Tristate Capital (TSC) Receiving Somewhat Positive Press Coverage, Analysis Finds

News headlines about Tristate Capital (NASDAQ:TSC) have been trending somewhat positive on Wednesday, Accern Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Tristate Capital earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 45.1679624541976 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Here are some of the headlines that may have impacted Accern’s rankings:

Tristate Capital (NASDAQ TSC) opened at $23.95 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.74. Tristate Capital has a 12 month low of $19.65 and a 12 month high of $26.30. The company has a market cap of $689.02, a P/E ratio of 20.47, a PEG ratio of 1.48 and a beta of 0.33.

Tristate Capital (NASDAQ:TSC) last posted its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.05. Tristate Capital had a net margin of 19.58% and a return on equity of 9.21%. The business had revenue of $35.31 million during the quarter, compared to analyst estimates of $36.41 million. sell-side analysts expect that Tristate Capital will post 1.22 EPS for the current year.

Several research analysts have weighed in on the stock. BidaskClub raised shares of Tristate Capital from a “sell” rating to a “hold” rating in a research note on Saturday. Zacks Investment Research raised shares of Tristate Capital from a “hold” rating to a “strong-buy” rating and set a $27.00 target price for the company in a research note on Friday, January 12th. Raymond James Financial initiated coverage on shares of Tristate Capital in a research note on Monday, December 11th. They issued an “outperform” rating and a $28.00 price objective for the company. Finally, ValuEngine lowered shares of Tristate Capital from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Tristate Capital has an average rating of “Buy” and a consensus price target of $28.33.

In related news, Director James J. Dolan sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $24.32, for a total value of $291,840.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 23.40% of the company’s stock.

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Tristate Capital 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.

Insider Buying and Selling by Quarter for Tristate Capital (NASDAQ:TSC)

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