Tristate Capital Holdings Inc (NASDAQ:TSC) – Research analysts at Boenning Scattergood decreased their FY2020 EPS estimates for shares of Tristate Capital in a research report issued on Thursday, October 17th. Boenning Scattergood analyst S. Beury now expects that the financial services provider will post earnings per share of $1.95 for the year, down from their previous estimate of $2.14. Boenning Scattergood has a “Hold” rating on the stock.
Tristate Capital (NASDAQ:TSC) last announced its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $0.50 EPS for the quarter, beating the consensus estimate of $0.43 by $0.07. Tristate Capital had a net margin of 19.84% and a return on equity of 13.28%. The business had revenue of $46.56 million during the quarter, compared to analysts’ expectations of $45.39 million.
Shares of NASDAQ TSC opened at $23.42 on Monday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.76. Tristate Capital has a 12 month low of $18.20 and a 12 month high of $26.01. The company has a 50 day simple moving average of $21.36 and a two-hundred day simple moving average of $21.26. The stock has a market cap of $665.99 million, a price-to-earnings ratio of 13.54 and a beta of 1.07.
In other news, Director David L. Bonvenuto bought 4,500 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was purchased at an average cost of $21.15 per share, for a total transaction of $95,175.00. Following the purchase, the director now directly owns 18,421 shares in the company, valued at approximately $389,604.15. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO James F. Getz bought 25,000 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was purchased at an average price of $19.78 per share, with a total value of $494,500.00. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 56,662 shares of company stock valued at $1,117,313. Company insiders own 17.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of TSC. Aperio Group LLC purchased a new stake in Tristate Capital in the 2nd quarter worth $25,000. Tower Research Capital LLC TRC increased its holdings in Tristate Capital by 2,613.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,384 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 1,333 shares in the last quarter. Bessemer Group Inc. purchased a new stake in Tristate Capital in the 2nd quarter worth $97,000. Pacific Ridge Capital Partners LLC purchased a new stake in Tristate Capital in the 2nd quarter worth $260,000. Finally, Carroll Financial Associates Inc. increased its holdings in Tristate Capital by 59.0% in the 3rd quarter. Carroll Financial Associates Inc. now owns 18,050 shares of the financial services provider’s stock worth $379,000 after acquiring an additional 6,700 shares in the last quarter. 71.08% of the stock is 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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