TriState Capital Holdings, Inc. (NASDAQ:TSC) released its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.35 EPS for the quarter, topping the consensus estimate of $0.30 by $0.05, Bloomberg Earnings reports. The company had revenue of $35.31 million for the quarter, compared to the consensus estimate of $36.41 million. TriState Capital Holdings had a return on equity of 9.32% and a net margin of 19.58%.
Shares of TriState Capital Holdings (NASDAQ:TSC) traded up 1.10% on Friday, hitting $23.05. The stock had a trading volume of 90,733 shares. TriState Capital Holdings has a 12-month low of $16.75 and a 12-month high of $26.30. The firm has a market cap of $660.73 million, a price-to-earnings ratio of 20.78 and a beta of 0.32. The stock has a 50 day moving average of $22.31 and a 200 day moving average of $23.31.
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Several research firms have commented on TSC. BidaskClub downgraded TriState Capital Holdings from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Stephens reiterated a “buy” rating and issued a $30.00 price target on shares of TriState Capital Holdings in a report on Thursday, July 20th. ValuEngine upgraded TriState Capital Holdings from a “hold” rating to a “buy” rating in a report on Thursday, July 20th. Zacks Investment Research downgraded TriState Capital Holdings from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $28.00 price target on shares of TriState Capital Holdings in a report on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $28.75.
In other news, insider Brian S. Fetterolf purchased 3,250 shares of the business’s stock in a transaction dated Friday, August 11th. The shares were acquired at an average price of $21.83 per share, for a total transaction of $70,947.50. Following the completion of the acquisition, the insider now directly owns 85,090 shares of the company’s stock, valued at $1,857,514.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brian S. Fetterolf purchased 1,560 shares of the business’s stock in a transaction dated Thursday, August 17th. The shares were purchased at an average price of $21.54 per share, for a total transaction of $33,602.40. Following the acquisition, the insider now directly owns 85,090 shares of the company’s stock, valued at $1,832,838.60. The disclosure for this purchase can be found here. 23.40% of the stock is owned by corporate insiders.
TriState Capital Holdings Company Profile
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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