Tristate Capital (NASDAQ:TSC) has been given a $25.00 target price by equities researchers at Stephens in a research note issued to investors on Thursday, AnalystRatings.com reports. The firm presently has a “buy” rating on the financial services provider’s stock. Stephens’ price target would suggest a potential upside of 6.25% from the company’s previous close.

Several other research analysts have also issued reports on TSC. Zacks Investment Research lowered Tristate Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, April 17th. BidaskClub upgraded Tristate Capital from a “sell” rating to a “hold” rating in a research note on Tuesday, April 9th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Tristate Capital currently has an average rating of “Hold” and an average target price of $30.25.

Shares of TSC stock traded up $0.78 on Thursday, reaching $23.53. 8,829 shares of the stock were exchanged, compared to its average volume of 136,314. The company has a market cap of $667.76 million, a P/E ratio of 13.53, a PEG ratio of 1.01 and a beta of 1.08. Tristate Capital has a one year low of $18.20 and a one year high of $30.10. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.92.

Tristate Capital (NASDAQ:TSC) last released its earnings results on Wednesday, April 17th. The financial services provider reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.05. Tristate Capital had a return on equity of 13.13% and a net margin of 21.60%. The company had revenue of $43.82 million during the quarter, compared to the consensus estimate of $43.30 million. As a group, equities research analysts anticipate that Tristate Capital will post 1.9 earnings per share for the current fiscal year.

In other news, CEO James F. Getz sold 6,250 shares of the business’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $22.62, for a total value of $141,375.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard B. Seidel purchased 2,500 shares of Tristate Capital stock in a transaction dated Friday, February 1st. The stock was acquired at an average price of $20.70 per share, with a total value of $51,750.00. Following the acquisition, the director now owns 41,405 shares in the company, valued at approximately $857,083.50. The disclosure for this purchase can be found here. 23.70% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of the company. BlackRock Inc. raised its stake in Tristate Capital by 21.1% in the 4th quarter. BlackRock Inc. now owns 3,855,023 shares of the financial services provider’s stock valued at $75,019,000 after purchasing an additional 670,610 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Tristate Capital by 9.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,458,693 shares of the financial services provider’s stock valued at $28,386,000 after buying an additional 131,522 shares during the period. Vanguard Group Inc. grew its stake in shares of Tristate Capital by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,153,991 shares of the financial services provider’s stock valued at $31,850,000 after buying an additional 17,290 shares during the period. Vanguard Group Inc grew its stake in shares of Tristate Capital by 1.5% in the 3rd quarter. Vanguard Group Inc now owns 1,153,991 shares of the financial services provider’s stock valued at $31,850,000 after buying an additional 17,290 shares during the period. Finally, Royce & Associates LP grew its stake in shares of Tristate Capital by 7.5% in the 4th quarter. Royce & Associates LP now owns 829,050 shares of the financial services provider’s stock valued at $16,133,000 after buying an additional 57,858 shares during the period. Institutional investors and hedge funds own 70.57% of the company’s stock.

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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