Equities research analysts forecast that Tristate Capital Holdings Inc (NASDAQ:TSC) will announce earnings of $0.22 per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Tristate Capital’s earnings, with the highest EPS estimate coming in at $0.28 and the lowest estimate coming in at $0.12. Tristate Capital posted earnings per share of $0.47 during the same quarter last year, which would indicate a negative year-over-year growth rate of 53.2%. The company is scheduled to issue its next earnings report after the market closes on Wednesday, July 22nd.

On average, analysts expect that Tristate Capital will report full-year earnings of $1.20 per share for the current financial year, with EPS estimates ranging from $0.87 to $1.70. For the next financial year, analysts forecast that the company will post earnings of $1.67 per share, with EPS estimates ranging from $1.36 to $2.20. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that cover Tristate Capital.

Tristate Capital (NASDAQ:TSC) last released its quarterly earnings data on Monday, April 20th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.12. The business had revenue of $48.24 million for the quarter, compared to analysts’ expectations of $45.23 million. Tristate Capital had a return on equity of 12.09% and a net margin of 18.48%.

Several brokerages recently commented on TSC. ValuEngine raised Tristate Capital from a “sell” rating to a “hold” rating in a research note on Thursday, June 25th. TheStreet lowered Tristate Capital from a “b-” rating to a “c” rating in a research note on Wednesday, March 4th. Raymond James raised Tristate Capital from an “outperform” rating to a “strong-buy” rating and boosted their price target for the company from $15.00 to $20.00 in a research note on Wednesday, June 17th. B. Riley decreased their price target on Tristate Capital from $26.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, April 13th. Finally, Zacks Investment Research lowered Tristate Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $21.25.

TSC stock traded up $0.30 during trading on Thursday, hitting $15.66. The company had a trading volume of 2,213 shares, compared to its average volume of 168,882. The company has a fifty day moving average price of $14.85 and a two-hundred day moving average price of $17.94. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.71. The company has a market cap of $432.40 million, a P/E ratio of 8.70 and a beta of 2.00. Tristate Capital has a fifty-two week low of $7.59 and a fifty-two week high of $26.43.

In other Tristate Capital news, Director James J. Dolan acquired 9,000 shares of Tristate Capital stock in a transaction on Monday, June 1st. The shares were bought at an average price of $22.95 per share, with a total value of $206,550.00. Following the completion of the purchase, the director now owns 18,125 shares in the company, valued at $415,968.75. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Brian S. Fetterolf acquired 2,000 shares of Tristate Capital stock in a transaction on Wednesday, May 20th. The stock was acquired at an average cost of $13.78 per share, for a total transaction of $27,560.00. The disclosure for this purchase can be found here. In the last three months, insiders acquired 23,673 shares of company stock worth $406,573. Insiders own 17.50% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in TSC. Northwestern Mutual Wealth Management Co. raised its position in shares of Tristate Capital by 56.4% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,737 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 987 shares during the last quarter. Sowell Financial Services LLC acquired a new stake in shares of Tristate Capital during the 1st quarter valued at $35,000. Great West Life Assurance Co. Can acquired a new stake in shares of Tristate Capital during the 4th quarter valued at $41,000. BNP Paribas Arbitrage SA boosted its holdings in shares of Tristate Capital by 190.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 8,318 shares of the financial services provider’s stock valued at $80,000 after acquiring an additional 5,451 shares in the last quarter. Finally, First National Trust Co acquired a new stake in shares of Tristate Capital during the 1st quarter valued at $97,000. Institutional investors own 74.47% of the company’s stock.

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. It operates in two segments, Bank and Investment Management. The company's deposit products include checking accounts, money market deposit accounts, and certificates of deposit, as well as promontory's certificate of deposit account registry services and insured cash sweep services.

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Earnings History and Estimates for Tristate Capital (NASDAQ:TSC)

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