Tristate Capital (NASDAQ:TSC) Reaches New 1-Year High at $25.43

Tristate Capital Holdings Inc (NASDAQ:TSC)’s stock price reached a new 52-week high on Thursday . The company traded as high as $25.43 and last traded at $25.43, with a volume of 504 shares changing hands. The stock had previously closed at $25.16.

A number of analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Tristate Capital from a “sell” rating to a “hold” rating in a report on Saturday, October 19th. BidaskClub upgraded shares of Tristate Capital from a “hold” rating to a “buy” rating in a report on Friday. Raymond James lowered their price target 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. ValuEngine cut shares of Tristate Capital from a “hold” rating to a “sell” rating in a report on Friday. Finally, B. Riley set a $27.00 target price on shares of Tristate Capital and gave the stock a “buy” rating in a research note on Friday, October 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $25.80.

The business’s 50 day moving average is $24.04 and its 200 day moving average is $21.65. The company has a market capitalization of $737.29 million, a price-to-earnings ratio of 14.74 and a beta of 1.08. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.03 and a current ratio of 1.03.

Tristate Capital (NASDAQ:TSC) last released its earnings results on Wednesday, October 16th. The financial services provider reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.07. The company had revenue of $46.56 million during 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%. Sell-side analysts predict that Tristate Capital Holdings Inc will post 1.88 EPS for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. Aperio Group LLC acquired a new stake in Tristate Capital in the 2nd quarter worth approximately $25,000. Tower Research Capital LLC TRC lifted its stake in Tristate Capital by 2,613.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,384 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 1,333 shares during the period. Pacific Ridge Capital Partners LLC acquired a new stake in Tristate Capital during the 2nd quarter valued at approximately $260,000. Carroll Financial Associates Inc. lifted its stake in Tristate Capital by 59.0% during the 3rd quarter. Carroll Financial Associates Inc. now owns 18,050 shares of the financial services provider’s stock valued at $379,000 after acquiring an additional 6,700 shares during the period. Finally, LPL Financial LLC lifted its stake in Tristate Capital by 3.5% during the 2nd quarter. LPL Financial LLC now owns 19,639 shares of the financial services provider’s stock valued at $419,000 after acquiring an additional 671 shares during the period. Institutional investors own 71.57% of the company’s stock.

Tristate Capital Company Profile (NASDAQ:TSC)

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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