Trustmark Corp. (NASDAQ:TRMK) insider George C. Gunn III sold 9,000 shares of the company’s stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $31.94, for a total transaction of $287,460.00. Following the transaction, the insider now directly owns 17,201 shares in the company, valued at $549,399.94. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of Trustmark Corp. (NASDAQ:TRMK) opened at 32.88 on Friday. Trustmark Corp. has a 52-week low of $19.75 and a 52-week high of $32.91. The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of 20.76 and a beta of 0.92. The company has a 50 day moving average of $28.29 and a 200 day moving average of $26.43.

Trustmark Corp. (NASDAQ:TRMK) last announced its quarterly earnings data on Tuesday, October 25th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.02. Trustmark Corp. had a return on equity of 7.57% and a net margin of 17.85%. The firm had revenue of $146.89 million for the quarter, compared to analysts’ expectations of $147.15 million. During the same period last year, the business posted $0.42 earnings per share. The firm’s revenue for the quarter was down .5% on a year-over-year basis. Analysts predict that Trustmark Corp. will post $1.59 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date is Tuesday, November 29th. Trustmark Corp.’s payout ratio is 57.86%.

A number of research firms have recently weighed in on TRMK. Zacks Investment Research cut shares of Trustmark Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, September 29th. Keefe, Bruyette & Woods raised shares of Trustmark Corp. from an “underperform” rating to a “market perform” rating and upped their price target for the stock from $23.00 to $25.00 in a research note on Thursday, July 28th. Finally, Jefferies Group upped their price target on shares of Trustmark Corp. from $25.00 to $26.00 and gave the stock a “hold” rating in a research note on Thursday, July 28th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $26.75.

A number of large investors have recently bought and sold shares of TRMK. BlackRock Fund Advisors boosted its stake in Trustmark Corp. by 4.9% in the third quarter. BlackRock Fund Advisors now owns 7,154,870 shares of the financial services provider’s stock worth $197,188,000 after buying an additional 332,853 shares during the last quarter. Vanguard Group Inc. boosted its stake in Trustmark Corp. by 3.8% in the second quarter. Vanguard Group Inc. now owns 4,833,805 shares of the financial services provider’s stock worth $120,120,000 after buying an additional 178,348 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Trustmark Corp. by 14.9% in the second quarter. Dimensional Fund Advisors LP now owns 4,306,569 shares of the financial services provider’s stock worth $107,017,000 after buying an additional 557,405 shares during the last quarter. Northern Trust Corp boosted its stake in Trustmark Corp. by 1.0% in the third quarter. Northern Trust Corp now owns 2,164,866 shares of the financial services provider’s stock worth $59,664,000 after buying an additional 21,254 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in Trustmark Corp. by 0.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,086,663 shares of the financial services provider’s stock worth $57,508,000 after buying an additional 6,462 shares during the last quarter. Institutional investors own 63.99% of the company’s stock.

About Trustmark Corp.

Trustmark Corporation (Trustmark) is a bank holding company. Trustmark’s principal subsidiary is Trustmark National Bank (TNB). Through TNB and other subsidiaries, Trustmark operates as a financial services organization providing banking and other financial solutions through approximately 205 offices in Alabama, Florida, Mississippi, Tennessee and Texas.

5 Day Chart for NASDAQ:TRMK

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