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.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.