TriState Capital Holdings (TSC) Receives $30.00 Consensus Target Price from Brokerages

Shares of TriState Capital Holdings (NASDAQ:TSC) have been assigned a consensus rating of “Hold” from the seven analysts that are presently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $30.00.

A number of research analysts recently commented on TSC shares. Boenning Scattergood reaffirmed a “hold” rating on shares of TriState Capital in a research report on Friday, January 26th. BidaskClub downgraded shares of TriState Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. Zacks Investment Research downgraded shares of TriState Capital from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $32.00 price objective on shares of TriState Capital in a research report on Tuesday, February 27th.

In other TriState Capital news, CFO David J. Demas bought 2,000 shares of TriState Capital stock in a transaction on Thursday, March 15th. The stock was purchased at an average cost of $25.00 per share, for a total transaction of $50,000.00. Following the completion of the purchase, the chief financial officer now directly owns 2,000 shares of the company’s stock, valued at $50,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Brian S. Fetterolf bought 4,000 shares of TriState Capital stock in a transaction on Thursday, March 15th. The stock was acquired at an average price of $25.00 per share, with a total value of $100,000.00. Following the completion of the purchase, the insider now directly owns 4,000 shares of the company’s stock, valued at $100,000. The disclosure for this purchase can be found here. Insiders acquired 9,050 shares of company stock valued at $221,845 over the last quarter. Corporate insiders own 23.70% of the company’s stock.



Hedge funds and other institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN lifted its stake in shares of TriState Capital by 44.3% in the third quarter. Wells Fargo & Company MN now owns 24,432 shares of the financial services provider’s stock worth $560,000 after buying an additional 7,506 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of TriState Capital by 90.0% in the third quarter. Schwab Charles Investment Management Inc. now owns 99,194 shares of the financial services provider’s stock worth $2,272,000 after buying an additional 46,994 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of TriState Capital by 13.6% in the third quarter. Dimensional Fund Advisors LP now owns 872,391 shares of the financial services provider’s stock worth $19,978,000 after buying an additional 104,343 shares during the last quarter. Carroll Financial Associates Inc. acquired a new stake in shares of TriState Capital in the fourth quarter worth $519,000. Finally, IFP Advisors Inc acquired a new stake in shares of TriState Capital in the fourth quarter worth $230,000. Hedge funds and other institutional investors own 59.34% of the company’s stock.

TriState Capital traded down $0.10, reaching $25.65, on Wednesday, according to MarketBeat.com. 748 shares of the company traded hands, compared to its average volume of 106,366. TriState Capital has a 52-week low of $25.60 and a 52-week high of $25.95. The company has a market capitalization of $746.32 million, a PE ratio of 20.69, a PEG ratio of 1.39 and a beta of 0.38. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.07 and a current ratio of 1.07.

TriState Capital (NASDAQ:TSC) last announced its quarterly earnings data on Wednesday, April 18th. The financial services provider reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.01. TriState Capital had a net margin of 21.12% and a return on equity of 10.05%. The firm had revenue of $37.35 million for the quarter, compared to the consensus estimate of $37.99 million. equities analysts forecast that TriState Capital will post 1.54 earnings per share for the current fiscal year.

TriState Capital announced that its board has initiated a share buyback plan on Wednesday, January 24th that allows the company to repurchase $5.00 million in shares. This repurchase authorization allows the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

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. The company operates in two segments, Bank and Investment Management.

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