Fmr LLC Has $218,000 Stock Position in Trustmark Co. (NASDAQ:TRMK)

Fmr LLC lifted its position in shares of Trustmark Co. (NASDAQ:TRMK) by 143.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 6,851 shares of the financial services provider’s stock after purchasing an additional 4,036 shares during the quarter. Fmr LLC’s holdings in Trustmark were worth $218,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of TRMK. American Century Companies Inc. lifted its position in Trustmark by 25.3% in the second quarter. American Century Companies Inc. now owns 986,322 shares of the financial services provider’s stock worth $29,629,000 after purchasing an additional 199,245 shares during the period. Hanson & Doremus Investment Management acquired a new position in shares of Trustmark in the 2nd quarter valued at $4,199,000. Earnest Partners LLC lifted its holdings in shares of Trustmark by 3.1% during the 2nd quarter. Earnest Partners LLC now owns 3,442,019 shares of the financial services provider’s stock worth $103,398,000 after acquiring an additional 102,268 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Trustmark by 1.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,050,787 shares of the financial services provider’s stock valued at $121,683,000 after acquiring an additional 64,334 shares in the last quarter. Finally, Elizabeth Park Capital Advisors Ltd. bought a new stake in Trustmark in the second quarter valued at about $1,866,000. 67.64% of the stock is currently owned by institutional investors.

Trustmark Stock Performance

NASDAQ TRMK opened at $35.71 on Friday. Trustmark Co. has a 1-year low of $25.24 and a 1-year high of $40.73. The company has a 50 day moving average of $36.99 and a 200-day moving average of $33.37. 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 cap of $2.18 billion, a price-to-earnings ratio of 10.79 and a beta of 0.75.

Trustmark (NASDAQ:TRMK) last released its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.84 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 prior year, the company earned $0.64 EPS. On average, equities analysts forecast 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 was paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.58%. Trustmark’s dividend payout ratio (DPR) is presently 27.79%.

Analyst Ratings Changes

Several research analysts recently issued reports on TRMK shares. Truist Financial increased their price target on shares of Trustmark from $35.00 to $36.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. DA Davidson increased 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. Hovde Group boosted their price target on Trustmark from $34.00 to $37.00 and gave the company a “market perform” rating in a research note on Tuesday, October 29th. Finally, StockNews.com upgraded Trustmark from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $35.20.

Insider Activity at Trustmark

In other Trustmark news, Director Marcelo L. Eduardo sold 790 shares of the 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 transaction, the director now directly owns 7,334 shares in the company, valued at approximately $263,217.26. This trade represents a 9.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gerard R. Host sold 7,000 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $38.59, for a total value of $270,130.00. Following the sale, the director now owns 16,500 shares of the company’s stock, valued at approximately $636,735. The trade was a 29.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 34,206 shares of company stock valued at $1,347,991 over the last ninety days. 1.50% of the stock is owned by insiders.

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.