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

Tristate Capital Holdings Inc (NASDAQ:TSC) has received a consensus recommendation of “Buy” from the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $26.00.

A number of equities analysts have recently commented on TSC shares. BidaskClub raised shares of Tristate Capital from a “sell” rating to a “hold” rating in a report on Thursday, September 12th. Raymond James cut their target price on shares of Tristate Capital from $28.00 to $24.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Zacks Investment Research raised shares of Tristate Capital from a “sell” rating to a “hold” rating in a report on Saturday, October 19th. ValuEngine cut shares of Tristate Capital from a “buy” rating to a “hold” rating in a report on Friday, September 27th. Finally, B. Riley set a $27.00 target price on shares of Tristate Capital and gave the company a “buy” rating in a report on Friday, October 18th.

A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. grew its position in Tristate Capital by 2.0% in the 2nd quarter. BlackRock Inc. now owns 4,146,715 shares of the financial services provider’s stock valued at $88,491,000 after buying an additional 80,644 shares during the last quarter. Vanguard Group Inc. grew its position in Tristate Capital by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 1,236,574 shares of the financial services provider’s stock valued at $26,390,000 after buying an additional 7,454 shares during the last quarter. Brown Advisory Inc. grew its position in Tristate Capital by 16.4% in the 2nd quarter. Brown Advisory Inc. now owns 1,232,086 shares of the financial services provider’s stock valued at $26,293,000 after buying an additional 173,682 shares during the last quarter. Northern Trust Corp grew its position in Tristate Capital by 1.7% in the 2nd quarter. Northern Trust Corp now owns 290,169 shares of the financial services provider’s stock valued at $6,192,000 after buying an additional 4,755 shares during the last quarter. Finally, Stephens Inc. AR grew its position 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 valued at $4,416,000 after buying an additional 2,562 shares during the last quarter. Hedge funds and other institutional investors own 71.57% of the company’s stock.

Shares of Tristate Capital stock traded up $0.14 during trading on Thursday, reaching $25.11. The company’s stock had a trading volume of 175,469 shares, compared to its average volume of 113,236. The company has a 50-day moving average price of $23.92 and a two-hundred day moving average price of $21.59. The firm has a market cap of $735.82 million, a PE ratio of 14.51 and a beta of 1.08. Tristate Capital has a fifty-two week low of $18.20 and a fifty-two week high of $25.11. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.72.

Tristate Capital (NASDAQ:TSC) last announced its earnings results on Wednesday, October 16th. The financial services provider reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.07. The business had revenue of $46.56 million for the quarter, compared to analysts’ expectations of $45.39 million. Tristate Capital had a net margin of 19.84% and a return on equity of 13.05%. On average, analysts predict that Tristate Capital will post 1.88 earnings per share for the current fiscal year.

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.

Featured Article: Trading Strategy

Analyst Recommendations for Tristate Capital (NASDAQ:TSC)

Receive News & Ratings for Tristate Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tristate Capital and related companies with MarketBeat.com's FREE daily email newsletter.