Equities research analysts predict that Tristate Capital Holdings Inc (NASDAQ:TSC) will announce $37.30 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Tristate Capital’s earnings, with the lowest sales estimate coming in at $36.71 million and the highest estimate coming in at $38.45 million. Tristate Capital posted sales of $33.16 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 12.5%. The firm is expected to issue its next earnings results on Wednesday, January 24th.
According to Zacks, analysts expect that Tristate Capital will report full year sales of $37.30 million for the current financial year, with estimates ranging from $138.17 million to $140.01 million. For the next year, analysts anticipate that the firm will post sales of $163.15 million per share, with estimates ranging from $158.71 million to $167.18 million. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Tristate Capital.
Tristate Capital (NASDAQ:TSC) last announced its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ 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 firm had revenue of $35.31 million for the quarter, compared to the consensus estimate of $36.41 million.
A number of equities analysts have recently commented on TSC shares. Raymond James Financial started coverage on shares of Tristate Capital in a report on Monday, December 11th. They issued an “outperform” rating and a $28.00 target price on the stock. BidaskClub raised shares of Tristate Capital from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 20th. ValuEngine cut shares of Tristate Capital from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Finally, Zacks Investment Research lowered shares of Tristate Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. Tristate Capital currently has an average rating of “Hold” and an average price target of $28.60.
Shares of Tristate Capital (NASDAQ:TSC) opened at $23.00 on Friday. The stock has a market cap of $670.43, a price-to-earnings ratio of 19.66, a P/E/G ratio of 1.91 and a beta of 0.33. Tristate Capital has a twelve month low of $19.65 and a twelve month high of $26.30. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.74.
In related news, Director James J. Dolan sold 12,000 shares of Tristate Capital stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $24.32, for a total value of $291,840.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 23.40% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the business. Vident Investment Advisory LLC purchased a new stake in shares of Tristate Capital during the 3rd quarter worth $267,000. Castine Capital Management LLC boosted its position in shares of Tristate Capital by 9.7% during the 3rd quarter. Castine Capital Management LLC now owns 235,789 shares of the financial services provider’s stock worth $5,399,000 after purchasing an additional 20,835 shares in the last quarter. Elk Creek Partners LLC boosted its position in shares of Tristate Capital by 21.6% during the 3rd quarter. Elk Creek Partners LLC now owns 328,026 shares of the financial services provider’s stock worth $7,512,000 after purchasing an additional 58,320 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Tristate Capital by 13.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 872,391 shares of the financial services provider’s stock worth $19,978,000 after purchasing an additional 104,343 shares in the last quarter. Finally, Brown Advisory Inc. boosted its position in shares of Tristate Capital by 48.7% during the 3rd quarter. Brown Advisory Inc. now owns 460,691 shares of the financial services provider’s stock worth $10,550,000 after purchasing an additional 150,954 shares in the last quarter. Institutional investors own 59.70% of the company’s stock.
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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