Zacks: Analysts Expect Tristate Capital Holdings Inc (TSC) Will Announce Earnings of $0.46 Per Share

Wall Street brokerages expect that Tristate Capital Holdings Inc (NASDAQ:TSC) will report earnings per share of $0.46 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Tristate Capital’s earnings. The highest EPS estimate is $0.50 and the lowest is $0.43. Tristate Capital reported earnings of $0.40 per share in the same quarter last year, which would indicate a positive year over year growth rate of 15%. The firm is scheduled to announce its next earnings report on Wednesday, July 17th.

According to Zacks, analysts expect that Tristate Capital will report full-year earnings of $1.90 per share for the current fiscal year, with EPS estimates ranging from $1.85 to $1.97. For the next year, analysts anticipate that the firm will post earnings of $2.22 per share, with EPS estimates ranging from $2.15 to $2.30. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that cover Tristate Capital.

Tristate Capital (NASDAQ:TSC) last announced its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.05. Tristate Capital had a return on equity of 12.35% and a net margin of 21.97%. The business had revenue of $43.82 million during the quarter, compared to the consensus estimate of $43.30 million.

A number of equities analysts have recently commented on TSC shares. Zacks Investment Research downgraded Tristate Capital from a “hold” rating to a “sell” rating in a research report on Wednesday. BidaskClub downgraded Tristate Capital from a “sell” rating to a “strong sell” rating in a report on Tuesday, March 12th. Finally, Stephens reaffirmed a “buy” rating and issued a $25.00 price target on shares of Tristate Capital in a report on Wednesday, December 19th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $30.25.

Shares of Tristate Capital stock traded up $0.96 on Thursday, reaching $23.14. 187,453 shares of the company were exchanged, compared to its average volume of 135,737. Tristate Capital has a 1-year low of $18.20 and a 1-year high of $30.10. The company has a market cap of $639.58 million, a PE ratio of 13.38, a P/E/G ratio of 0.95 and a beta of 1.08. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.04 and a current ratio of 1.04.

In related news, CEO James F. Getz sold 6,250 shares of the company’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $22.70, for a total value of $141,875.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard B. Seidel purchased 2,500 shares of the stock in a transaction that occurred on Friday, February 1st. The stock was acquired at an average cost 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. Corporate insiders own 23.70% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Federated Investors Inc. PA boosted its holdings in shares of Tristate Capital by 2,571.1% in the third quarter. Federated Investors Inc. PA now owns 1,015 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 977 shares during the period. Legal & General Group Plc boosted its holdings in shares of Tristate Capital by 15.2% in the fourth quarter. Legal & General Group Plc now owns 4,375 shares of the financial services provider’s stock valued at $85,000 after acquiring an additional 576 shares during the period. Metropolitan Life Insurance Co. NY boosted its holdings in shares of Tristate Capital by 407.5% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 8,207 shares of the financial services provider’s stock valued at $160,000 after acquiring an additional 6,590 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Tristate Capital in the third quarter valued at approximately $265,000. Finally, Shaker Investments LLC OH boosted its holdings in shares of Tristate Capital by 7.0% in the fourth quarter. Shaker Investments LLC OH now owns 10,690 shares of the financial services provider’s stock valued at $208,000 after acquiring an additional 700 shares during the period. 70.57% of the stock is owned by institutional investors and hedge funds.

About Tristate Capital

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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