Tristate Capital (TSC) Lowered to Hold at BidaskClub

BidaskClub cut shares of Tristate Capital (NASDAQ:TSC) from a buy rating to a hold rating in a report released on Wednesday.

TSC has been the topic of a number of other reports. Stephens restated a buy rating and set a $32.00 price target on shares of Tristate Capital in a research report on Thursday, October 18th. Boenning Scattergood restated a hold rating on shares of Tristate Capital in a research report on Monday, October 8th. Maxim Group restated a buy rating and set a $31.00 price target on shares of Tristate Capital in a research report on Thursday, October 18th. Zacks Investment Research downgraded shares of Tristate Capital from a buy rating to a hold rating in a research report on Tuesday, October 23rd. Finally, ValuEngine downgraded shares of Tristate Capital from a hold rating to a sell rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. Tristate Capital has a consensus rating of Hold and an average target price of $31.60.

Shares of NASDAQ:TSC opened at $23.02 on Wednesday. The stock has a market capitalization of $672.20 million, a P/E ratio of 18.56, a PEG ratio of 1.13 and a beta of 0.65. Tristate Capital has a fifty-two week low of $22.05 and a fifty-two week high of $30.10. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.02 and a current ratio of 1.02.



Tristate Capital (NASDAQ:TSC) last issued its quarterly earnings data on Wednesday, October 17th. The financial services provider reported $0.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.01. The firm had revenue of $41.57 million for the quarter, compared to the consensus estimate of $43.64 million. Tristate Capital had a net margin of 22.52% and a return on equity of 11.43%. On average, research analysts expect that Tristate Capital will post 1.71 earnings per share for the current fiscal year.

In other Tristate Capital news, Chairman James F. Getz sold 10,000 shares of the company’s stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $29.86, for a total transaction of $298,600.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Brian S. Fetterolf bought 4,300 shares of the business’s stock in a transaction on Monday, October 22nd. The shares were acquired at an average price of $24.27 per share, for a total transaction of $104,361.00. The disclosure for this purchase can be found here. Insiders acquired a total of 15,800 shares of company stock worth $383,831 in the last three months. Insiders own 23.40% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Mckinley Capital Management LLC Delaware bought a new stake in Tristate Capital during the 3rd quarter worth approximately $101,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Tristate Capital in the third quarter valued at $119,000. Girard Partners LTD. bought a new position in shares of Tristate Capital in the third quarter valued at $138,000. C M Bidwell & Associates Ltd. acquired a new stake in Tristate Capital during the 3rd quarter valued at $170,000. Finally, ClariVest Asset Management LLC acquired a new stake in Tristate Capital during the 3rd quarter valued at $180,000. Institutional investors and hedge funds own 72.50% of the company’s stock.

About Tristate Capital

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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Analyst Recommendations for Tristate Capital (NASDAQ:TSC)

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