Zurcher Kantonalbank Zurich Cantonalbank Has $413,000 Stock Holdings in Trustmark Co. (NASDAQ:TRMK)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Trustmark Co. (NASDAQ:TRMK) by 11.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,991 shares of the financial services provider’s stock after purchasing an additional 1,381 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Trustmark were worth $413,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. boosted its position in shares of Trustmark by 25.3% during the second quarter. American Century Companies Inc. now owns 986,322 shares of the financial services provider’s stock worth $29,629,000 after purchasing an additional 199,245 shares in the last quarter. Hanson & Doremus Investment Management bought a new position in Trustmark during the second quarter worth about $4,199,000. Earnest Partners LLC grew its stake in Trustmark by 3.1% in the second quarter. Earnest Partners LLC now owns 3,442,019 shares of the financial services provider’s stock valued at $103,398,000 after acquiring an additional 102,268 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Trustmark by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 4,050,787 shares of the financial services provider’s stock worth $121,683,000 after acquiring an additional 64,334 shares in the last quarter. Finally, Elizabeth Park Capital Advisors Ltd. acquired a new stake in shares of Trustmark during the second quarter worth about $1,866,000. Institutional investors and hedge funds own 67.64% of the company’s stock.

Wall Street Analysts Forecast Growth

TRMK has been the subject of a number of research reports. Hovde Group increased their target price on Trustmark from $34.00 to $37.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 29th. Truist Financial increased their price objective on shares of Trustmark from $35.00 to $36.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. StockNews.com raised shares of Trustmark from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, DA Davidson lifted their price target on Trustmark from $35.00 to $38.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. 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, Trustmark currently has a consensus rating of “Hold” and an average target price of $35.20.

Trustmark Stock Performance

Shares of TRMK opened at $38.29 on Friday. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 11.57 and a beta of 0.75. Trustmark Co. has a 12 month low of $24.88 and a 12 month high of $40.73. The firm has a fifty day simple moving average of $35.94 and a 200 day simple moving average of $32.83. 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 (NASDAQ:TRMK) last posted its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.02. The company 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 prior year, the business posted $0.64 EPS. Research analysts forecast that Trustmark Co. will post 2.94 EPS for the current fiscal year.

Trustmark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st will be paid a $0.23 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.92 dividend on an annualized basis and a yield of 2.40%. Trustmark’s dividend payout ratio is 27.79%.

Insider Transactions at Trustmark

In other Trustmark news, Director Gerard R. Host sold 7,000 shares of the stock in a transaction on Thursday, November 14th. The shares were 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 in the company, valued at $636,735. This trade represents a 29.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Marcelo L. Eduardo sold 790 shares of Trustmark stock in a transaction dated Wednesday, October 30th. The shares were 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. This trade represents a 9.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 34,206 shares of company stock worth $1,347,991 in the last 90 days. Corporate 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.