UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $3.41 Million Stock Holdings in Trustmark Co. (NASDAQ:TRMK)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its holdings in shares of Trustmark Co. (NASDAQ:TRMK) by 4.2% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 107,070 shares of the financial services provider’s stock after selling 4,697 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.18% of Trustmark worth $3,407,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of TRMK. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Trustmark by 11.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,991 shares of the financial services provider’s stock valued at $413,000 after buying an additional 1,381 shares during the last quarter. BNP Paribas Financial Markets increased its position in Trustmark by 93.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 23,767 shares of the financial services provider’s stock valued at $756,000 after acquiring an additional 11,477 shares during the period. FMR LLC raised its stake in shares of Trustmark by 143.4% during the third quarter. FMR LLC now owns 6,851 shares of the financial services provider’s stock valued at $218,000 after acquiring an additional 4,036 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Trustmark during the third quarter worth $327,000. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Trustmark by 6.9% in the third quarter. The Manufacturers Life Insurance Company now owns 32,926 shares of the financial services provider’s stock worth $1,048,000 after purchasing an additional 2,137 shares during the last quarter. 67.64% of the stock is currently owned by institutional investors.

Trustmark Trading Down 0.3 %

Shares of TRMK opened at $37.54 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.87 and a quick ratio of 0.86. Trustmark Co. has a 1-year low of $25.24 and a 1-year high of $40.73. The company has a market capitalization of $2.30 billion, a P/E ratio of 11.34 and a beta of 0.75. The firm’s 50 day simple moving average is $36.59 and its 200 day simple moving average is $33.09.

Trustmark (NASDAQ:TRMK) last released its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.02. Trustmark had a return on equity of 9.48% and a net margin of 17.62%. The firm had revenue of $192.30 million during the quarter, compared to analyst estimates of $192.77 million. During the same quarter in the prior year, the firm posted $0.64 earnings per share. Sell-side analysts forecast that Trustmark Co. will post 2.94 earnings per share for the current fiscal year.

Trustmark Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.45%. The ex-dividend date is Friday, November 29th. Trustmark’s dividend payout ratio is currently 27.79%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TRMK. DA Davidson raised their price objective on Trustmark from $35.00 to $38.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. StockNews.com upgraded shares of Trustmark from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. Truist Financial upped their price objective on shares of Trustmark from $35.00 to $36.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Finally, Hovde Group lifted their target price on shares of Trustmark from $34.00 to $37.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 29th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Trustmark currently has an average rating of “Hold” and an average target price of $35.20.

Insider Activity

In related news, Director Gerard R. Host sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $38.59, for a total value of $270,130.00. Following the transaction, the director now directly owns 16,500 shares of the company’s stock, valued at approximately $636,735. The trade was a 29.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Marcelo L. Eduardo sold 790 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $35.89, for a total transaction of $28,353.10. Following the completion of the sale, the director now owns 7,334 shares in the company, valued at approximately $263,217.26. The trade was 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 valued at $1,347,991 over the last ninety days. 1.50% of the stock is currently owned by corporate insiders.

About Trustmark

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.