Shares of Tristate Capital Holdings Inc (NASDAQ:TSC) have earned a consensus rating of “Buy” from the eight ratings firms that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $30.80.

Several research analysts have recently issued reports on the stock. Boenning Scattergood reiterated a “hold” rating on shares of Tristate Capital in a report on Monday, October 8th. Stephens reiterated a “buy” rating and set a $28.00 price target on shares of Tristate Capital in a report on Thursday, July 19th. BidaskClub upgraded shares of Tristate Capital from a “hold” rating to a “buy” rating in a report on Thursday, September 6th. ValuEngine upgraded shares of Tristate Capital from a “hold” rating to a “buy” rating in a report on Tuesday, July 24th. Finally, Maxim Group upped their price target on shares of Tristate Capital from $28.00 to $31.00 and gave the stock a “buy” rating in a report on Friday, July 20th.

In related news, Chairman James F. Getz sold 10,000 shares of the business’s stock in a transaction on Friday, September 7th. The shares were sold at an average price of $29.86, for a total value of $298,600.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 23.70% of the company’s stock.

Several institutional investors have recently modified their holdings of TSC. Wells Fargo & Company MN grew its stake in shares of Tristate Capital by 14.6% in the first quarter. Wells Fargo & Company MN now owns 36,823 shares of the financial services provider’s stock worth $856,000 after purchasing an additional 4,700 shares during the last quarter. Swiss National Bank grew its stake in shares of Tristate Capital by 7.3% in the first quarter. Swiss National Bank now owns 39,938 shares of the financial services provider’s stock worth $929,000 after purchasing an additional 2,700 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Tristate Capital by 13.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 110,669 shares of the financial services provider’s stock worth $2,574,000 after purchasing an additional 12,984 shares during the last quarter. BlackRock Inc. grew its stake in shares of Tristate Capital by 41.9% in the first quarter. BlackRock Inc. now owns 1,847,540 shares of the financial services provider’s stock worth $42,954,000 after purchasing an additional 545,224 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Tristate Capital by 14.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,069,693 shares of the financial services provider’s stock worth $24,870,000 after purchasing an additional 138,565 shares during the last quarter. 66.02% of the stock is currently owned by institutional investors.

Shares of NASDAQ:TSC traded down $0.81 during trading on Friday, hitting $26.18. 345,734 shares of the company were exchanged, compared to its average volume of 143,135. The company has a market capitalization of $799.00 million, a PE ratio of 21.11, a price-to-earnings-growth ratio of 1.34 and a beta of 0.49. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.05 and a current ratio of 1.05. Tristate Capital has a 1-year low of $21.90 and a 1-year high of $30.10.

Tristate Capital (NASDAQ:TSC) last announced its quarterly earnings results on Wednesday, July 18th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.03. The company had revenue of $41.29 million during the quarter, compared to the consensus estimate of $40.72 million. Tristate Capital had a net margin of 22.41% and a return on equity of 10.73%. On average, equities analysts forecast that Tristate Capital will post 1.72 EPS for the current fiscal year.

About Tristate Capital

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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Analyst Recommendations for Tristate Capital (NASDAQ:TSC)

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