KBC Group NV Acquires 951 Shares of Trustmark Co. (NASDAQ:TRMK)

KBC Group NV raised its stake in shares of Trustmark Co. (NASDAQ:TRMK) by 43.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,163 shares of the financial services provider’s stock after buying an additional 951 shares during the quarter. KBC Group NV’s holdings in Trustmark were worth $112,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Sanctuary Advisors LLC acquired a new stake in shares of Trustmark during the second quarter worth about $441,000. SG Americas Securities LLC lifted its position in shares of Trustmark by 338.4% in the third quarter. SG Americas Securities LLC now owns 17,616 shares of the financial services provider’s stock worth $561,000 after purchasing an additional 13,598 shares in the last quarter. nVerses Capital LLC acquired a new position in Trustmark during the third quarter worth $67,000. Blue Trust Inc. boosted its holdings in Trustmark by 225.2% during the third quarter. Blue Trust Inc. now owns 4,953 shares of the financial services provider’s stock worth $149,000 after purchasing an additional 3,430 shares during the last quarter. Finally, Arlington Trust Co LLC grew its position in Trustmark by 77.0% in the third 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 in the last quarter. Institutional investors own 67.64% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on TRMK. Truist Financial increased their price target on Trustmark from $35.00 to $36.00 and gave the company a “hold” rating in a research report on Friday, October 25th. StockNews.com raised Trustmark from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Janney Montgomery Scott initiated coverage on Trustmark in a research report on Friday, January 24th. They issued a “buy” rating and a $42.00 price objective for the company. 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 upped their price target on shares of Trustmark from $40.00 to $41.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Trustmark presently has an average rating of “Hold” and an average target price of $38.67.

Trustmark Stock Down 1.5 %

Shares of TRMK opened at $38.26 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.09. Trustmark Co. has a 12 month low of $25.24 and a 12 month high of $40.73. The stock has a market capitalization of $2.34 billion, a PE ratio of 10.51 and a beta of 0.76. The firm’s 50 day moving average is $36.33 and its 200-day moving average is $34.75.

Trustmark (NASDAQ:TRMK) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.09. Trustmark had a net margin of 19.42% and a return on equity of 10.12%. Equities research analysts forecast that Trustmark Co. will post 3.4 EPS for the current year.

Trustmark Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Saturday, March 1st will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from Trustmark’s previous quarterly dividend of $0.23. Trustmark’s payout ratio is currently 25.27%.

Insider Transactions at Trustmark

In other news, Director Gerard R. Host sold 26,416 shares of the firm’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 completion of the transaction, the director now directly owns 26,792 shares in the company, valued at $1,064,446.16. This trade represents a 49.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.50% of the company’s stock.

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.