Brokerages predict that Tristate Capital Holdings Inc (NASDAQ:TSC) will report sales of $37.32 million for the current quarter, Zacks reports. Four analysts have made estimates for Tristate Capital’s earnings. The highest sales estimate is $38.45 million and the lowest is $36.71 million. Tristate Capital reported sales of $33.16 million during the same quarter last year, which would suggest a positive year over year growth rate of 12.5%. The company is scheduled to announce its next earnings results after the market closes on Wednesday, January 24th.

On average, analysts expect that Tristate Capital will report full-year sales of $37.32 million for the current fiscal year, with estimates ranging from $138.22 million to $140.01 million. For the next financial year, analysts forecast that the firm will report sales of $162.99 million per share, with estimates ranging from $158.09 million to $167.18 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Tristate Capital.

Tristate Capital (NASDAQ:TSC) last posted its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 analyst estimates of $36.41 million.

TSC has been the subject of a number of analyst reports. ValuEngine downgraded Tristate Capital from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Zacks Investment Research raised Tristate Capital from a “hold” rating to a “strong-buy” rating and set a $27.00 target price on the stock in a report on Friday. BidaskClub raised Tristate Capital from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 20th. Finally, Raymond James Financial initiated coverage on Tristate Capital in a report on Monday, December 11th. They set an “outperform” rating and a $28.00 target price on the stock. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $28.33.

Tristate Capital (NASDAQ:TSC) traded down $0.15 during trading on Tuesday, reaching $23.95. The company had a trading volume of 119,800 shares, compared to its average volume of 88,610. The firm has a market capitalization of $685.99, a price-to-earnings ratio of 20.47, a P/E/G ratio of 1.48 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 current ratio of 1.06 and a quick ratio of 1.06.

In other Tristate Capital 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 transaction of $291,840.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 23.40% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vident Investment Advisory LLC acquired a new stake in Tristate Capital in the 3rd quarter valued at approximately $267,000. Castine Capital Management LLC boosted its stake in shares of 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 boosted its stake in shares of 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 boosted its stake in shares of 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. boosted its stake in shares of 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. 59.70% of the stock is currently owned by institutional investors and hedge funds.

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Tristate Capital 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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