The stock of Tristate Capital Holdings Inc (NASDAQ:TSC) reached all time high today, Oct, 11 and still has $38.70 target or 136.00% above today’s $16.40 share price. This indicates more upside for the $468.71M company. This technical setup was reported by Barchart.com. If the $38.70 PT is reached, the company will be worth $637.45M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 2,096 shares traded hands. Tristate Capital Holdings Inc (NASDAQ:TSC) has risen 23.39% since March 8, 2016 and is uptrending. It has outperformed by 14.07% the S&P500.
Analysts await Tristate Capital Holdings Inc (NASDAQ:TSC) to report earnings on October, 19. They expect $0.24 EPS, up 9.09% or $0.02 from last year’s $0.22 per share. TSC’s profit will be $6.86M for 17.08 P/E if the $0.24 EPS becomes a reality. After $0.24 actual EPS reported by Tristate Capital Holdings Inc for the previous quarter, Wall Street now forecasts 0.00% 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. $16 is the highest target while $15 is the lowest. The $15.50 average target is -5.49% below today’s ($16.4) stock price. TriState Capital Holdings has been the topic of 4 analyst reports since December 15, 2015 according to StockzIntelligence Inc. Boenning & Scattergood initiated the shares of TSC in a report on Wednesday, October 5 with “Neutral” rating. The company was initiated on Tuesday, December 15 by Maxim Group.
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 decreased to 0.83 in Q2 2016. Its down 0.34, from 1.17 in 2016Q1. The ratio dropped, 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.
Morgan Stanley holds 0% or 4,058 shares in its portfolio. Parametric Associates Limited accumulated 14,100 shares or 0% of the stock. Barclays Plc last reported 15,000 shares in the company. Banc Funds Ltd reported 2.05 million shares or 1.64% of all its holdings. Stephens Incorporated Ar last reported 59,465 shares in the company. Jpmorgan Chase And Company reported 255,900 shares or 0% of all its holdings. Blackrock Grp Ltd has invested 0% of its portfolio in Tristate Capital Holdings Inc (NASDAQ:TSC). Northern Trust has invested 0% of its portfolio in Tristate Capital Holdings Inc (NASDAQ:TSC). Moreover, New York State Common Retirement Fund has 0% invested in Tristate Capital Holdings Inc (NASDAQ:TSC) for 19,400 shares. Franklin Res Inc, a California-based fund reported 13,337 shares. Bridgeway Cap Management Incorporated accumulated 0.02% or 113,960 shares. The Ohio-based Strs Ohio has invested 0% in Tristate Capital Holdings Inc (NASDAQ:TSC). Dimensional Fund Limited Partnership reported 479,208 shares or 0% of all its holdings. Rhumbline Advisers, a Massachusetts-based fund reported 25,088 shares. First Interstate Savings Bank holds 0% of its portfolio in Tristate Capital Holdings Inc (NASDAQ:TSC) for 700 shares.
Insider Transactions: Since September 7, 2016, the stock had 0 insider purchases, and 2 selling transactions for $1.22 million net activity. Zappala Richard A. also sold $77,838 worth of Tristate Capital Holdings Inc (NASDAQ:TSC) shares. $1.14 million worth of Tristate Capital Holdings Inc (NASDAQ:TSC) was sold by GETZ JAMES F on Wednesday, September 7.
More recent Tristate Capital Holdings Inc (NASDAQ:TSC) news were published by: Businesswire.com which released: “TriState Capital to Expand Its Chartwell Investment Management Business with …” on December 16, 2015. Also Businesswire.com published the news titled: “TriState Capital Closes Acquisition of The Killen Group” on April 29, 2016. Businesswire.com‘s news article titled: “TriState Capital to Acquire Chartwell Investment Partners” with publication date: January 07, 2014 was also an interesting one.
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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