Equities research analysts at Raymond James Financial started coverage on shares of Tristate Capital (NASDAQ:TSC) in a report issued on Monday, MarketBeat.com reports. The brokerage set an “outperform” rating and a $28.00 price target on the financial services provider’s stock. Raymond James Financial’s price target would suggest a potential upside of 19.66% from the company’s previous close.

Several other research firms also recently commented on TSC. ValuEngine downgraded Tristate Capital from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. BidaskClub upgraded Tristate Capital from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. Zacks Investment Research downgraded Tristate Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $28.00 target price on shares of Tristate Capital in a research report on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $28.60.

Shares of Tristate Capital (NASDAQ:TSC) traded down $0.30 during trading hours on Monday, hitting $23.40. The stock had a trading volume of 40,300 shares, compared to its average volume of 104,076. Tristate Capital has a one year low of $19.65 and a one year high of $26.30. The firm has a market cap of $670.24, a price-to-earnings ratio of 20.00, a PEG ratio of 1.90 and a beta of 0.33. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.06 and a quick ratio of 1.06.

Tristate Capital (NASDAQ:TSC) last posted its earnings results on Thursday, October 19th. The financial services provider reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.05. The business had revenue of $35.31 million during 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%. equities research analysts anticipate that Tristate Capital will post 1.23 EPS for the current fiscal year.

In other Tristate Capital news, Director James J. Dolan sold 12,000 shares of Tristate Capital stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $24.32, for a total value of $291,840.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 23.40% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Girard Partners LTD. raised its position in shares of Tristate Capital by 1.7% during the second quarter. Girard Partners LTD. now owns 58,767 shares of the financial services provider’s stock worth $1,481,000 after acquiring an additional 1,000 shares during the last quarter. Cortina Asset Management LLC raised its position in shares of Tristate Capital by 76.3% during the third quarter. Cortina Asset Management LLC now owns 299,844 shares of the financial services provider’s stock worth $6,866,000 after acquiring an additional 129,790 shares during the last quarter. Northpointe Capital LLC raised its position in shares of 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 acquiring an additional 295,461 shares during the last quarter. Vanguard Group Inc. raised its position in shares of 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 acquiring an additional 69,071 shares during the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of Tristate Capital by 88.3% during the second quarter. Alliancebernstein L.P. now owns 17,700 shares of the financial services provider’s stock worth $446,000 after acquiring an additional 8,300 shares during the last quarter. Institutional investors own 59.76% of the company’s stock.

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About Tristate Capital

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.

Analyst Recommendations for Tristate Capital (NASDAQ:TSC)

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