Tristate Capital Holdings Inc (NASDAQ:TSC) Receives Consensus Rating of “Hold” from Brokerages

Shares of Tristate Capital Holdings Inc (NASDAQ:TSC) have earned an average rating of “Hold” from the six analysts that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $26.50.

A number of research analysts have recently commented on the stock. BidaskClub raised shares of Tristate Capital from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Boenning Scattergood reaffirmed a “hold” rating on shares of Tristate Capital in a research note on Thursday, July 18th. Zacks Investment Research downgraded shares of Tristate Capital from a “buy” rating to a “hold” rating in a research note on Tuesday, May 28th. Maxim Group reaffirmed a “buy” rating and set a $28.00 price objective on shares of Tristate Capital in a research note on Sunday, April 21st. Finally, Stephens reaffirmed a “buy” rating and set a $25.00 price objective on shares of Tristate Capital in a research note on Friday, June 14th.

TSC stock traded down $0.11 during trading on Friday, hitting $19.78. The stock had a trading volume of 40,466 shares, compared to its average volume of 115,492. The company has a 50 day moving average price of $20.68. Tristate Capital has a 1-year low of $18.20 and a 1-year high of $30.10. The company has a market capitalization of $580.92 million, a PE ratio of 11.43, a price-to-earnings-growth ratio of 0.88 and a beta of 1.03. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.03 and a current ratio of 1.03.

Tristate Capital (NASDAQ:TSC) last posted its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $0.47 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.01. Tristate Capital had a net margin of 20.29% and a return on equity of 13.26%. The company had revenue of $43.28 million during the quarter, compared to the consensus estimate of $45.35 million. As a group, analysts predict that Tristate Capital will post 1.87 earnings per share for the current year.

In other news, Director Helen Hanna Casey bought 20,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was acquired at an average price of $25.00 per share, for a total transaction of $500,000.00. Following the acquisition, the director now owns 20,000 shares of the company’s stock, valued at $500,000. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director James J. Dolan bought 5,000 shares of the firm’s stock in a transaction dated Friday, July 19th. The shares were purchased at an average price of $19.77 per share, with a total value of $98,850.00. Following the acquisition, the director now directly owns 4,000 shares in the company, valued at approximately $79,080. The disclosure for this purchase can be found here. Insiders have bought a total of 31,662 shares of company stock valued at $743,363 in the last quarter. Company insiders own 17.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its holdings in Tristate Capital by 9.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,458,693 shares of the financial services provider’s stock worth $28,386,000 after acquiring an additional 131,522 shares during the period. Banc Funds Co. LLC boosted its holdings in Tristate Capital by 3.8% in the 1st quarter. Banc Funds Co. LLC now owns 1,345,066 shares of the financial services provider’s stock worth $27,480,000 after acquiring an additional 49,300 shares during the period. Clearbridge Investments LLC boosted its holdings in Tristate Capital by 10.8% in the 1st quarter. Clearbridge Investments LLC now owns 739,933 shares of the financial services provider’s stock worth $15,117,000 after acquiring an additional 72,067 shares during the period. Geode Capital Management LLC boosted its holdings in Tristate Capital by 5.6% in the 4th quarter. Geode Capital Management LLC now owns 275,340 shares of the financial services provider’s stock worth $5,358,000 after acquiring an additional 14,702 shares during the period. Finally, Stephens Inc. AR boosted its holdings in Tristate Capital by 1.3% in the 2nd quarter. Stephens Inc. AR now owns 206,921 shares of the financial services provider’s stock worth $4,416,000 after acquiring an additional 2,562 shares during the period. Hedge funds and other institutional investors own 71.70% of the company’s stock.

Tristate Capital Company Profile

TriState Capital Holdings, Inc operates as the bank holding company for TriState Capital Bank that provides various commercial and private banking services to middle-market businesses and high-net-worth individuals in the United States. It operates in two segments, Bank and Investment Management. The company's deposit products include checking accounts, money market deposit accounts, and certificates of deposit, as well as promontory's certificate of deposit account registry services and insured cash sweep services.

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