Analysts expect TriState Capital Holdings, Inc. (NASDAQ:TSC) to report $0.33 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for TriState Capital Holdings’ earnings, with estimates ranging from $0.31 to $0.36. TriState Capital Holdings reported earnings per share of $0.27 during the same quarter last year, which suggests a positive year over year growth rate of 22.2%. The firm is expected to issue its next quarterly earnings report on Wednesday, January 24th.

According to Zacks, analysts expect that TriState Capital Holdings will report full-year earnings of $1.23 per share for the current financial year, with EPS estimates ranging from $1.22 to $1.25. For the next fiscal year, analysts expect that the business will report earnings of $1.53 per share, with EPS estimates ranging from $1.48 to $1.60. Zacks’ EPS calculations are an average based on a survey of research analysts that cover TriState Capital Holdings.

TriState Capital Holdings (NASDAQ:TSC) last announced its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.05. TriState Capital Holdings had a return on equity of 9.21% and a net margin of 19.58%. The company had revenue of $35.31 million during the quarter, compared to the consensus estimate of $36.41 million.

A number of equities research analysts have recently issued reports on the stock. Stephens reaffirmed a “buy” rating and set a $30.00 target price on shares of TriState Capital Holdings in a report on Thursday, July 20th. BidaskClub lowered shares of TriState Capital Holdings from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Zacks Investment Research lowered shares of TriState Capital Holdings from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $28.00 target price on shares of TriState Capital Holdings in a report on Tuesday, August 22nd. Finally, ValuEngine raised shares of TriState Capital Holdings from a “hold” rating to a “buy” rating in a report on Thursday, July 20th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $28.75.

In other news, insider Brian S. Fetterolf acquired 3,250 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average price of $21.83 per share, with a total value of $70,947.50. Following the completion of the acquisition, the insider now owns 85,090 shares of the company’s stock, valued at approximately $1,857,514.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian S. Fetterolf acquired 1,560 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The stock was purchased at an average cost of $21.54 per share, with a total value of $33,602.40. Following the acquisition, the insider now directly owns 85,090 shares of the company’s stock, valued at approximately $1,832,838.60. The disclosure for this purchase can be found here. Corporate insiders own 23.40% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE grew its holdings in shares of TriState Capital Holdings by 1.3% in the first quarter. Bank of America Corp DE now owns 5,140 shares of the financial services provider’s stock valued at $120,000 after purchasing an additional 67 shares during the period. 1st Global Advisors Inc. purchased a new stake in shares of TriState Capital Holdings in the second quarter valued at about $235,000. Alliancebernstein L.P. purchased a new stake in shares of TriState Capital Holdings in the first quarter valued at about $219,000. Stratos Wealth Partners LTD. purchased a new stake in shares of TriState Capital Holdings in the second quarter valued at about $255,000. Finally, Voya Investment Management LLC purchased a new stake in shares of TriState Capital Holdings in the second quarter valued at about $271,000. 60.99% of the stock is owned by hedge funds and other institutional investors.

Shares of TriState Capital Holdings (NASDAQ:TSC) opened at $22.85 on Friday. The stock has a market capitalization of $658.78, a P/E ratio of 19.66, a P/E/G ratio of 1.87 and a beta of 0.31. The company has a quick ratio of 1.09, a current ratio of 1.06 and a debt-to-equity ratio of 0.74.

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TriState Capital Holdings 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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