Tristate Capital (TSC) Upgraded at BidaskClub

Tristate Capital (NASDAQ:TSC) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a report released on Saturday.

Other research analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Tristate Capital from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. Raymond James Financial initiated coverage on shares of Tristate Capital in a report on Monday, December 11th. They issued an “outperform” rating and a $28.00 price target on the stock. Finally, ValuEngine cut shares of Tristate Capital from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $28.33.

Tristate Capital (TSC) traded up $0.25 during mid-day trading on Friday, reaching $24.10. 143,796 shares of the company’s stock were exchanged, compared to its average volume of 82,670. 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 has a fifty-two week low of $19.65 and a fifty-two week high of $26.30. The company has a market capitalization of $681.87, a PE ratio of 20.39, a price-to-earnings-growth ratio of 1.46 and a beta of 0.33.

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

In other Tristate Capital news, Director James J. Dolan sold 12,000 shares of the stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $24.32, for a total transaction of $291,840.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 23.40% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Vident Investment Advisory LLC bought a new position in Tristate Capital during the 3rd quarter worth about $267,000. Castine Capital Management LLC grew 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 worth $5,399,000 after acquiring an additional 20,835 shares in the last quarter. Elk Creek Partners LLC grew 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 worth $7,512,000 after acquiring an additional 58,320 shares in the last quarter. Dimensional Fund Advisors LP grew 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 worth $19,978,000 after acquiring an additional 104,343 shares in the last quarter. Finally, Brown Advisory Inc. grew 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 worth $10,550,000 after acquiring an additional 150,954 shares in the last quarter. Institutional investors own 59.70% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This report was reported by American Banking News and is the sole property of of American Banking News. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://www.americanbankingnews.com/2018/01/13/tristate-capital-tsc-upgraded-at-bidaskclub.html.

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)

Receive News & Ratings for Tristate Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tristate Capital and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply