Wall Street analysts expect Tristate Capital Holdings Inc (NASDAQ:TSC) to report earnings per share (EPS) of $0.37 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Tristate Capital’s earnings, with estimates ranging from $0.34 to $0.39. Tristate Capital posted earnings per share of $0.29 in the same quarter last year, which would indicate a positive year over year growth rate of 27.6%. The company is scheduled to report its next earnings results on Wednesday, July 18th.
On average, analysts expect that Tristate Capital will report full-year earnings of $1.54 per share for the current year, with EPS estimates ranging from $1.45 to $1.64. For the next financial year, analysts forecast that the firm will report earnings of $1.86 per share, with EPS estimates ranging from $1.69 to $1.98. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Tristate Capital.
Tristate Capital (NASDAQ:TSC) last posted its quarterly earnings data on Wednesday, April 18th. The financial services provider reported $0.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.01. Tristate Capital had a net margin of 21.12% and a return on equity of 10.05%. The business had revenue of $37.35 million during the quarter, compared to the consensus estimate of $37.99 million.
A number of research analysts recently issued reports on TSC shares. Zacks Investment Research downgraded shares of Tristate Capital from a “hold” rating to a “sell” rating in a research report on Thursday, March 29th. BidaskClub upgraded shares of Tristate Capital from a “sell” rating to a “hold” rating in a research report on Friday, April 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $29.25.
NASDAQ TSC opened at $26.65 on Wednesday. The firm has a market cap of $756.73 million, a P/E ratio of 21.49, a price-to-earnings-growth ratio of 1.41 and a beta of 0.38. Tristate Capital has a 1 year low of $20.30 and a 1 year high of $27.25. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.07 and a quick ratio of 1.07.
In other Tristate Capital news, Director John B. Yasinsky sold 6,000 shares of Tristate Capital stock in a transaction 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 owns 12,000 shares of the company’s stock, valued at $318,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Lovell Minnick Partners Llc sold 2,200,000 shares of Tristate Capital stock in a transaction on Friday, May 25th. The shares were sold at an average price of $25.71, for a total transaction of $56,562,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 2,108 shares of company stock valued at $53,907 and have sold 4,406,000 shares valued at $113,283,000. Insiders own 23.70% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BW Gestao de Investimentos Ltda. purchased a new position in Tristate Capital in the first quarter valued at $223,000. MetLife Investment Advisors LLC purchased a new position in Tristate Capital in the fourth quarter valued at $263,000. IFP Advisors Inc increased its holdings in Tristate Capital by 20.0% in the first quarter. IFP Advisors Inc now owns 12,000 shares of the financial services provider’s stock valued at $279,000 after buying an additional 2,000 shares in the last quarter. A.R.T. Advisors LLC purchased a new stake in shares of Tristate Capital during the first quarter worth about $310,000. Finally, Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of Tristate Capital during the fourth quarter worth about $319,000. 58.96% of the stock is owned by institutional investors.
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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