TriState Capital (NASDAQ:TSC) posted its quarterly earnings data on Tuesday. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.06, MarketWatch Earnings reports. TriState Capital had a net margin of 18.50% and a return on equity of 8.75%.
TSC stock traded down $0.32 during midday trading on Thursday, reaching $20.32. 956 shares of the company were exchanged, compared to its average volume of 92,145. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.95 and a quick ratio of 0.95. The stock’s 50-day simple moving average is $21.73. TriState Capital has a one year low of $12.09 and a one year high of $26.42. The firm has a market capitalization of $673.81 million, a price-to-earnings ratio of 16.13 and a beta of 2.09.
TSC has been the topic of a number of recent research reports. Wedbush downgraded shares of TriState Capital from an “outperform” rating to a “neutral” rating in a report on Friday, April 23rd. B. Riley upgraded shares of TriState Capital from a “neutral” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Monday, July 12th. Raymond James boosted their target price on shares of TriState Capital from $26.00 to $29.00 and gave the stock a “strong-buy” rating in a report on Wednesday, April 7th. DA Davidson downgraded shares of TriState Capital from a “buy” rating to a “neutral” rating in a report on Tuesday, March 30th. Finally, Zacks Investment Research upgraded shares of TriState Capital from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Wednesday, June 30th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $26.00.
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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