6,600 Shares in Trustmark Corporation $TRMK Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Trustmark Corporation (NASDAQ:TRMK) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 6,600 shares of the financial services provider’s stock, valued at approximately $241,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP raised its position in Trustmark by 34.2% in the 1st quarter. Wellington Management Group LLP now owns 3,318,799 shares of the financial services provider’s stock valued at $114,465,000 after purchasing an additional 846,238 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Trustmark in the first quarter valued at $5,697,000. Edgestream Partners L.P. increased its stake in shares of Trustmark by 172.9% in the first quarter. Edgestream Partners L.P. now owns 204,665 shares of the financial services provider’s stock valued at $7,059,000 after buying an additional 129,679 shares in the last quarter. Trexquant Investment LP increased its stake in shares of Trustmark by 379.0% in the first quarter. Trexquant Investment LP now owns 125,516 shares of the financial services provider’s stock valued at $4,329,000 after buying an additional 99,313 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Trustmark by 11.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 993,941 shares of the financial services provider’s stock valued at $34,281,000 after buying an additional 99,134 shares in the last quarter. 67.64% of the stock is owned by institutional investors.

Trustmark Stock Up 1.8%

Shares of Trustmark stock opened at $38.74 on Monday. Trustmark Corporation has a 1 year low of $29.77 and a 1 year high of $41.33. The business has a 50-day moving average of $39.54 and a two-hundred day moving average of $37.06. The company has a market capitalization of $2.34 billion, a P/E ratio of 10.88 and a beta of 0.67. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.88 and a quick ratio of 0.86.

Insider Activity at Trustmark

In related news, Director Marcelo L. Eduardo sold 700 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $38.49, for a total transaction of $26,943.00. Following the transaction, the director directly owned 8,577 shares of the company’s stock, valued at approximately $330,128.73. The trade was a 7.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gerard R. Host sold 20,970 shares of Trustmark stock in a transaction that occurred on 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 directly owned 158,360 shares of the company’s stock, valued at approximately $6,095,276.40. The trade was a 11.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,226 shares of company stock valued at $897,299 over the last three months. Insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on TRMK shares. Zacks Research downgraded Trustmark from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. Hovde Group boosted their target price on Trustmark from $37.00 to $41.00 and gave the stock a “market perform” rating in a research report on Thursday, July 24th. Weiss Ratings restated a “buy (b-)” rating on shares of Trustmark in a research report on Friday. Finally, DA Davidson boosted their target price on Trustmark from $39.00 to $43.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $42.25.

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.