Media headlines about Tristate Capital (NASDAQ:TSC) have been trending somewhat positive on Friday, according to Accern. The research firm scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Tristate Capital earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 46.0978392197454 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
A number of research analysts recently commented on TSC shares. Raymond James Financial started coverage on shares of Tristate Capital in a research report on Monday, December 11th. They set an “outperform” rating and a $28.00 price objective on the stock. Zacks Investment Research raised shares of Tristate Capital from a “hold” rating to a “strong-buy” rating and set a $27.00 price objective on the stock in a research report on Friday, January 12th. BidaskClub downgraded shares of Tristate Capital from a “hold” rating to a “sell” rating in a research report on Friday, December 29th. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of Tristate Capital in a research report on Friday, January 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $28.33.
Tristate Capital (NASDAQ TSC) opened at $23.20 on Friday. Tristate Capital has a 1 year low of $20.30 and a 1 year high of $26.30. The company has a market cap of $663.24, a P/E ratio of 17.58, a P/E/G ratio of 1.46 and a beta of 0.35. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.74.
Tristate Capital (NASDAQ:TSC) last announced its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.01. The firm had revenue of $36.94 million for the quarter, compared to the consensus estimate of $37.32 million. Tristate Capital had a net margin of 20.96% and a return on equity of 9.69%. equities analysts anticipate that Tristate Capital will post 1.59 EPS for the current fiscal year.
Tristate Capital announced that its board has initiated a share buyback plan on Wednesday, January 24th that allows the company to repurchase $5.00 million in shares. This repurchase authorization allows the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.
In other Tristate Capital news, Director James J. Dolan sold 65,000 shares of Tristate Capital stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $24.93, for a total value of $1,620,450.00. Following the completion of the sale, the director now directly owns 13,625 shares in the company, valued at $339,671.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David J. Demas bought 1,100 shares of Tristate Capital stock in a transaction on Monday, February 5th. The stock was acquired at an average price of $23.60 per share, with a total value of $25,960.00. The disclosure for this purchase can be found here. Insiders acquired 3,200 shares of company stock valued at $74,865 over the last quarter. Corporate insiders own 23.40% of the company’s stock.
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About Tristate Capital
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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