Tristate Capital Holdings Inc (TSC) Expected to Post Earnings of $0.33 Per Share

Equities analysts forecast that Tristate Capital Holdings Inc (NASDAQ:TSC) will post $0.33 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Tristate Capital’s earnings. The lowest EPS estimate is $0.31 and the highest is $0.36. Tristate Capital reported earnings per share of $0.27 during the same quarter last year, which would indicate a positive year over year growth rate of 22.2%. The company is scheduled to announce its next earnings report on Wednesday, January 24th.

According to Zacks, analysts expect that Tristate Capital will report full-year earnings of $1.23 per share for the current fiscal year, with EPS estimates ranging from $1.22 to $1.25. For the next fiscal year, analysts forecast that the company will post earnings of $1.53 per share, with EPS estimates ranging from $1.48 to $1.60. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Tristate Capital.

Tristate Capital (NASDAQ:TSC) last announced its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.35 EPS for the quarter, beating the 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 during the quarter, compared to analysts’ expectations of $36.41 million.

Several analysts have commented on the stock. Zacks Investment Research cut shares of Tristate Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, September 20th. BidaskClub raised shares of Tristate Capital from a “sell” rating to a “hold” rating in a report on Thursday, September 28th. ValuEngine lowered shares of Tristate Capital from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $28.00 target price on shares of Tristate Capital in a report on Tuesday, August 22nd. One 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. The stock currently has an average rating of “Hold” and an average target price of $28.75.

Shares of Tristate Capital (TSC) opened at $23.40 on Monday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.06 and a current ratio of 1.06. Tristate Capital has a 12 month low of $19.65 and a 12 month high of $26.30. The company has a market cap of $670.25, a P/E ratio of 20.00, a price-to-earnings-growth ratio of 1.90 and a beta of 0.33.

In other news, Director James J. Dolan sold 12,000 shares of Tristate Capital stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $24.32, for a total transaction of $291,840.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 23.40% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE increased its holdings in Tristate Capital by 1.3% in the 1st quarter. Bank of America Corp DE now owns 5,140 shares of the financial services provider’s stock worth $120,000 after acquiring an additional 67 shares in the last quarter. 1st Global Advisors Inc. purchased a new stake in Tristate Capital in the 2nd quarter worth $235,000. Alliancebernstein L.P. purchased a new stake in Tristate Capital in the 1st quarter worth $219,000. Voya Investment Management LLC purchased a new stake in Tristate Capital in the 2nd quarter worth $271,000. Finally, Principal Financial Group Inc. purchased a new stake in Tristate Capital in the 2nd quarter worth $278,000. 59.76% of the stock is owned by institutional investors.

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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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