Mutual of America Capital Management LLC Has $293,000 Stock Holdings in Trustmark Co. (NASDAQ:TRMK)

Mutual of America Capital Management LLC decreased its position in shares of Trustmark Co. (NASDAQ:TRMK) by 8.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,206 shares of the financial services provider’s stock after selling 854 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Trustmark were worth $293,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Russell Investments Group Ltd. bought a new position in shares of Trustmark in the 1st quarter worth about $240,000. CANADA LIFE ASSURANCE Co boosted its stake in shares of Trustmark by 6.8% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 54,949 shares of the financial services provider’s stock worth $1,542,000 after buying an additional 3,492 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Trustmark by 4.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 46,070 shares of the financial services provider’s stock valued at $1,296,000 after purchasing an additional 2,109 shares during the last quarter. Comerica Bank raised its holdings in Trustmark by 18.7% during the 1st quarter. Comerica Bank now owns 34,013 shares of the financial services provider’s stock valued at $956,000 after acquiring an additional 5,360 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of Trustmark by 62.1% in the second quarter. GAMMA Investing LLC now owns 916 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 351 shares during the period. 67.64% of the stock is owned by institutional investors and hedge funds.

Trustmark Price Performance

Shares of NASDAQ TRMK opened at $39.68 on Friday. Trustmark Co. has a fifty-two week low of $22.11 and a fifty-two week high of $40.73. The company has a 50 day simple moving average of $35.02 and a two-hundred day simple moving average of $32.42. The company has a market capitalization of $2.43 billion, a price-to-earnings ratio of 11.99 and a beta of 0.72. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.86 and a current ratio of 0.87.

Trustmark (NASDAQ:TRMK) last announced its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.84 earnings per share for the quarter, beating the consensus estimate 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 quarter last year, the firm earned $0.64 earnings per share. Analysts expect that Trustmark Co. will post 2.94 EPS for the current fiscal year.

Trustmark Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Friday, November 29th. Trustmark’s payout ratio is 27.79%.

Insider Buying and Selling

In related news, Director Gerard R. Host sold 7,000 shares of the stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $38.59, for a total value of $270,130.00. Following the sale, the director now directly owns 16,500 shares of the company’s stock, valued at $636,735. This represents a 29.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Marcelo L. Eduardo sold 790 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 7,334 shares in the company, valued at $263,217.26. This represents a 9.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,206 shares of company stock valued at $1,347,991. Company insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.