The stock of Tristate Capital Holdings Inc (NASDAQ:TSC) hit a new 52-week high and has $20.95 target or 5.00% above today’s $19.95 share price. The 5 months bullish chart indicates low risk for the $583.02M company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $20.95 price target is reached, the company will be worth $29.15 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 77,436 shares traded hands. Tristate Capital Holdings Inc (NASDAQ:TSC) has risen 49.06% since April 21, 2016 and is uptrending. It has outperformed by 43.73% the S&P500.
Analysts await Tristate Capital Holdings Inc (NASDAQ:TSC) to report earnings on January, 25. They expect $0.22 earnings per share, up 10.00% or $0.02 from last year’s $0.2 per share. TSC’s profit will be $6.43M for 22.67 P/E if the $0.22 EPS becomes a reality. After $0.30 actual earnings per share reported by Tristate Capital Holdings Inc for the previous quarter, Wall Street now forecasts -26.67% negative EPS growth.
Tristate Capital Holdings Inc (NASDAQ:TSC) Ratings Coverage
Out of 2 analysts covering TriState Capital Holdings (NASDAQ:TSC), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. TriState Capital Holdings has been the topic of 4 analyst reports since December 15, 2015 according to StockzIntelligence Inc. The rating was initiated by Maxim Group with “Buy” on Tuesday, December 15. On Wednesday, October 5 the stock rating was initiated by Boenning & Scattergood with “Neutral”.
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.”
Insitutional Activity: The institutional sentiment increased to 0.97 in 2016 Q2. Its up 0.14, from 0.83 in 2016Q1. The ratio improved, as 10 funds sold all Tristate Capital Holdings Inc shares owned while 32 reduced positions. 8 funds bought stakes while 27 increased positions. They now own 16.05 million shares or 0.42% less from 16.11 million shares in 2016Q1.
The Texas-based Teacher Retirement Systems Of Texas has invested 0% in Tristate Capital Holdings Inc (NASDAQ:TSC). Cornercap Invest Counsel Inc holds 0.1% of its portfolio in Tristate Capital Holdings Inc (NASDAQ:TSC) for 38,745 shares. Geode Ltd Llc accumulated 0% or 148,576 shares. D E Shaw & Communications accumulated 52,646 shares or 0% of the stock. National Bank Of Ny Mellon has invested 0% of its portfolio in Tristate Capital Holdings Inc (NASDAQ:TSC). Wedge Capital Management L Lp Nc has invested 0% of its portfolio in Tristate Capital Holdings Inc (NASDAQ:TSC). Bridgeway Management Inc has 113,960 shares for 0.02% of their US portfolio. Bnp Paribas Arbitrage Sa accumulated 0% or 853 shares. 1492 Capital Mgmt Ltd Llc holds 17,123 shares or 0.21% of its portfolio. Blackrock Incorporated has 0% invested in the company for 5,687 shares. Natl Bank Of America De has 1,582 shares for 0% of their US portfolio. Girard Prtnrs Ltd holds 0.16% or 30,862 shares in its portfolio. The Illinois-based First Advisors L P has invested 0% in Tristate Capital Holdings Inc (NASDAQ:TSC). Parametric Port Assocs Ltd Limited Liability Company accumulated 14,100 shares or 0% of the stock. Renaissance Tech Ltd has 0.01% invested in the company for 210,192 shares.
Insider Transactions: Since September 7, 2016, the stock had 1 insider purchase, and 3 sales for $1.37 million net activity. $228,556 worth of Tristate Capital Holdings Inc (NASDAQ:TSC) was sold by Dolan James J.. The insider GETZ JAMES F bought $84,496. Zappala Richard A. also sold $77,838 worth of Tristate Capital Holdings Inc (NASDAQ:TSC) shares.
TSC Company Profile
TriState Capital Holdings, Inc., incorporated on May 25, 2006, is a bank holding company. The Company’s subsidiaries include TriState Capital Bank (the Bank), a Pennsylvania chartered bank; Chartwell Investment Partners, Inc. (Chartwell), an investment advisor, and Chartwell TSC Securities Corp. (CTSC Securities). The Firm operates through two divisions: Bank and Investment Management. The Bank segment provides commercial banking and private banking services to middle-market businesses and high-net-worth individuals through its TriState Capital Bank subsidiary. The Investment Management segment provides advisory and sub-advisory investment management services to primarily institutional plan sponsors through Chartwell, and also provides distribution and marketing services for Chartwell’s investment products through CTSC Securities.
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