Macquarie Upgrades Tristate Capital Holdings to “Outperform” (TSC)
Several other analysts have also recently commented on the stock. Analysts at Stephens downgraded shares of Tristate Capital Holdings from an “overweight” rating to an “equal weight” rating in a research note on Thursday. Analysts at Robert W. Baird downgraded shares of Tristate Capital Holdings from an “outperform” rating to a “neutral” rating in a research note on Thursday. They now have a $14.00 price target on the stock, down previously from $16.00.
Tristate Capital Holdings (NYSE:TSC) opened at 10.19 on Friday. Tristate Capital Holdings has a 52-week low of $9.16 and a 52-week high of $14.91. The stock’s 50-day moving average is $13.68 and its 200-day moving average is $13.64. The company has a market cap of $292.6 million and a P/E ratio of 28.07.
Tristate Capital Holdings (NYSE:TSC) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by $0.15. On average, analysts predict that Tristate Capital Holdings will post $0.73 earnings per share for the current fiscal year.
TriState Capital Holdings, Inc is a bank holding company. Its wholly owned bank subsidiary is TriState Capital Bank (NYSE:TSC), a commercial bank.
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