Equities research analysts predict that Tristate Capital Holdings Inc (NASDAQ:TSC) will post $45.47 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Tristate Capital’s earnings, with the lowest sales estimate coming in at $44.46 million and the highest estimate coming in at $46.45 million. Tristate Capital posted sales of $41.29 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 10.1%. The company is scheduled to announce its next quarterly earnings results on Wednesday, July 17th.

On average, analysts expect that Tristate Capital will report full year sales of $185.38 million for the current year, with estimates ranging from $184.54 million to $186.10 million. For the next financial year, analysts anticipate that the company will report sales of $212.35 million, with estimates ranging from $209.44 million to $215.71 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Tristate Capital.

Tristate Capital (NASDAQ:TSC) last released its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.05. Tristate Capital had a return on equity of 12.91% and a net margin of 21.60%. The business had revenue of $43.82 million during the quarter, compared to analyst estimates of $43.30 million.

Several equities research analysts recently issued reports on TSC shares. Zacks Investment Research downgraded Tristate Capital from a “buy” rating to a “hold” rating in a research note on Saturday. BidaskClub raised Tristate Capital from a “hold” rating to a “buy” rating in a research note on Wednesday, May 8th. Maxim Group reissued a “buy” rating and issued a $28.00 price objective on shares of Tristate Capital in a research note on Sunday, April 21st. Boenning Scattergood reissued a “hold” rating on shares of Tristate Capital in a research note on Thursday, April 18th. Finally, Stephens set a $25.00 price objective on Tristate Capital and gave the stock a “buy” rating in a research note on Thursday, April 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $28.25.

In related news, CEO James F. Getz sold 6,250 shares of the stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $22.70, for a total value of $141,875.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 17.50% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of TSC. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Tristate Capital during the 1st quarter worth about $31,000. Quantamental Technologies LLC purchased a new stake in shares of Tristate Capital during the 1st quarter worth about $41,000. Legal & General Group Plc raised its stake in shares of Tristate Capital by 15.2% during the 4th quarter. Legal & General Group Plc now owns 4,375 shares of the financial services provider’s stock worth $85,000 after purchasing an additional 576 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Tristate Capital by 56,633.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,106 shares of the financial services provider’s stock worth $104,000 after purchasing an additional 5,097 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its stake in shares of Tristate Capital by 407.5% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 8,207 shares of the financial services provider’s stock worth $160,000 after purchasing an additional 6,590 shares in the last quarter. 69.58% of the stock is owned by institutional investors.

NASDAQ:TSC opened at $21.74 on Tuesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.03 and a quick ratio of 1.04. Tristate Capital has a 1-year low of $18.20 and a 1-year high of $30.10. The firm has a market capitalization of $676.32 million, a P/E ratio of 12.57, a P/E/G ratio of 1.00 and a beta of 1.12.

Tristate Capital Company Profile

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. It operates in two segments, Bank and Investment Management. The company's deposit products include checking accounts, money market deposit accounts, and certificates of deposit, as well as promontory's certificate of deposit account registry services and insured cash sweep services.

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Earnings History and Estimates for Tristate Capital (NASDAQ:TSC)

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