Captrust Financial Advisors Sells 817 Shares of Trustmark Co. (NASDAQ:TRMK)

Captrust Financial Advisors cut its holdings in Trustmark Co. (NASDAQ:TRMK) by 10.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,773 shares of the financial services provider’s stock after selling 817 shares during the period. Captrust Financial Advisors’ holdings in Trustmark were worth $216,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Innealta Capital LLC bought a new position in Trustmark in the 2nd quarter valued at $61,000. GoalVest Advisory LLC bought a new position in Trustmark in the 3rd quarter valued at $63,000. nVerses Capital LLC bought a new position in Trustmark in the 3rd quarter valued at $67,000. Blue Trust Inc. boosted its holdings in Trustmark by 225.2% in 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 period. Finally, Arlington Trust Co LLC boosted its holdings in Trustmark by 77.0% in the 3rd quarter. Arlington Trust Co LLC now owns 5,309 shares of the financial services provider’s stock valued at $169,000 after purchasing an additional 2,309 shares during the period. 67.64% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Gerard R. Host sold 26,416 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $39.73, for a total value of $1,049,507.68. Following the completion of the transaction, the director now directly owns 26,792 shares of the company’s stock, valued at $1,064,446.16. This represents a 49.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Marcelo L. Eduardo sold 790 shares of the stock in a transaction dated Wednesday, October 30th. The stock was 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 approximately $263,217.26. The trade was a 9.72 % decrease in their ownership of the stock. 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. Insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Truist Financial lifted 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. DA Davidson lifted their price objective on shares of Trustmark from $35.00 to $38.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. StockNews.com raised shares of Trustmark from a “sell” rating to a “hold” rating in a report 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 report on Tuesday, October 29th. 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, the stock has a consensus rating of “Hold” and an average target price of $35.20.

Trustmark Stock Performance

Trustmark stock opened at $37.54 on Monday. 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 company has a market capitalization of $2.30 billion, a PE ratio of 11.34 and a beta of 0.75. The firm has a fifty day simple moving average of $36.59 and a two-hundred day simple moving average of $33.15. Trustmark Co. has a twelve month low of $25.24 and a twelve month high of $40.73.

Trustmark (NASDAQ:TRMK) last posted 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 business had revenue of $192.30 million during the quarter, compared to the consensus estimate of $192.77 million. Trustmark had a net margin of 17.62% and a return on equity of 9.48%. During the same period in the previous year, the firm posted $0.64 earnings per share. Research analysts expect that Trustmark Co. will post 2.94 EPS for the current 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 $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.45%. The ex-dividend date was Friday, November 29th. Trustmark’s dividend payout ratio is presently 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.