Harbor Capital Advisors Inc. Has $554,000 Stock Holdings in Trustmark Co. (NASDAQ:TRMK)

Harbor Capital Advisors Inc. lowered its position in shares of Trustmark Co. (NASDAQ:TRMK) by 9.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,657 shares of the financial services provider’s stock after selling 1,699 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Trustmark were worth $554,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of TRMK. GoalVest Advisory LLC bought a new position in shares of Trustmark in the third quarter worth $63,000. nVerses Capital LLC acquired a new stake in Trustmark during the third quarter worth about $67,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Trustmark in the 3rd quarter valued at about $130,000. Blue Trust Inc. raised its position in shares of 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 buying an additional 3,430 shares in the last quarter. Finally, Arlington Trust Co LLC lifted its holdings in shares of Trustmark by 77.0% during the 3rd quarter. Arlington Trust Co LLC now owns 5,309 shares of the financial services provider’s stock worth $169,000 after acquiring an additional 2,309 shares during the period. Institutional investors own 67.64% of the company’s stock.

Trustmark Stock Up 3.7 %

Shares of TRMK opened at $34.76 on Wednesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.86 and a current ratio of 0.87. Trustmark Co. has a 52 week low of $25.24 and a 52 week high of $40.73. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of 10.50 and a beta of 0.76. The stock has a fifty day moving average of $37.16 and a 200-day moving average of $34.17.

Trustmark (NASDAQ:TRMK) last posted its earnings results on Tuesday, October 22nd. The financial services provider reported $0.84 EPS for the quarter, beating the consensus estimate of $0.82 by $0.02. The firm had revenue of $192.30 million during 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 company earned $0.64 earnings per share. As a group, sell-side analysts anticipate that Trustmark Co. will post 2.94 earnings per share for the current fiscal year.

Trustmark Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Investors of record on Sunday, December 1st were given a dividend of $0.23 per share. The ex-dividend date was Friday, November 29th. This represents a $0.92 annualized dividend and a yield of 2.65%. Trustmark’s dividend payout ratio is presently 27.79%.

Insiders Place Their Bets

In other news, 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 value of $270,130.00. Following the completion of the sale, the director now owns 16,500 shares of the company’s stock, valued at approximately $636,735. This represents a 29.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Marcelo L. Eduardo sold 790 shares of Trustmark stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 7,334 shares in the company, valued at approximately $263,217.26. This represents a 9.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 34,206 shares of company stock valued at $1,347,991 in the last ninety days. 1.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

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.