Trustmark Corporation $TRMK Shares Sold by Deutsche Bank AG

Deutsche Bank AG lessened its holdings in Trustmark Corporation (NASDAQ:TRMK) by 9.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,583 shares of the financial services provider’s stock after selling 5,173 shares during the period. Deutsche Bank AG owned approximately 0.08% of Trustmark worth $1,641,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Wellington Management Group LLP lifted its stake in shares of Trustmark by 82.2% in the 4th quarter. Wellington Management Group LLP now owns 2,472,561 shares of the financial services provider’s stock valued at $87,454,000 after purchasing an additional 1,115,708 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Trustmark by 11.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 993,941 shares of the financial services provider’s stock valued at $34,281,000 after purchasing an additional 99,134 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Trustmark by 5.0% in the 4th quarter. Northern Trust Corp now owns 808,844 shares of the financial services provider’s stock valued at $28,609,000 after purchasing an additional 38,594 shares during the last quarter. Federated Hermes Inc. lifted its stake in shares of Trustmark by 0.6% in the 1st quarter. Federated Hermes Inc. now owns 341,927 shares of the financial services provider’s stock valued at $11,793,000 after purchasing an additional 2,050 shares during the last quarter. Finally, Edgestream Partners L.P. lifted its stake in shares of Trustmark by 172.9% in the 1st quarter. Edgestream Partners L.P. now owns 204,665 shares of the financial services provider’s stock valued at $7,059,000 after purchasing an additional 129,679 shares during the last quarter. Institutional investors and hedge funds own 67.64% of the company’s stock.

Trustmark Price Performance

TRMK stock opened at $40.35 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $2.44 billion, a PE ratio of 11.33 and a beta of 0.70. Trustmark Corporation has a 12-month low of $29.77 and a 12-month high of $40.73. The business’s fifty day moving average price is $37.43 and its 200 day moving average price is $35.66.

Trustmark (NASDAQ:TRMK) last posted its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.06. Trustmark had a return on equity of 10.81% and a net margin of 19.21%.The firm had revenue of $203.44 million for the quarter, compared to the consensus estimate of $200.35 million. During the same quarter in the previous year, the business earned $0.66 EPS. On average, sell-side analysts anticipate that Trustmark Corporation will post 3.42 EPS for the current year.

Trustmark Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 1st will be issued a dividend of $0.24 per share. The ex-dividend date is Friday, August 29th. This represents a $0.96 annualized dividend and a yield of 2.4%. Trustmark’s dividend payout ratio is 26.97%.

Insider Activity

In other Trustmark news, Director Marcelo L. Eduardo sold 700 shares of the company’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $38.49, for a total transaction of $26,943.00. Following the sale, the director owned 8,577 shares in the company, valued at $330,128.73. This represents a 7.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gerard R. Host sold 20,970 shares of the company’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $38.49, for a total value of $807,135.30. Following the sale, the director owned 158,360 shares in the company, valued at approximately $6,095,276.40. This trade represents a 11.69% decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

TRMK has been the topic of several recent analyst reports. Wall Street Zen lowered Trustmark from a “buy” rating to a “hold” rating in a research note on Saturday, June 7th. DA Davidson boosted their price objective on Trustmark from $39.00 to $43.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Finally, Hovde Group boosted their price objective on Trustmark from $37.00 to $41.00 and gave the company a “market perform” rating in a report on Thursday, July 24th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $41.00.

Trustmark Company 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.