Analysts expect Tristate Capital Holdings Inc (NASDAQ:TSC) to announce earnings per share (EPS) of $0.46 for the current quarter, Zacks reports. Three analysts have issued estimates for Tristate Capital’s earnings, with the lowest EPS estimate coming in at $0.42 and the highest estimate coming in at $0.50. Tristate Capital reported earnings of $0.40 per share during the same quarter last year, which suggests a positive year over year growth rate of 15%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, July 17th.
On average, analysts expect that Tristate Capital will report full-year earnings of $1.93 per share for the current financial year, with EPS estimates ranging from $1.87 to $2.00. For the next fiscal year, analysts anticipate that the business will post earnings of $2.24 per share, with EPS estimates ranging from $2.15 to $2.32. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Tristate Capital.
Tristate Capital (NASDAQ:TSC) last issued its earnings results on Wednesday, April 17th. The financial services provider reported $0.48 EPS for the quarter, beating the consensus estimate of $0.43 by $0.05. The company had revenue of $43.82 million during the quarter, compared to analysts’ expectations of $43.30 million. Tristate Capital had a net margin of 21.60% and a return on equity of 12.91%.
Several equities analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Tristate Capital from a “sell” rating to a “hold” rating in a research report on Friday, April 5th. BidaskClub upgraded shares of Tristate Capital from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Boenning Scattergood restated a “hold” rating on shares of Tristate Capital in a research report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $28.25.
In related news, CEO James F. Getz sold 6,250 shares of Tristate Capital stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $22.62, for a total transaction of $141,375.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 17.50% of the stock is currently owned by insiders.
Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. grew its holdings in shares of Tristate Capital by 5.5% during the 1st quarter. BlackRock Inc. now owns 4,066,071 shares of the financial services provider’s stock valued at $83,070,000 after purchasing an additional 211,048 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Tristate Capital by 7.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,570,614 shares of the financial services provider’s stock valued at $32,088,000 after purchasing an additional 111,921 shares during the last quarter. Vanguard Group Inc grew its holdings in shares of Tristate Capital by 1.5% during the 3rd quarter. Vanguard Group Inc now owns 1,153,991 shares of the financial services provider’s stock valued at $31,850,000 after purchasing an additional 17,290 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Tristate Capital by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,153,991 shares of the financial services provider’s stock valued at $31,850,000 after purchasing an additional 17,290 shares during the last quarter. Finally, Royce & Associates LP grew its holdings in Tristate Capital by 7.5% during the 4th quarter. Royce & Associates LP now owns 829,050 shares of the financial services provider’s stock worth $16,133,000 after acquiring an additional 57,858 shares during the last quarter. 69.58% of the stock is currently owned by institutional investors.
Shares of NASDAQ:TSC opened at $22.91 on Friday. The company has a market capitalization of $676.32 million, a PE ratio of 13.24, a PEG ratio of 1.00 and a beta of 1.12. The company has a quick ratio of 1.04, a current ratio of 1.03 and a debt-to-equity ratio of 0.92. Tristate Capital has a 12 month low of $18.20 and a 12 month high of $30.10.
Tristate Capital Company Profile
TriState Capital Holdings, Inc operates as the bank holding company for TriState Capital Bank that provides various commercial and private banking services to middle-market businesses and high-net-worth individuals in the United States. It operates in two segments, Bank and Investment Management. The company's deposit products include checking accounts, money market deposit accounts, and certificates of deposit, as well as promontory's certificate of deposit account registry services and insured cash sweep services.
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