10,274 Shares in Trustmark Co. (NASDAQ:TRMK) Acquired by Watershed Asset Management L.L.C.

Watershed Asset Management L.L.C. bought a new position in shares of Trustmark Co. (NASDAQ:TRMK) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,274 shares of the financial services provider’s stock, valued at approximately $286,000.

Other large investors have also recently added to or reduced their stakes in the company. Headlands Technologies LLC bought a new stake in Trustmark during the third quarter worth approximately $28,000. Arlington Trust Co LLC bought a new stake in Trustmark during the fourth quarter worth approximately $84,000. Nisa Investment Advisors LLC boosted its holdings in Trustmark by 1,029.7% during the third quarter. Nisa Investment Advisors LLC now owns 6,055 shares of the financial services provider’s stock worth $132,000 after buying an additional 5,519 shares in the last quarter. Advisor Resource Council acquired a new position in Trustmark in the 4th quarter worth approximately $230,000. Finally, Teza Capital Management LLC acquired a new position in Trustmark in the 3rd quarter worth approximately $242,000. 67.64% of the stock is currently owned by institutional investors.

Trustmark Stock Up 3.0 %

Shares of NASDAQ:TRMK traded up $0.80 during trading on Tuesday, reaching $27.55. 274,462 shares of the company traded hands, compared to its average volume of 272,538. The firm has a fifty day simple moving average of $26.71 and a 200 day simple moving average of $25.39. The firm has a market cap of $1.69 billion, a P/E ratio of 10.17 and a beta of 0.82. Trustmark Co. has a 1-year low of $18.96 and a 1-year high of $28.65. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.11.

Trustmark (NASDAQ:TRMK) last issued its earnings results on Wednesday, January 24th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. The company had revenue of $189.85 million during the quarter, compared to analyst estimates of $187.63 million. Trustmark had a net margin of 15.06% and a return on equity of 10.77%. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter last year, the business posted $0.68 EPS. Analysts anticipate that Trustmark Co. will post 2.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TRMK has been the subject of a number of recent analyst reports. StockNews.com raised shares of Trustmark from a “sell” rating to a “hold” rating in a research note on Friday. Truist Financial raised their price objective on shares of Trustmark from $29.00 to $30.00 and gave the stock a “hold” rating in a research note on Monday, April 1st. Piper Sandler reaffirmed a “neutral” rating and issued a $29.00 price objective on shares of Trustmark in a research note on Tuesday, March 26th. DA Davidson reaffirmed a “neutral” rating on shares of Trustmark in a research note on Monday, January 15th. Finally, TheStreet raised shares of Trustmark from a “c+” rating to a “b” rating in a research note on Tuesday, January 23rd. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Trustmark currently has an average rating of “Hold” and a consensus target price of $29.67.

Trustmark 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.