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Big Mover; BancTrust Financial Group Inc. (BTFG)

By Warren Paige

Shares of BancTrust Financial Group Inc. (NASDAQ: BTFG), a bank holding company, are seeing a huge rally today after the company agreed to merge into Trustmark Corporation (NASDAQ: TRMK).

BTFG shares rose to a new 52-week high of $3 in trading today. At last check, the stock was trading 55.53% higher at $2.95 on above average volume of 614,797.

BancTrust and Trustmark signed a definitive agreement under which holders of BTFG common stock will receive 0.125 shares of Trustmark common stock for each share of BTFG common stock they hold in a tax-free exchange.

Gerard R. Host, President and CEO of Trustmark, said that this is a strategic opportunity that will be meaningfully accretive to Trustmark’s earnings per share in 2013 and beyond.

Meanwhile, W. Bibb Lamar Jr., President and CEO of BancTrust, said that BTFG is delighted to become a part of the Trustmark organization.

May 29th, 2012 | Tags: , | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.