Equities analysts expect Tristate Capital Holdings Inc (NASDAQ:TSC) to announce earnings per share (EPS) of $0.22 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Tristate Capital’s earnings, with estimates ranging from $0.12 to $0.28. Tristate Capital posted earnings per share of $0.47 in the same quarter last year, which indicates a negative year over year growth rate of 53.2%. The firm is expected to issue its next earnings results after the market closes on Wednesday, July 22nd.

According to Zacks, analysts expect that Tristate Capital will report full year earnings of $1.20 per share for the current financial year, with EPS estimates ranging from $0.87 to $1.70. For the next fiscal year, analysts forecast that the company will post earnings of $1.67 per share, with EPS estimates ranging from $1.36 to $2.20. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Tristate Capital.

Tristate Capital (NASDAQ:TSC) last issued its quarterly earnings data on Monday, April 20th. The financial services provider reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.12. Tristate Capital had a net margin of 18.48% and a return on equity of 12.09%. The business had revenue of $48.24 million during the quarter, compared to analyst estimates of $45.23 million.

Several analysts have commented on the stock. B. Riley lowered their price objective on shares of Tristate Capital from $26.00 to $20.00 and set a “buy” rating for the company in a report on Monday, April 13th. Wedbush assumed coverage on shares of Tristate Capital in a report on Thursday, June 18th. They issued an “outperform” rating and a $20.00 price objective for the company. ValuEngine upgraded shares of Tristate Capital from a “sell” rating to a “hold” rating in a report on Thursday, June 25th. Raymond James upgraded shares of Tristate Capital from an “outperform” rating to a “strong-buy” rating and raised their price objective for the stock from $15.00 to $20.00 in a report on Wednesday, June 17th. Finally, Zacks Investment Research downgraded shares of Tristate Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Tristate Capital has an average rating of “Buy” and an average price target of $21.25.

In other news, CEO Brian S. Fetterolf purchased 8,500 shares of Tristate Capital stock in a transaction that occurred on Tuesday, April 21st. The stock was bought at an average price of $12.96 per share, with a total value of $110,160.00. Following the completion of the transaction, the chief executive officer now directly owns 215,973 shares of the company’s stock, valued at $2,799,010.08. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director James J. Dolan purchased 9,000 shares of Tristate Capital stock in a transaction that occurred on Monday, June 1st. The shares were purchased at an average cost of $22.95 per share, with a total value of $206,550.00. Following the transaction, the director now directly owns 18,125 shares of the company’s stock, valued at $415,968.75. The disclosure for this purchase can be found here. Insiders have acquired 23,673 shares of company stock valued at $406,573 in the last ninety days. Insiders own 17.50% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. State Street Corp increased its position in shares of Tristate Capital by 4.2% during the first quarter. State Street Corp now owns 631,767 shares of the financial services provider’s stock valued at $6,109,000 after acquiring an additional 25,613 shares in the last quarter. Engineers Gate Manager LP grew its position in Tristate Capital by 247.7% in the 1st quarter. Engineers Gate Manager LP now owns 32,747 shares of the financial services provider’s stock worth $317,000 after purchasing an additional 23,330 shares during the period. Squarepoint Ops LLC bought a new stake in Tristate Capital in the 1st quarter worth approximately $103,000. Invesco Ltd. grew its position in Tristate Capital by 6.3% in the 1st quarter. Invesco Ltd. now owns 31,592 shares of the financial services provider’s stock worth $306,000 after purchasing an additional 1,877 shares during the period. Finally, Morgan Stanley grew its position in Tristate Capital by 47.8% in the 1st quarter. Morgan Stanley now owns 66,238 shares of the financial services provider’s stock worth $640,000 after purchasing an additional 21,432 shares during the period. 74.47% of the stock is owned by institutional investors.

TSC traded up $0.30 on Thursday, hitting $15.66. The company had a trading volume of 2,213 shares, compared to its average volume of 168,882. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.99 and a quick ratio of 0.99. Tristate Capital has a 52-week low of $7.59 and a 52-week high of $26.43. The stock has a fifty day simple moving average of $14.85 and a 200-day simple moving average of $17.94. The firm has a market capitalization of $432.40 million, a P/E ratio of 8.70 and a beta of 2.00.

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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