According to Zacks, “Tristate Capital Holdings, Inc. is a bank holding company for TriState Capital Bank. The company provides commercial and private banking services to middle market businesses, professionals and high net worth individuals. It offers deposit products, commercial and industrial loans as well as cash management services which consist of online balance reporting, online bill payment, remote deposit, liquidity services, wire and ACH services, foreign exchange, controlled disbursement services and capital market services. Tristate Capital Holdings, Inc. is headquartered in Pittsburgh, Pennsylvania. “
A number of other equities analysts have also recently issued reports on the company. BidaskClub raised Tristate Capital from a sell rating to a hold rating in a report on Tuesday, April 9th. Maxim Group reissued a buy rating and issued a $28.00 target price on shares of Tristate Capital in a report on Friday, February 1st. Finally, Stephens reissued a buy rating and issued a $25.00 target price on shares of Tristate Capital in a report on Thursday, January 31st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $30.25.
Shares of TSC stock opened at $23.14 on Wednesday. Tristate Capital has a 12 month low of $18.20 and a 12 month high of $30.10. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $639.58 million, a price-to-earnings ratio of 13.38, a PEG ratio of 0.95 and a beta of 1.08.
Tristate Capital (NASDAQ:TSC) last issued its earnings results on Wednesday, April 17th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.05. Tristate Capital had a return on equity of 12.35% and a net margin of 21.97%. The business had revenue of $43.82 million during the quarter, compared to analysts’ expectations of $43.30 million. On average, equities research analysts forecast that Tristate Capital will post 1.9 EPS for the current year.
In related news, CEO James F. Getz sold 6,250 shares of the firm’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $22.70, for a total transaction of $141,875.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard B. Seidel purchased 2,500 shares of the company’s stock in a transaction that occurred on Friday, February 1st. The shares were acquired at an average cost of $20.70 per share, with a total value of $51,750.00. Following the completion of the acquisition, the director now directly owns 41,405 shares in the company, valued at $857,083.50. The disclosure for this purchase can be found here. Corporate insiders own 23.70% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. LPL Financial LLC increased its holdings in Tristate Capital by 3.5% during the 4th quarter. LPL Financial LLC now owns 15,254 shares of the financial services provider’s stock valued at $297,000 after purchasing an additional 515 shares in the last quarter. Legal & General Group Plc increased its holdings in Tristate Capital by 15.2% during the 4th quarter. Legal & General Group Plc now owns 4,375 shares of the financial services provider’s stock valued at $85,000 after purchasing an additional 576 shares in the last quarter. Shaker Investments LLC OH increased its holdings in Tristate Capital by 7.0% during the 4th quarter. Shaker Investments LLC OH now owns 10,690 shares of the financial services provider’s stock valued at $208,000 after purchasing an additional 700 shares in the last quarter. Federated Investors Inc. PA increased its holdings in Tristate Capital by 2,571.1% during the 3rd quarter. Federated Investors Inc. PA now owns 1,015 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 977 shares in the last quarter. Finally, Stratos Wealth Partners LTD. increased its holdings in Tristate Capital by 4.2% during the 4th quarter. Stratos Wealth Partners LTD. now owns 25,000 shares of the financial services provider’s stock valued at $487,000 after purchasing an additional 1,000 shares in the last quarter. 70.57% of the stock is owned by hedge funds and other institutional investors.
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.
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