Tristate Capital Holdings Inc (NASDAQ:TSC) has earned a consensus rating of “Hold” from the eight research firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $28.60.

TSC has been the subject of several research reports. Raymond James Financial initiated coverage on shares of Tristate Capital in a research note on Monday, December 11th. They set an “outperform” rating and a $28.00 price target for the company. ValuEngine cut shares of Tristate Capital from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. BidaskClub downgraded Tristate Capital from a “hold” rating to a “sell” rating in a report on Friday, December 29th. Finally, Zacks Investment Research downgraded Tristate Capital from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th.

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

A number of institutional investors have recently made changes to their positions in the business. Vident Investment Advisory LLC acquired a new stake in Tristate Capital during the 3rd quarter valued at $267,000. Castine Capital Management LLC lifted its holdings in Tristate Capital by 9.7% during the 3rd quarter. Castine Capital Management LLC now owns 235,789 shares of the financial services provider’s stock valued at $5,399,000 after purchasing an additional 20,835 shares during the last quarter. Elk Creek Partners LLC lifted its holdings in Tristate Capital by 21.6% during the 3rd quarter. Elk Creek Partners LLC now owns 328,026 shares of the financial services provider’s stock valued at $7,512,000 after purchasing an additional 58,320 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Tristate Capital by 13.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 872,391 shares of the financial services provider’s stock valued at $19,978,000 after purchasing an additional 104,343 shares during the last quarter. Finally, Brown Advisory Inc. lifted its holdings in Tristate Capital by 48.7% during the 3rd quarter. Brown Advisory Inc. now owns 460,691 shares of the financial services provider’s stock valued at $10,550,000 after purchasing an additional 150,954 shares during the last quarter. 59.70% of the stock is owned by institutional investors and hedge funds.

Tristate Capital (NASDAQ:TSC) opened at $22.75 on Thursday. The firm has a market cap of $657.57, a P/E ratio of 19.44, a PEG ratio of 1.52 and a beta of 0.33. Tristate Capital has a 52 week low of $19.65 and a 52 week high of $26.30. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.06 and a current ratio of 1.06.

Tristate Capital (NASDAQ:TSC) last issued its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.05. The company had revenue of $35.31 million during the quarter, compared to analysts’ expectations of $36.41 million. Tristate Capital had a net margin of 19.58% and a return on equity of 9.21%. equities research analysts predict that Tristate Capital will post 1.23 earnings per share for the current fiscal year.

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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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