Shares of TriState Capital Holdings (NASDAQ:TSC) have received a consensus recommendation of “Hold” from the eight analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $29.50.

Several equities research analysts recently weighed in on the company. BidaskClub cut TriState Capital from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. Boenning Scattergood restated a “hold” rating on shares of TriState Capital in a report on Friday, January 26th. Zacks Investment Research cut TriState Capital from a “hold” rating to a “sell” rating in a report on Thursday, March 29th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $32.00 target price on shares of TriState Capital in a report on Tuesday, February 27th.

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In other TriState Capital news, Director James J. Dolan sold 65,000 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was 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 owns 13,625 shares in the company, valued at approximately $339,671.25. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO James F. Getz sold 5,000 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $23.16, for a total value of $115,800.00. Following the completion of the sale, the chief executive officer now owns 760,289 shares of the company’s stock, valued at approximately $17,608,293.24. The disclosure for this sale can be found here. In the last quarter, insiders acquired 12,250 shares of company stock valued at $296,710 and sold 75,000 shares valued at $1,851,050. Company insiders own 23.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vident Investment Advisory LLC bought a new position in shares of TriState Capital in the 3rd quarter worth approximately $267,000. Carroll Financial Associates Inc. bought a new position in shares of TriState Capital in the 4th quarter worth approximately $519,000. Clearbridge LLC raised its position in shares of TriState Capital by 10.5% in the 4th quarter. Clearbridge LLC now owns 528,880 shares of the financial services provider’s stock worth $12,164,000 after acquiring an additional 50,370 shares in the last quarter. 1492 Capital Management LLC raised its position in shares of TriState Capital by 137.4% in the 4th quarter. 1492 Capital Management LLC now owns 94,104 shares of the financial services provider’s stock worth $2,164,000 after acquiring an additional 54,462 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its position in shares of TriState Capital by 92.6% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 191,800 shares of the financial services provider’s stock worth $4,411,000 after acquiring an additional 92,200 shares in the last quarter. Institutional investors and hedge funds own 58.85% of the company’s stock.

Shares of TSC stock opened at $23.80 on Friday. The stock has a market cap of $679.42, a P/E ratio of 18.95, a P/E/G ratio of 1.55 and a beta of 0.39. TriState Capital has a 1-year low of $20.30 and a 1-year high of $26.30. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.07 and a quick ratio of 1.07.

TriState Capital (NASDAQ:TSC) last issued its earnings results on Wednesday, January 24th. The financial services provider reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.01. The company had revenue of $36.94 million during the quarter, compared to analysts’ expectations of $37.32 million. TriState Capital had a return on equity of 9.56% and a net margin of 20.96%. equities research analysts expect that TriState Capital will post 1.52 EPS for the current fiscal year.

TriState Capital announced that its board has authorized a stock repurchase program on Wednesday, January 24th that allows the company to repurchase $5.00 million in shares. This repurchase authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

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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.

Analyst Recommendations for TriState Capital (NASDAQ:TSC)

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