Tristate Capital (NASDAQ:TSC) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Wednesday, BidAskClub reports.

A number of other research firms have also recently issued reports on TSC. Boenning Scattergood reiterated a “hold” rating on shares of Tristate Capital in a research note on Thursday, April 18th. Zacks Investment Research upgraded shares of Tristate Capital from a “sell” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Thursday, April 25th. Maxim Group reiterated a “buy” rating and issued a $28.00 target price on shares of Tristate Capital in a research note on Sunday, April 21st. Finally, Stephens set a $25.00 target price on shares of Tristate Capital and gave the company a “buy” rating in a research note on Thursday, April 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $28.25.

NASDAQ TSC traded down $0.20 during trading on Wednesday, reaching $21.93. The company’s stock had a trading volume of 69,300 shares, compared to its average volume of 128,483. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $638.16 million, a PE ratio of 12.68, a price-to-earnings-growth ratio of 0.94 and a beta of 1.12. Tristate Capital has a 1-year low of $18.20 and a 1-year high of $30.10.

Tristate Capital (NASDAQ:TSC) last posted its earnings results on Wednesday, April 17th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.05. The firm had revenue of $43.82 million during the quarter, compared to analysts’ expectations of $43.30 million. Tristate Capital had a net margin of 21.60% and a return on equity of 12.91%. As a group, equities analysts anticipate that Tristate Capital will post 1.93 EPS for the current year.

In other news, CEO James F. Getz sold 6,250 shares of Tristate Capital stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $22.70, for a total value of $141,875.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 17.50% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. bought a new position in Tristate Capital during the first quarter worth $31,000. Quantamental Technologies LLC bought a new position in Tristate Capital during the first quarter worth $41,000. Legal & General Group Plc increased its position in Tristate Capital by 15.2% during the fourth quarter. Legal & General Group Plc now owns 4,375 shares of the financial services provider’s stock worth $85,000 after acquiring an additional 576 shares during the period. BNP Paribas Arbitrage SA increased its position in Tristate Capital by 56,633.3% during the first quarter. BNP Paribas Arbitrage SA now owns 5,106 shares of the financial services provider’s stock worth $104,000 after acquiring an additional 5,097 shares during the period. Finally, SEI Investments Co increased its position in Tristate Capital by 27.0% during the first quarter. SEI Investments Co now owns 7,193 shares of the financial services provider’s stock worth $143,000 after acquiring an additional 1,530 shares during the period. 68.91% of the stock is currently owned by institutional investors.

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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