NASDAQ:TSC - Tristate Capital Stock Price, News, & Analysis

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$21.34 -0.30 (-1.39 %)
(As of 03/20/2019 01:49 PM ET)
Previous Close$21.64
Today's Range$21.20 - $21.77
52-Week Range$18.20 - $30.10
Volume68,965 shs
Average Volume141,781 shs
Market Capitalization$625.05 million
P/E Ratio12.34
Dividend YieldN/A
Beta1.1
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. It also provides loans that are secured by cash, marketable securities, cash value life insurance, residential property, or other financial assets, as well as commercial and industrial loans, commercial real estate loans, personal loans, asset-based loans, acquisition financing, and letters of credit. In addition, the company offers liquidity and treasury management services, such as online balance reporting, online bill payment, remote deposit, liquidity, wire and ACH, foreign exchange, and controlled disbursement services; and equity and fixed income advisory and sub-advisory services to third party mutual funds and series trust mutual funds, as well as separately managed accounts primarily comprising ultra-high-net-worth and institutional clients that include corporations, ERISA plans, Taft-Hartley funds, municipalities, endowments, and foundations. Further, it provides cash management services; and capital market services, which comprise interest rate swaps and investment management products, as well as engages in wholesaling and marketing the investment products and services. The company offers its products and services through its main office located in Pittsburgh, Pennsylvania, as well as through its four additional representative offices in Cleveland, Ohio; Philadelphia, Pennsylvania; Edison, New Jersey; and New York, New York. TriState Capital Holdings, Inc. was incorporated in 2006 and is headquartered in Pittsburgh, Pennsylvania.

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Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:TSC
CUSIPN/A
Phone412-304-0304

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$247.70 million
Cash Flow$1.9173 per share
Book Value$15.28 per share

Profitability

Net Income$54.42 million

Miscellaneous

EmployeesN/A
Market Cap$625.05 million
Next Earnings Date4/17/2019 (Estimated)
OptionableNot Optionable

Tristate Capital (NASDAQ:TSC) Frequently Asked Questions

What is Tristate Capital's stock symbol?

Tristate Capital trades on the NASDAQ under the ticker symbol "TSC."

How will Tristate Capital's stock buyback program work?

Tristate Capital declared that its board has initiated a stock buyback plan on Thursday, January 25th 2018, which allows the company to buyback $5,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company's board believes its shares are undervalued.

How were Tristate Capital's earnings last quarter?

Tristate Capital Holdings Inc (NASDAQ:TSC) issued its earnings results on Wednesday, January, 30th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.46 by $0.04. The financial services provider had revenue of $41.11 million for the quarter, compared to analyst estimates of $43.54 million. Tristate Capital had a net margin of 21.97% and a return on equity of 12.35%. View Tristate Capital's Earnings History.

When is Tristate Capital's next earnings date?

Tristate Capital is scheduled to release their next quarterly earnings announcement on Wednesday, April 17th 2019. View Earnings Estimates for Tristate Capital.

What price target have analysts set for TSC?

4 equities research analysts have issued 12 month target prices for Tristate Capital's shares. Their forecasts range from $25.00 to $35.00. On average, they expect Tristate Capital's share price to reach $29.3333 in the next year. This suggests a possible upside of 37.6% from the stock's current price. View Analyst Price Targets for Tristate Capital.

What is the consensus analysts' recommendation for Tristate Capital?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tristate Capital in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Tristate Capital.

What are Wall Street analysts saying about Tristate Capital stock?

Here are some recent quotes from research analysts about Tristate Capital stock:
  • 1. According to Zacks Investment Research, "Tristate Capital Holdings, Inc. is a bank holding company for TriState Capital Bank. The company provides commercial and private banking services to middle market businesses, professionals and high net worth individuals. It offers deposit products, commercial and industrial loans as well as cash management services which consist of online balance reporting, online bill payment, remote deposit, liquidity services, wire and ACH services, foreign exchange, controlled disbursement services and capital market services. Tristate Capital Holdings, Inc. is headquartered in Pittsburgh, Pennsylvania. " (2/7/2019)
  • 2. Maxim Group analysts commented, "4Q18 EPS of $0.50 (including material tax benefits), versus consensus of $0.46, driven by very strong growth in loans (up 7.9% linked-quarter) and deposits (up 6.2%), though with a narrower net interest margin (down 10bps). We are lowering our price target to $28, from $31, based on lower valuation of peers. This equates to 14.0x our 2019 EPS estimate, versus 15.5x in our previous price target. While we believe that TSC deserves a premium to peers due to its many above-peer attributes (see below), the P/E valuation of peers (based on 2019 estimates) has declined, on average by about 1.5x since our last update in mid-October. We regard TSC’s favorable capital position as a major differentiator that is undervalued by investors." (2/1/2019)

Has Tristate Capital been receiving favorable news coverage?

