TriState Capital (NASDAQ:TSC) issued its quarterly earnings data on Tuesday. The financial services provider reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.05, MarketWatch Earnings reports. TriState Capital had a return on equity of 9.39% and a net margin of 16.39%.
NASDAQ:TSC traded down $0.90 during trading hours on Thursday, reaching $22.40. The company’s stock had a trading volume of 146,043 shares, compared to its average volume of 122,705. TriState Capital has a 12 month low of $11.73 and a 12 month high of $26.42. The stock has a 50 day moving average price of $24.22 and a two-hundred day moving average price of $19.10. The company has a market capitalization of $742.81 million, a P/E ratio of 16.61 and a beta of 2.10. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.98 and a current ratio of 0.98.
A number of research firms have weighed in on TSC. DA Davidson downgraded shares of TriState Capital from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 30th. Raymond James increased their price objective on shares of TriState Capital from $26.00 to $29.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, April 13th. Wedbush upgraded TriState Capital from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 6th. Zacks Investment Research downgraded TriState Capital from a “buy” rating to a “hold” rating in a report on Wednesday, March 31st. Finally, B. Riley raised their price target on TriState Capital from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 2nd. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $24.50.
About TriState Capital
TriState Capital Holdings, Inc is bank holding company, which provides commercial banking, private banking, and investment management services. It operates through the following segment: Bank, and Investment Management, and Parent and Other. The Bank segment focuses in commercial banking products and services to middle-market businesses and private banking products and services to high-net-worth individuals.
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