$0.33 EPS Expected for Tristate Capital Holdings Inc (TSC) This Quarter

Equities analysts forecast that Tristate Capital Holdings Inc (NASDAQ:TSC) will report earnings of $0.33 per share for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Tristate Capital’s earnings. The highest EPS estimate is $0.36 and the lowest is $0.31. Tristate Capital reported earnings per share of $0.27 during the same quarter last year, which indicates a positive year over year growth rate of 22.2%. The company is scheduled to announce its next quarterly earnings results on Wednesday, January 24th.

According to Zacks, analysts expect that Tristate Capital will report full year earnings of $1.23 per share for the current year, with EPS estimates ranging from $1.21 to $1.25. For the next fiscal year, analysts forecast that the company will post earnings of $1.51 per share, with EPS estimates ranging from $1.46 to $1.60. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Tristate Capital.

Tristate Capital (NASDAQ:TSC) last released its earnings results on Thursday, October 19th. The financial services provider reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.05. The company had revenue of $35.31 million for the quarter, compared to the consensus estimate of $36.41 million. Tristate Capital had a return on equity of 9.21% and a net margin of 19.58%.

Several equities analysts have recently commented on the company. Zacks Investment Research downgraded Tristate Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th. BidaskClub upgraded Tristate Capital from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. ValuEngine downgraded Tristate Capital from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, Raymond James Financial started coverage on Tristate Capital in a research report on Monday, December 11th. They issued an “outperform” rating and a $28.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $28.60.

Shares of Tristate Capital (TSC) traded down $0.20 during trading on Thursday, hitting $23.30. The stock had a trading volume of 29,900 shares, compared to its average volume of 104,309. Tristate Capital has a fifty-two week low of $19.65 and a fifty-two week high of $26.30. The stock has a market capitalization of $677.58, a P/E ratio of 19.91, a price-to-earnings-growth ratio of 1.93 and a beta of 0.33. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.74.

In other news, Director James J. Dolan sold 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $24.32, for a total transaction of $291,840.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 23.40% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Tristate Capital by 7.8% during the second quarter. Vanguard Group Inc. now owns 951,859 shares of the financial services provider’s stock worth $23,987,000 after buying an additional 69,071 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Tristate Capital by 13.6% during 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 period. Northpointe Capital LLC lifted its holdings in Tristate Capital by 58.3% during the third quarter. Northpointe Capital LLC now owns 802,392 shares of the financial services provider’s stock worth $18,375,000 after buying an additional 295,461 shares during the period. Brown Advisory Inc. lifted its holdings in Tristate Capital by 48.7% during the third quarter. Brown Advisory Inc. now owns 460,691 shares of the financial services provider’s stock worth $10,550,000 after buying an additional 150,954 shares during the period. Finally, State Street Corp lifted its holdings in Tristate Capital by 10.6% during the second quarter. State Street Corp now owns 409,593 shares of the financial services provider’s stock worth $10,323,000 after buying an additional 39,409 shares during the period. Hedge funds and other institutional investors own 59.70% of the company’s stock.

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Tristate Capital Company Profile

TriState Capital Holdings, Inc is a bank holding company. The Company’s subsidiaries include TriState Capital Bank (the Bank), a Pennsylvania chartered bank; Chartwell Investment Partners, LLC (Chartwell), an investment advisor, and Chartwell TSC Securities Corp. (CTSC Securities). The Company operates through two segments: Bank and Investment Management.

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