nVerses Capital LLC Invests $67,000 in Trustmark Co. (NASDAQ:TRMK)

nVerses Capital LLC purchased a new stake in Trustmark Co. (NASDAQ:TRMK) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,100 shares of the financial services provider’s stock, valued at approximately $67,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. SG Americas Securities LLC raised its stake in shares of Trustmark by 338.4% in the third quarter. SG Americas Securities LLC now owns 17,616 shares of the financial services provider’s stock worth $561,000 after acquiring an additional 13,598 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Trustmark in the second quarter valued at approximately $441,000. Magnolia Capital Advisors LLC bought a new position in Trustmark in the 2nd quarter worth approximately $1,081,000. Susquehanna Fundamental Investments LLC acquired a new position in Trustmark during the 2nd quarter worth $388,000. Finally, Earnest Partners LLC boosted its position in Trustmark by 3.1% in the 2nd quarter. Earnest Partners LLC now owns 3,442,019 shares of the financial services provider’s stock valued at $103,398,000 after buying an additional 102,268 shares during the last quarter. Institutional investors and hedge funds own 67.64% of the company’s stock.

Analysts Set New Price Targets

TRMK has been the topic of several research reports. Truist Financial cut their price target on Trustmark from $37.00 to $35.00 and set a “hold” rating on the stock in a research note on Friday, September 20th. DA Davidson upped their target price on shares of Trustmark from $34.00 to $38.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. Finally, StockNews.com cut shares of Trustmark from a “hold” rating to a “sell” rating in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Trustmark presently has an average rating of “Hold” and an average price target of $34.50.

Trustmark Trading Down 2.7 %

NASDAQ:TRMK opened at $33.76 on Tuesday. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of 13.14 and a beta of 0.73. Trustmark Co. has a 1-year low of $18.96 and a 1-year high of $35.72. The business’s 50-day moving average price is $32.42 and its two-hundred day moving average price is $30.80. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.10.

Trustmark (NASDAQ:TRMK) last announced its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. The business had revenue of $283.96 million for the quarter, compared to the consensus estimate of $229.83 million. Trustmark had a net margin of 16.24% and a return on equity of 9.32%. During the same period last year, the company posted $0.74 EPS. On average, equities analysts expect that Trustmark Co. will post 2.92 earnings per share for the current year.

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.