Tristate Capital Holdings Inc (TSC) Expected to Post Earnings of $0.46 Per Share

Wall Street analysts expect Tristate Capital Holdings Inc (NASDAQ:TSC) to post $0.46 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Tristate Capital’s earnings, with the lowest EPS estimate coming in at $0.38 and the highest estimate coming in at $0.50. Tristate Capital reported earnings per share of $0.34 during the same quarter last year, which suggests a positive year over year growth rate of 35.3%. The firm is scheduled to report its next earnings report after the market closes on Wednesday, January 30th.

According to Zacks, analysts expect that Tristate Capital will report full-year earnings of $1.77 per share for the current fiscal year, with EPS estimates ranging from $1.70 to $1.81. For the next financial year, analysts anticipate that the business will post earnings of $1.92 per share, with EPS estimates ranging from $1.85 to $2.00. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Tristate Capital.

A number of equities research analysts recently commented on TSC shares. BidaskClub raised shares of Tristate Capital from a “hold” rating to a “buy” rating in a research report on Thursday, November 22nd. Maxim Group reissued a “buy” rating and set a $31.00 target price on shares of Tristate Capital in a research report on Thursday, October 18th. Stephens reissued a “buy” rating and set a $32.00 target price on shares of Tristate Capital in a research report on Thursday, October 18th. Boenning Scattergood reaffirmed a “hold” rating on shares of Tristate Capital in a report on Monday, October 8th. Finally, Zacks Investment Research lowered shares of Tristate Capital from a “buy” rating to a “hold” rating in a research note on Tuesday, October 23rd. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $30.75.

In related news, Director James J. Dolan bought 8,000 shares of the company’s stock in a transaction dated Monday, October 29th. The shares were acquired at an average price of $24.48 per share, for a total transaction of $195,840.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard B. Seidel sold 6,000 shares of Tristate Capital stock in a transaction dated Monday, November 26th. The shares were sold at an average price of $25.21, for a total transaction of $151,260.00. Following the completion of the sale, the director now owns 35,905 shares in the company, valued at approximately $905,165.05. The disclosure for this sale can be found here. 23.70% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of TSC. Bank of New York Mellon Corp raised its stake in Tristate Capital by 20.1% during the second quarter. Bank of New York Mellon Corp now owns 341,371 shares of the financial services provider’s stock worth $8,910,000 after purchasing an additional 57,069 shares during the period. Russell Investments Group Ltd. increased its position in shares of Tristate Capital by 39.2% during the second quarter. Russell Investments Group Ltd. now owns 45,144 shares of the financial services provider’s stock valued at $1,177,000 after acquiring an additional 12,712 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Tristate Capital by 11.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 122,793 shares of the financial services provider’s stock valued at $3,205,000 after purchasing an additional 12,124 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Tristate Capital by 14.0% in the second quarter. BlackRock Inc. now owns 2,105,354 shares of the financial services provider’s stock valued at $54,949,000 after purchasing an additional 257,814 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Tristate Capital by 15.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,231,587 shares of the financial services provider’s stock valued at $32,144,000 after purchasing an additional 161,894 shares in the last quarter. 72.54% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Tristate Capital stock traded down $0.54 during trading on Thursday, hitting $21.41. 12,995 shares of the stock traded hands, compared to its average volume of 180,775. The firm has a market cap of $633.53 million, a price-to-earnings ratio of 17.31, a P/E/G ratio of 0.95 and a beta of 0.96. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.02 and a quick ratio of 1.02. Tristate Capital has a twelve month low of $18.20 and a twelve 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. The company operates in two segments, Bank and Investment Management.

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Earnings History and Estimates for Tristate Capital (NASDAQ:TSC)

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