Trustmark Corporation (NASDAQ:TRMK) insider Charles Scott Woods sold 600 shares of Trustmark stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $33.32, for a total transaction of $19,992.00. Following the completion of the sale, the insider now directly owns 12,779 shares of the company’s stock, valued at $425,796.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Trustmark Corporation (NASDAQ TRMK) traded down $0.21 during trading hours on Monday, hitting $32.93. 322,100 shares of the stock traded hands, compared to its average volume of 289,425. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $2,230.75, a P/E ratio of 17.52 and a beta of 1.15. Trustmark Corporation has a one year low of $28.16 and a one year high of $36.79.

Trustmark (NASDAQ:TRMK) last posted its earnings results on Tuesday, October 24th. The financial services provider reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03. The company had revenue of $153.37 million during the quarter, compared to the consensus estimate of $154.40 million. Trustmark had a net margin of 18.56% and a return on equity of 8.21%. During the same period in the previous year, the firm posted $0.47 earnings per share. equities research analysts predict that Trustmark Corporation will post 1.91 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.79%. The ex-dividend date is Thursday, November 30th. Trustmark’s dividend payout ratio (DPR) is presently 52.57%.

A number of institutional investors have recently added to or reduced their stakes in TRMK. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Trustmark by 9.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,333 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 296 shares during the last quarter. Creative Planning boosted its holdings in Trustmark by 7.0% during the second quarter. Creative Planning now owns 3,705 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 241 shares during the last quarter. Flinton Capital Management LLC boosted its holdings in Trustmark by 37.6% during the second quarter. Flinton Capital Management LLC now owns 4,448 shares of the financial services provider’s stock worth $143,000 after purchasing an additional 1,216 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new position in Trustmark during the third quarter worth about $202,000. Finally, Riverhead Capital Management LLC boosted its holdings in Trustmark by 38.5% during the second quarter. Riverhead Capital Management LLC now owns 7,065 shares of the financial services provider’s stock worth $227,000 after purchasing an additional 1,965 shares during the last quarter. Institutional investors and hedge funds own 62.54% of the company’s stock.

Several research firms have weighed in on TRMK. Jefferies Group reaffirmed a “hold” rating and issued a $36.00 price target on shares of Trustmark in a research note on Thursday, October 12th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $34.00 target price on shares of Trustmark in a research report on Thursday, October 26th. Zacks Investment Research downgraded shares of Trustmark from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, ValuEngine raised shares of Trustmark from a “hold” rating to a “buy” rating in a research report on Saturday, September 30th. Two research analysts have rated the stock with a sell rating and five have given a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $34.40.

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About Trustmark

Trustmark Corporation is a bank holding company. The Company’s principal subsidiary is Trustmark National Bank (TNB). Through TNB and its subsidiaries, the Company operates as a financial services company providing banking and other financial solutions. It operates through three segments: General Banking, Wealth Management and Insurance.

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