News stories about TriState Capital Holdings (NASDAQ:TSC) have been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. TriState Capital Holdings earned a news impact score of 0.23 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 46.4799724457724 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
TSC has been the subject of several research reports. Zacks Investment Research upgraded shares of TriState Capital Holdings from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Thursday, June 22nd. ValuEngine raised shares of TriState Capital Holdings from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Maxim Group boosted their target price on shares of TriState Capital Holdings from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, April 21st. BidaskClub cut shares of TriState Capital Holdings from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, Stephens reissued a “buy” rating and set a $30.00 target price on shares of TriState Capital Holdings in a research report on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $28.50.
TriState Capital Holdings (TSC) traded up 0.22% on Friday, hitting $22.80. 297,578 shares of the stock were exchanged. The company’s 50 day moving average price is $24.45 and its 200-day moving average price is $23.71. TriState Capital Holdings has a one year low of $13.92 and a one year high of $26.30. The company has a market cap of $653.56 million, a P/E ratio of 20.56 and a beta of 0.31.
TriState Capital Holdings (NASDAQ:TSC) last announced its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. TriState Capital Holdings had a return on equity of 9.09% and a net margin of 19.80%. The company had revenue of $33.75 million for the quarter, compared to the consensus estimate of $35.27 million. Equities research analysts predict that TriState Capital Holdings will post $1.19 EPS for the current fiscal year.
In other TriState Capital Holdings news, Director Kim Ruth acquired 5,000 shares of TriState Capital Holdings stock in a transaction dated Monday, May 8th. The stock was bought at an average cost of $24.73 per share, with a total value of $123,650.00. Following the completion of the transaction, the director now owns 3,000 shares of the company’s stock, valued at $74,190. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Helen Hanna Casey acquired 10,000 shares of TriState Capital Holdings stock in a transaction dated Tuesday, May 30th. The stock was acquired at an average cost of $23.66 per share, with a total value of $236,600.00. Following the completion of the transaction, the director now directly owns 39,055 shares of the company’s stock, valued at approximately $924,041.30. The disclosure for this purchase can be found here. Company insiders own 23.40% of the company’s stock.
About TriState Capital Holdings
TriState Capital Holdings, Inc is a bank holding company. The Company’s subsidiaries include TriState Capital Bank (the Bank), a Pennsylvania chartered bank; Chartwell Investment Partners, LLC (Chartwell), an investment advisor, and Chartwell TSC Securities Corp. (CTSC Securities). The Company operates through two segments: Bank and Investment Management.
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