Tristate Capital Holdings Inc (NASDAQ:TSC) has received an average recommendation of “Buy” from the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $26.00.
Several equities research analysts have recently weighed in on TSC shares. Raymond James decreased their price target 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. BidaskClub raised Tristate Capital from a “sell” rating to a “hold” rating in a research note on Thursday, September 12th. ValuEngine lowered Tristate Capital from a “buy” rating to a “hold” rating in a research note on Friday, September 27th. B. Riley set a $27.00 target price on Tristate Capital and gave the company a “buy” rating in a report on Friday, October 18th. Finally, Zacks Investment Research raised shares of Tristate Capital from a “sell” rating to a “hold” rating in a research report on Saturday, October 19th.
NASDAQ TSC opened at $24.86 on Thursday. The company has a market capitalization of $710.62 million, a price-to-earnings ratio of 12.44 and a beta of 1.08. Tristate Capital has a twelve month low of $18.20 and a twelve month high of $24.96. The stock has a fifty day simple moving average of $23.73 and a 200 day simple moving average of $21.52. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.72.
A number of hedge funds have recently added to or reduced their stakes in TSC. BlackRock Inc. boosted its holdings in shares of Tristate Capital by 2.0% during the 2nd quarter. BlackRock Inc. now owns 4,146,715 shares of the financial services provider’s stock worth $88,491,000 after buying an additional 80,644 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Tristate Capital by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 1,236,574 shares of the financial services provider’s stock valued at $26,390,000 after acquiring an additional 7,454 shares in the last quarter. Brown Advisory Inc. lifted its position in shares of Tristate Capital by 16.4% during the 2nd quarter. Brown Advisory Inc. now owns 1,232,086 shares of the financial services provider’s stock valued at $26,293,000 after acquiring an additional 173,682 shares during the period. Northern Trust Corp lifted its position in shares of Tristate Capital by 1.7% during the 2nd quarter. Northern Trust Corp now owns 290,169 shares of the financial services provider’s stock valued at $6,192,000 after acquiring an additional 4,755 shares during the period. Finally, Stephens Inc. AR boosted its stake in Tristate Capital by 1.3% during the second quarter. Stephens Inc. AR now owns 206,921 shares of the financial services provider’s stock worth $4,416,000 after acquiring an additional 2,562 shares in the last quarter. Institutional investors and hedge funds own 71.57% of the company’s stock.
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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