Price Action To Observe: Tristate Capital Holdings Inc Sets Record High; Strong Momentum for Holders

Price Action To Observe: Tristate Capital Holdings Inc Sets Record High; Strong Momentum for Holders

The stock of Tristate Capital Holdings Inc (NASDAQ:TSC) reached all time high today, Nov, 24 and still has $20.80 target or 4.00% above today’s $20.00 share price. This indicates more upside for the $584.49M company. This technical setup was reported by Barchart.com. If the $20.80 PT is reached, the company will be worth $23.38M 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. The stock increased 0.50% or $0.1 on November 23, hitting $20. About 107,448 shares traded hands. Tristate Capital Holdings Inc (NASDAQ:TSC) has risen 51.06% since April 22, 2016 and is uptrending. It has outperformed by 45.65% the S&P500.

Analysts await Tristate Capital Holdings Inc (NASDAQ:TSC) to report earnings on January, 25. They expect $0.22 EPS, up 10.00% or $0.02 from last year’s $0.2 per share. TSC’s profit will be $6.43M for 22.73 P/E if the $0.22 EPS becomes a reality. After $0.30 actual EPS 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 company was initiated on Wednesday, October 5 by Boenning & Scattergood. 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 increased to 0.97 in 2016 Q2. Its up 0.14, from 0.83 in 2016Q1. The ratio increased, 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.
Citigroup accumulated 2,791 shares or 0% of the stock. Bank Of Montreal Can accumulated 10,935 shares or 0% of the stock. Lehman Res Inc has 0.16% invested in the company for 23,406 shares. Globeflex Capital Limited Partnership has 28,630 shares for 0.11% of their US portfolio. Oxbow has invested 0.04% of its portfolio in Tristate Capital Holdings Inc (NASDAQ:TSC). Bank Of Mellon holds 80,070 shares or 0% of its portfolio. Blackrock Invest Ltd Liability holds 92,922 shares or 0% of its portfolio. California State Teachers Retirement accumulated 0% or 45,994 shares. Springbok Mngmt Ltd Liability has 0.01% invested in the company for 5,200 shares. Banc Funds Co holds 1.64% of its portfolio in Tristate Capital Holdings Inc (NASDAQ:TSC) for 2.05M shares. The California-based California Pub Employees Retirement has invested 0% in Tristate Capital Holdings Inc (NASDAQ:TSC). Northern holds 0% or 231,239 shares in its portfolio. S&T Bank Pa last reported 25,000 shares in the company. The Manitoba – Canada-based Great West Life Assurance Can has invested 0% in Tristate Capital Holdings Inc (NASDAQ:TSC). State Street Corp accumulated 335,554 shares or 0% of the stock.

Insider Transactions: Since September 7, 2016, the stock had 1 buy, and 3 sales for $1.37 million net activity. 12,000 Tristate Capital Holdings Inc (NASDAQ:TSC) shares with value of $228,556 were sold by Dolan James J.. On Thursday, September 8 the insider Zappala Richard A. sold $77,838. 5,000 shares were bought by GETZ JAMES F, worth $84,496.

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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