Research Analysts’ Recent Ratings Updates for Tristate Capital (TSC)

A number of firms have modified their ratings and price targets on shares of Tristate Capital (NASDAQ: TSC) recently:

  • 2/12/2019 – Tristate Capital was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 2/7/2019 – Tristate Capital was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Tristate Capital Holdings, Inc. is a bank holding company for TriState Capital Bank. The company provides commercial and private banking services to middle market businesses, professionals and high net worth individuals. It offers deposit products, commercial and industrial loans as well as cash management services which consist of online balance reporting, online bill payment, remote deposit, liquidity services, wire and ACH services, foreign exchange, controlled disbursement services and capital market services. Tristate Capital Holdings, Inc. is headquartered in Pittsburgh, Pennsylvania. “
  • 2/2/2019 – Tristate Capital was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 2/1/2019 – Tristate Capital had its “buy” rating reaffirmed by analysts at Maxim Group. They now have a $28.00 price target on the stock. They wrote, “4Q18 EPS of $0.50 (including material tax benefits), versus consensus of $0.46, driven by very strong growth in loans (up 7.9% linked-quarter) and deposits (up 6.2%), though with a narrower net interest margin (down 10bps). We are lowering our price target to $28, from $31, based on lower valuation of peers. This equates to 14.0x our 2019 EPS estimate, versus 15.5x in our previous price target. While we believe that TSC deserves a premium to peers due to its many above-peer attributes (see below), the P/E valuation of peers (based on 2019 estimates) has declined, on average by about 1.5x since our last update in mid-October. We regard TSC’s favorable capital position as a major differentiator that is undervalued by investors.””
  • 1/31/2019 – Tristate Capital had its “buy” rating reaffirmed by analysts at Stephens. They now have a $25.00 price target on the stock.
  • 1/30/2019 – Tristate Capital was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Tristate Capital Holdings, Inc. is a bank holding company for TriState Capital Bank. The company provides commercial and private banking services to middle market businesses, professionals and high net worth individuals. It offers deposit products, commercial and industrial loans as well as cash management services which consist of online balance reporting, online bill payment, remote deposit, liquidity services, wire and ACH services, foreign exchange, controlled disbursement services and capital market services. Tristate Capital Holdings, Inc. is headquartered in Pittsburgh, Pennsylvania. “
  • 1/22/2019 – Tristate Capital was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Tristate Capital Holdings, Inc. is a bank holding company for TriState Capital Bank. The company provides commercial and private banking services to middle market businesses, professionals and high net worth individuals. It offers deposit products, commercial and industrial loans as well as cash management services which consist of online balance reporting, online bill payment, remote deposit, liquidity services, wire and ACH services, foreign exchange, controlled disbursement services and capital market services. Tristate Capital Holdings, Inc. is headquartered in Pittsburgh, Pennsylvania. “
  • 1/15/2019 – Tristate Capital was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Tristate Capital Holdings, Inc. is a bank holding company for TriState Capital Bank. The company provides commercial and private banking services to middle market businesses, professionals and high net worth individuals. It offers deposit products, commercial and industrial loans as well as cash management services which consist of online balance reporting, online bill payment, remote deposit, liquidity services, wire and ACH services, foreign exchange, controlled disbursement services and capital market services. Tristate Capital Holdings, Inc. is headquartered in Pittsburgh, Pennsylvania. “
  • 1/5/2019 – Tristate Capital was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Tristate Capital Holdings, Inc. is a bank holding company for TriState Capital Bank. The company provides commercial and private banking services to middle market businesses, professionals and high net worth individuals. It offers deposit products, commercial and industrial loans as well as cash management services which consist of online balance reporting, online bill payment, remote deposit, liquidity services, wire and ACH services, foreign exchange, controlled disbursement services and capital market services. Tristate Capital Holdings, Inc. is headquartered in Pittsburgh, Pennsylvania. “
  • 1/4/2019 – Tristate Capital was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 12/19/2018 – Tristate Capital had its “buy” rating reaffirmed by analysts at Stephens. They now have a $25.00 price target on the stock.
  • 12/18/2018 – Tristate Capital was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.

Shares of Tristate Capital stock remained flat at $$21.64 during midday trading on Wednesday. The company had a trading volume of 67,600 shares, compared to its average volume of 145,653. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market capitalization of $622.85 million, a P/E ratio of 12.51, a PEG ratio of 0.93 and a beta of 1.05. Tristate Capital Holdings Inc has a one year low of $18.20 and a one year high of $30.10.

Tristate Capital (NASDAQ:TSC) last announced its earnings results on Wednesday, January 30th. The financial services provider reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.04. The company had revenue of $41.11 million during the quarter, compared to the consensus estimate of $43.54 million. Tristate Capital had a return on equity of 12.54% and a net margin of 21.97%. On average, equities analysts predict that Tristate Capital Holdings Inc will post 1.92 EPS for the current year.

In other news, Director Richard B. Seidel sold 6,000 shares of the firm’s stock in a transaction on Monday, November 26th. The stock was sold at an average price of $25.21, for a total transaction of $151,260.00. Following the completion of the transaction, the director now directly owns 35,905 shares in the company, valued at $905,165.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard B. Seidel purchased 2,500 shares of Tristate Capital stock in a transaction dated Friday, February 1st. The shares were bought at an average price of $20.70 per share, with a total value of $51,750.00. Following the completion of the acquisition, the director now directly owns 41,405 shares of the company’s stock, valued at $857,083.50. The disclosure for this purchase can be found here. 23.70% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the company. LPL Financial LLC boosted its position in shares of Tristate Capital by 3.5% during the fourth quarter. LPL Financial LLC now owns 15,254 shares of the financial services provider’s stock valued at $297,000 after buying an additional 515 shares during the last quarter. Shaker Investments LLC OH boosted its position in shares of Tristate Capital by 7.0% during the fourth quarter. Shaker Investments LLC OH now owns 10,690 shares of the financial services provider’s stock valued at $208,000 after buying an additional 700 shares during the last quarter. Federated Investors Inc. PA boosted its position in shares of Tristate Capital by 2,571.1% during the third quarter. Federated Investors Inc. PA now owns 1,015 shares of the financial services provider’s stock valued at $28,000 after buying an additional 977 shares during the last quarter. Stratos Wealth Partners LTD. boosted its position in shares of Tristate Capital by 4.2% during the fourth quarter. Stratos Wealth Partners LTD. now owns 25,000 shares of the financial services provider’s stock valued at $487,000 after buying an additional 1,000 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of Tristate Capital by 12.1% during the third quarter. Alliancebernstein L.P. now owns 19,400 shares of the financial services provider’s stock valued at $535,000 after buying an additional 2,100 shares during the last quarter. Hedge funds and other institutional investors own 70.19% of the company’s stock.

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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