Wall Street analysts expect that Tristate Capital Holdings Inc (NASDAQ:TSC) will post $0.46 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Tristate Capital’s earnings. The lowest EPS estimate is $0.43 and the highest is $0.47. Tristate Capital posted earnings per share of $0.50 in the same quarter last year, which would indicate a negative year over year growth rate of 8%. The business is expected to issue its next earnings report on Wednesday, January 29th.
On average, analysts expect that Tristate Capital will report full year earnings of $1.87 per share for the current fiscal year, with EPS estimates ranging from $1.79 to $1.92. For the next fiscal year, analysts forecast that the company will report earnings of $1.97 per share, with EPS estimates ranging from $1.85 to $2.10. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Tristate Capital.
Tristate Capital (NASDAQ:TSC) last posted its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $0.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.07. Tristate Capital had a return on equity of 13.28% and a net margin of 19.84%. The business had revenue of $46.56 million for the quarter, compared to the consensus estimate of $45.39 million.
NASDAQ TSC traded up $0.02 during trading hours on Friday, reaching $23.44. The company’s stock had a trading volume of 205,867 shares, compared to its average volume of 116,855. The firm has a market capitalization of $686.91 million, a price-to-earnings ratio of 13.49 and a beta of 1.07. Tristate Capital has a 1-year low of $18.20 and a 1-year high of $26.01. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.04 and a quick ratio of 1.04. The company’s 50-day moving average is $21.36 and its two-hundred day moving average is $21.26.
In related news, Director David L. Bonvenuto bought 4,500 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was purchased at an average cost of $21.15 per share, for a total transaction of $95,175.00. Following the completion of the acquisition, the director now owns 18,421 shares in the company, valued at approximately $389,604.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO James F. Getz bought 25,000 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was bought at an average price of $19.78 per share, with a total value of $494,500.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 56,662 shares of company stock valued at $1,117,313. Company insiders own 17.50% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in TSC. Aperio Group LLC purchased a new position in Tristate Capital in the second quarter valued at $25,000. Tower Research Capital LLC TRC boosted its holdings in Tristate Capital by 2,613.7% in the second quarter. Tower Research Capital LLC TRC now owns 1,384 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 1,333 shares during the period. Bessemer Group Inc. purchased a new position in Tristate Capital in the second quarter valued at $97,000. Pacific Ridge Capital Partners LLC purchased a new position in Tristate Capital in the second quarter valued at $260,000. Finally, Carroll Financial Associates Inc. boosted its holdings in Tristate Capital by 59.0% in the third quarter. Carroll Financial Associates Inc. now owns 18,050 shares of the financial services provider’s stock valued at $379,000 after purchasing an additional 6,700 shares during the period. Hedge funds and other institutional investors own 71.08% 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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