TriState Capital Holdings, Inc. (TSC) Announces Quarterly Earnings Results, Beats Expectations By $0.05 EPS

TriState Capital Holdings, Inc. (NASDAQ:TSC) released its earnings results on Wednesday. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.05, Bloomberg Earnings reports. TriState Capital Holdings had a return on equity of 8.98% and a net margin of 19.80%. The business had revenue of $35.31 million for the quarter, compared to analyst estimates of $36.41 million.

Shares of TriState Capital Holdings (NASDAQ:TSC) remained flat at $22.75 during trading on Thursday. The company had a trading volume of 39,985 shares. The stock has a market capitalization of $652.13 million, a price-to-earnings ratio of 20.51 and a beta of 0.32. TriState Capital Holdings has a 12-month low of $16.75 and a 12-month high of $26.30. The company has a 50 day moving average of $22.07 and a 200 day moving average of $23.32.

In related news, insider Brian S. Fetterolf purchased 1,560 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was bought at an average price of $21.54 per share, for a total transaction of $33,602.40. Following the purchase, the insider now directly owns 85,090 shares in the company, valued at approximately $1,832,838.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian S. Fetterolf purchased 3,250 shares of the firm’s stock in a transaction dated Friday, August 11th. The shares were bought at an average price of $21.83 per share, with a total value of $70,947.50. Following the purchase, the insider now owns 85,090 shares in the company, valued at $1,857,514.70. The disclosure for this purchase can be found here. 23.40% of the stock is owned by company insiders.

TSC has been the topic of several analyst reports. BidaskClub lowered TriState Capital Holdings from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. ValuEngine downgraded TriState Capital Holdings from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Keefe, Bruyette & Woods reissued a “buy” rating and set a $28.00 price target on shares of TriState Capital Holdings in a research report on Tuesday, August 22nd. Zacks Investment Research downgraded TriState Capital Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th. Finally, Stephens reissued a “buy” rating and set a $30.00 price target 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. The company has an average rating of “Hold” and an average target price of $28.75.

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TriState Capital Holdings Company Profile

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 throug

Shares of TriState Capital Holdings (NASDAQ:TSC) remained flat at $22.75 during trading on Thursday. The company had a trading volume of 39,985 shares. The stock has a market capitalization of $652.13 million, a price-to-earnings ratio of 20.51 and a beta of 0.32. TriState Capital Holdings has a 12-month low of $16.75 and a 12-month high of $26.30. The company has a 50 day moving average of $22.07 and a 200 day moving average of $23.32.

In related news, insider Brian S. Fetterolf purchased 1,560 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was bought at an average price of $21.54 per share, for a total transaction of $33,602.40. Following the purchase, the insider now directly owns 85,090 shares in the company, valued at approximately $1,832,838.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian S. Fetterolf purchased 3,250 shares of the firm’s stock in a transaction dated Friday, August 11th. The shares were bought at an average price of $21.83 per share, with a total value of $70,947.50. Following the purchase, the insider now owns 85,090 shares in the company, valued at $1,857,514.70. The disclosure for this purchase can be found here. 23.40% of the stock is owned by company insiders.

TSC has been the topic of several analyst reports. BidaskClub lowered TriState Capital Holdings from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. ValuEngine downgraded TriState Capital Holdings from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Keefe, Bruyette & Woods reissued a “buy” rating and set a $28.00 price target on shares of TriState Capital Holdings in a research report on Tuesday, August 22nd. Zacks Investment Research downgraded TriState Capital Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th. Finally, Stephens reissued a “buy” rating and set a $30.00 price target 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. The company has an average rating of “Hold” and an average target price of $28.75.

COPYRIGHT VIOLATION NOTICE: This article was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this article on another domain, it was stolen and reposted in violation of international copyright and trademark laws. The original version of this article can be accessed at https://ledgergazette.com/2017/10/19/tristate-capital-holdings-inc-tsc-announces-quarterly-earnings-results-beats-expectations-by-0-05-eps.html.

TriState Capital Holdings Company Profile

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.

Earnings History for TriState Capital Holdings (NASDAQ:TSC)

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