Trustmark Corporation $TRMK Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC lowered its position in Trustmark Corporation (NASDAQ:TRMK) by 9.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,872 shares of the financial services provider’s stock after selling 1,682 shares during the quarter. Voya Investment Management LLC’s holdings in Trustmark were worth $582,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. IFP Advisors Inc acquired a new stake in Trustmark in the 1st quarter valued at approximately $51,000. State of Wyoming acquired a new stake in Trustmark in the 1st quarter valued at approximately $52,000. GAMMA Investing LLC increased its holdings in shares of Trustmark by 41.0% during the first quarter. GAMMA Investing LLC now owns 1,809 shares of the financial services provider’s stock valued at $62,000 after purchasing an additional 526 shares during the period. Mascagni Wealth Management Inc. acquired a new position in shares of Trustmark during the fourth quarter valued at $82,000. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of Trustmark by 165.7% during the fourth quarter. Public Employees Retirement System of Ohio now owns 3,289 shares of the financial services provider’s stock valued at $116,000 after purchasing an additional 2,051 shares during the period. Institutional investors and hedge funds own 67.64% of the company’s stock.

Insiders Place Their Bets

In related news, Director Marcelo L. Eduardo sold 700 shares of Trustmark stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $38.49, for a total value of $26,943.00. Following the transaction, the director owned 8,577 shares of the company’s stock, valued at approximately $330,128.73. This trade represents a 7.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gerard R. Host sold 20,970 shares of Trustmark 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 completion of the transaction, the director directly owned 158,360 shares in the company, valued at $6,095,276.40. This represents a 11.69% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,226 shares of company stock worth $897,299 over the last 90 days. Insiders own 1.50% of the company’s stock.

Trustmark Trading Down 0.5%

Shares of NASDAQ:TRMK opened at $40.16 on Friday. The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of 11.28 and a beta of 0.71. Trustmark Corporation has a 1-year low of $29.77 and a 1-year high of $41.33. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.86 and a current ratio of 0.88. The company has a 50 day moving average price of $39.13 and a 200 day moving average price of $36.24.

Trustmark (NASDAQ:TRMK) last posted its quarterly earnings results 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. The company had revenue of $203.44 million for the quarter, compared to analysts’ expectations of $200.35 million. Trustmark had a return on equity of 10.81% and a net margin of 19.21%.During the same quarter in the prior year, the company earned $0.66 earnings per share. On average, research analysts anticipate that Trustmark Corporation will post 3.42 EPS for the current fiscal year.

Trustmark Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 1st were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Friday, August 29th. Trustmark’s payout ratio is presently 26.97%.

Analysts Set New Price Targets

Several research firms have commented on TRMK. Zacks Research cut shares of Trustmark from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Wall Street Zen cut shares of Trustmark from a “buy” rating to a “hold” rating in a research note on Saturday, June 7th. DA Davidson boosted their target price on Trustmark from $39.00 to $43.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Finally, Hovde Group boosted their target price on Trustmark from $37.00 to $41.00 and gave the stock a “market perform” rating in a report on Thursday, July 24th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus 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.