News articles about TSC stock have been trending somewhat positive this week, according to InfoTrie Sentiment. The research group identifies positive and negative press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Tristate Capital earned a news impact score of 1.7 on InfoTrie's scale. They also assigned media headlines about the financial services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the next several days.

Who are some of Tristate Capital's key competitors?

What other stocks do shareholders of Tristate Capital own?

Who are Tristate Capital's key executives?

Tristate Capital's management team includes the folowing people:
  • Mr. James Francis Getz, Chairman, Pres & CEO (Age 72)
  • Mr. Brian Scott Fetterolf, VP & Director (Age 46)
  • Mr. David J. Demas, Chief Financial Officer (Age 53)
  • Mr. Thomas M. Groneman, Chief Credit Officer
  • Mr. James Hill, Sr. VP of Commercial Lending - New Jersey Regional Office

Who are Tristate Capital's major shareholders?

Tristate Capital's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (13.36%), Dimensional Fund Advisors LP (5.05%), Dimensional Fund Advisors LP (4.98%), Banc Funds Co. LLC (4.49%), Second Curve Capital LLC (2.95%) and Royce & Associates LP (2.87%). Company insiders that own Tristate Capital stock include Brian S Fetterolf, David J Demas, David L Bonvenuto, Helen Hanna Casey, James E Minnick, James F Getz, James J Dolan, John B Yasinsky, Kim Ruth, Lovell Minnick Partners Llc and Richard B Seidel. View Institutional Ownership Trends for Tristate Capital.

Which major investors are selling Tristate Capital stock?

TSC stock was sold by a variety of institutional investors in the last quarter, including Emerald Mutual Fund Advisers Trust, Second Curve Capital LLC, Boston Advisors LLC, Millennium Management LLC, Northpointe Capital LLC, Two Sigma Investments LP, D. E. Shaw & Co. Inc. and Chicago Equity Partners LLC. Company insiders that have sold Tristate Capital company stock in the last year include James E Minnick, James F Getz, John B Yasinsky, Lovell Minnick Partners Llc and Richard B Seidel. View Insider Buying and Selling for Tristate Capital.

Which major investors are buying Tristate Capital stock?

TSC stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Dimensional Fund Advisors LP, Dimensional Fund Advisors LP, Hsbc Holdings PLC, MUFG Securities EMEA plc, MUFG Securities EMEA plc, Royce & Associates LP and Carroll Financial Associates Inc.. Company insiders that have bought Tristate Capital stock in the last two years include Brian S Fetterolf, David J Demas, David L Bonvenuto, Helen Hanna Casey, James J Dolan, Kim Ruth and Richard B Seidel. View Insider Buying and Selling for Tristate Capital.

How do I buy shares of Tristate Capital?

Shares of TSC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Tristate Capital's stock price today?

One share of TSC stock can currently be purchased for approximately $21.32.

How big of a company is Tristate Capital?

Tristate Capital has a market capitalization of $624.46 million and generates $247.70 million in revenue each year. The financial services provider earns $54.42 million in net income (profit) each year or $1.73 on an earnings per share basis.

What is Tristate Capital's official website?

The official website for Tristate Capital is http://www.tristatecapitalbank.com.

How can I contact Tristate Capital?

Tristate Capital's mailing address is ONE OXFORD CENTRE 301 GRANT STREET SUITE 2700, PITTSBURGH PA, 15219. The financial services provider can be reached via phone at 412-304-0304 or via email at [email protected]


MarketBeat Community Rating for Tristate Capital (NASDAQ TSC)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  229 (Vote Outperform)
Underperform Votes:  229 (Vote Underperform)
Total Votes:  458
MarketBeat's community ratings are surveys of what our community members think about Tristate Capital and other stocks. Vote "Outperform" if you believe TSC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TSC will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/20/2019 by MarketBeat.com Staff

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