TriState Capital (NASDAQ:TSC) Earns Sell Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of TriState Capital (NASDAQ:TSCGet Rating) in a report issued on Monday morning. The brokerage issued a sell rating on the financial services provider’s stock.

The company has a fifty day moving average price of $30.94 and a 200-day moving average price of $31.25. TriState Capital has a one year low of $18.35 and a one year high of $34.87. The firm has a market cap of $1.03 billion, a P/E ratio of 16.53 and a beta of 1.94. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.72.

TriState Capital (NASDAQ:TSCGet Rating) last posted its quarterly earnings results on Wednesday, April 27th. The financial services provider reported $0.48 EPS for the quarter, beating the consensus estimate of $0.42 by $0.06. The company had revenue of $68.70 million during the quarter, compared to analysts’ expectations of $65.48 million. TriState Capital had a return on equity of 13.05% and a net margin of 27.20%. On average, sell-side analysts predict that TriState Capital will post 2 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Guggenheim Capital LLC boosted its holdings in TriState Capital by 1.7% in the 1st quarter. Guggenheim Capital LLC now owns 23,545 shares of the financial services provider’s stock worth $782,000 after acquiring an additional 385 shares during the period. NBW Capital LLC raised its position in shares of TriState Capital by 0.4% in the 1st quarter. NBW Capital LLC now owns 135,070 shares of the financial services provider’s stock valued at $4,488,000 after purchasing an additional 551 shares in the last quarter. Rafferty Asset Management LLC raised its position in shares of TriState Capital by 6.3% in the 4th quarter. Rafferty Asset Management LLC now owns 10,881 shares of the financial services provider’s stock valued at $329,000 after purchasing an additional 648 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its position in shares of TriState Capital by 0.4% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 183,863 shares of the financial services provider’s stock valued at $6,110,000 after purchasing an additional 723 shares in the last quarter. Finally, JFS Wealth Advisors LLC acquired a new position in shares of TriState Capital in the 1st quarter valued at approximately $42,000. Hedge funds and other institutional investors own 76.34% of the company’s stock.

TriState Capital Company Profile (Get Rating)

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. The company operates in two segments, Bank and Investment Management.

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