Wall Street brokerages expect Tristate Capital Holdings Inc (NASDAQ:TSC) to report sales of $46.52 million for the current quarter, according to Zacks. Three analysts have made estimates for Tristate Capital’s earnings. The highest sales estimate is $47.27 million and the lowest is $46.10 million. Tristate Capital posted sales of $41.11 million during the same quarter last year, which would indicate a positive year over year growth rate of 13.2%. The company is expected to announce its next quarterly earnings results on Wednesday, January 29th.

On average, analysts expect that Tristate Capital will report full-year sales of $179.73 million for the current financial year, with estimates ranging from $179.10 million to $180.63 million. For the next financial year, analysts forecast that the company will report sales of $203.04 million, with estimates ranging from $201.60 million to $204.01 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Tristate Capital.

Tristate Capital (NASDAQ:TSC) last released its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.07. The company had revenue of $46.56 million for the quarter, compared to analysts’ expectations of $45.39 million. Tristate Capital had a net margin of 19.84% and a return on equity of 13.05%.

A number of research analysts recently weighed in on TSC shares. BidaskClub raised Tristate Capital from a “sell” rating to a “hold” rating in a research note on Thursday, September 12th. Raymond James reduced their price objective on Tristate Capital from $28.00 to $24.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Zacks Investment Research upgraded Tristate Capital from a “sell” rating to a “hold” rating in a report on Saturday, October 19th. ValuEngine lowered Tristate Capital from a “buy” rating to a “hold” rating in a research report on Friday, September 27th. Finally, B. Riley set a $27.00 target price on Tristate Capital and gave the stock a “buy” rating in a research report on Friday, October 18th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Tristate Capital presently has a consensus rating of “Buy” and a consensus price target of $25.80.

Hedge funds have recently added to or reduced their stakes in the business. Nuveen Asset Management LLC purchased a new stake in Tristate Capital in the 2nd quarter valued at $3,939,000. Brown Advisory Inc. grew its stake in shares of Tristate Capital by 16.4% in the 2nd quarter. Brown Advisory Inc. now owns 1,232,086 shares of the financial services provider’s stock worth $26,293,000 after acquiring an additional 173,682 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Tristate Capital by 2.0% in the second quarter. BlackRock Inc. now owns 4,146,715 shares of the financial services provider’s stock valued at $88,491,000 after purchasing an additional 80,644 shares during the last quarter. Susquehanna International Group LLP purchased a new stake in shares of Tristate Capital in the second quarter valued at about $704,000. Finally, Citadel Advisors LLC lifted its position in shares of Tristate Capital by 113.8% during the second quarter. Citadel Advisors LLC now owns 57,775 shares of the financial services provider’s stock valued at $1,233,000 after purchasing an additional 30,755 shares in the last quarter. Institutional investors and hedge funds own 71.57% of the company’s stock.

Tristate Capital stock traded up $0.61 during midday trading on Thursday, reaching $24.86. The stock had a trading volume of 148,764 shares, compared to its average volume of 76,237. Tristate Capital has a 12 month low of $18.20 and a 12 month high of $24.96. The company has a market capitalization of $710.62 million, a P/E ratio of 12.44 and a beta of 1.08. The company has a fifty day moving average price of $23.73 and a two-hundred day moving average price of $21.52. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.72.

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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Earnings History and Estimates for Tristate Capital (NASDAQ:TSC)

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