Somewhat Favorable News Coverage Somewhat Unlikely to Affect Tristate Capital (TSC) Stock Price

Headlines about Tristate Capital (NASDAQ:TSC) have trended somewhat positive recently, Accern reports. Accern ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Tristate Capital earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 45.9505091948453 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Several analysts recently issued reports on TSC shares. BidaskClub upgraded shares of Tristate Capital from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. ValuEngine lowered shares of Tristate Capital from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. 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 target on the stock. 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. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $28.60.

Shares of Tristate Capital (NASDAQ TSC) opened at $23.70 on Friday. Tristate Capital has a 52-week low of $19.65 and a 52-week high of $26.30. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market cap of $675.96, a P/E ratio of 20.26, a price-to-earnings-growth ratio of 1.98 and a beta of 0.33.

Tristate Capital (NASDAQ:TSC) last issued its earnings results on Thursday, October 19th. The financial services provider reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $36.41 million. equities research analysts expect that Tristate Capital will post 1.23 EPS for the current fiscal year.

In other 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 transaction of $291,840.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 23.40% of the company’s stock.

WARNING: “Somewhat Favorable News Coverage Somewhat Unlikely to Affect Tristate Capital (TSC) Stock Price” was first posted by Community Financial News and is owned by of Community Financial News. If you are reading this piece on another publication, it was copied illegally and reposted in violation of U.S. & international copyright & trademark law. The original version of this piece can be viewed at https://www.com-unik.info/2017/12/23/somewhat-favorable-news-coverage-somewhat-unlikely-to-affect-tristate-capital-tsc-stock-price.html.

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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