currently owned by hedge funds and other institutional investors.
Trustmark Company Profile
(
Get Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
