Tristate Capital Holdings Inc (NASDAQ:TSC) – Analysts at Boenning Scattergood increased their Q3 2018 earnings per share (EPS) estimates for Tristate Capital in a research note issued on Thursday, July 19th. Boenning Scattergood analyst M. Schultheis now forecasts that the financial services provider will earn $0.46 per share for the quarter, up from their previous forecast of $0.36.

Tristate Capital (NASDAQ:TSC) last issued its quarterly earnings data on Wednesday, July 18th. The financial services provider reported $0.40 EPS for the quarter, topping the consensus estimate of $0.37 by $0.03. The firm had revenue of $41.29 million during the quarter, compared to the consensus estimate of $40.72 million. Tristate Capital had a return on equity of 10.91% and a net margin of 22.41%.

Several other brokerages also recently commented on TSC. Maxim Group increased their price objective on Tristate Capital from $28.00 to $31.00 and gave the stock a “buy” rating in a research note on Friday. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $35.00 price objective on shares of Tristate Capital in a research note on Friday. BidaskClub raised Tristate Capital from a “hold” rating to a “buy” rating in a research note on Friday, June 8th. Stephens reissued a “buy” rating and issued a $28.00 price objective on shares of Tristate Capital in a research note on Thursday. Finally, Zacks Investment Research downgraded Tristate Capital from a “hold” rating to a “sell” rating in a research note on Thursday, June 21st. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Tristate Capital presently has a consensus rating of “Buy” and an average target price of $29.80.

Shares of Tristate Capital opened at $28.65 on Monday, Marketbeat Ratings reports. The company has a market capitalization of $830.68 million, a PE ratio of 23.10, a P/E/G ratio of 1.55 and a beta of 0.38. Tristate Capital has a 52 week low of $20.30 and a 52 week high of $29.00. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.07 and a quick ratio of 1.07.

Several hedge funds have recently added to or reduced their stakes in TSC. Wells Fargo & Company MN grew its holdings in shares of Tristate Capital by 31.5% in the fourth quarter. Wells Fargo & Company MN now owns 32,123 shares of the financial services provider’s stock valued at $739,000 after acquiring an additional 7,691 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Tristate Capital by 2.7% during the fourth quarter. Bank of New York Mellon Corp now owns 300,963 shares of the financial services provider’s stock valued at $6,923,000 after purchasing an additional 7,885 shares during the period. Deutsche Bank AG grew its holdings in Tristate Capital by 0.6% during the fourth quarter. Deutsche Bank AG now owns 393,679 shares of the financial services provider’s stock valued at $9,051,000 after purchasing an additional 2,470 shares during the period. Cornerstone Capital Management Holdings LLC. bought a new position in Tristate Capital during the fourth quarter valued at $319,000. Finally, MetLife Investment Advisors LLC bought a new position in Tristate Capital during the fourth quarter valued at $263,000. 60.07% of the stock is owned by institutional investors.

In other Tristate Capital news, CFO David J. Demas bought 998 shares of Tristate Capital stock in a transaction dated Friday, May 25th. The stock was bought at an average cost of $25.50 per share, with a total value of $25,449.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John B. Yasinsky sold 6,000 shares of the company’s stock in a transaction that occurred on Friday, May 18th. The shares were sold at an average price of $26.50, for a total value of $159,000.00. Following the completion of the transaction, the director now directly owns 12,000 shares of the company’s stock, valued at $318,000. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 2,108 shares of company stock valued at $53,907 and sold 4,406,000 shares valued at $113,283,000. Corporate insiders own 23.40% of the company’s stock.

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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