Stock of The Day: Could Tristate Capital Holdings Inc See a Reversal After Breaking Its 52-Week High?

Stock of The Day: Could Tristate Capital Holdings Inc See a Reversal After Breaking Its 52 Week High?

The stock of Tristate Capital Holdings Inc (NASDAQ:TSC) hit a new 52-week high and has $20.96 target or 3.00% above today’s $20.35 share price. The 7 months bullish chart indicates low risk for the $576.78 million company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $20.96 price target is reached, the company will be worth $17.30 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. The stock increased 1.75% or $0.35 during the last trading session, hitting $20.35. About 114,389 shares traded hands. Tristate Capital Holdings Inc (NASDAQ:TSC) has risen 53.02% since April 25, 2016 and is uptrending. It has outperformed by 47.01% 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 $6.24M for 23.13 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 stock of Tristate Capital Holdings Inc (NASDAQ:TSC) earned “Buy” rating by Maxim Group on Tuesday, December 15. As per Wednesday, October 5, the company rating was initiated by Boenning & Scattergood.

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 Q2 2016. Its up 0.14, from 0.83 in 2016Q1. The ratio is positive, 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.
California Public Employees Retirement Systems reported 18,100 shares or 0% of all its holdings. Blackrock Fund Advsrs has 567,064 shares for 0% of their US portfolio. Wedge Mngmt L L P Nc holds 0% or 11,401 shares in its portfolio. Blackrock Group Inc Limited last reported 5,684 shares in the company. The California-based Franklin Resource Inc has invested 0% in Tristate Capital Holdings Inc (NASDAQ:TSC). 1492 Cap Mgmt Ltd accumulated 17,123 shares or 0.21% of the stock. Girard Partners Limited has 0.16% invested in the company for 30,862 shares. Stephens Ar last reported 0.04% of its portfolio in the stock. Great West Life Assurance Can owns 10,382 shares or 0% of their US portfolio. State Street Corp owns 335,554 shares or 0% of their US portfolio. Bridgeway Capital Management reported 113,960 shares or 0.02% of all its holdings. The Massachusetts-based Geode Lc has invested 0% in Tristate Capital Holdings Inc (NASDAQ:TSC). Vanguard Group Inc Inc last reported 0% of its portfolio in the stock. Nationwide Fund holds 0.01% of its portfolio in Tristate Capital Holdings Inc (NASDAQ:TSC) for 101,286 shares. Blackrock Institutional Na, a California-based fund reported 251,631 shares.

Insider Transactions: Since September 7, 2016, the stock had 1 insider purchase, and 3 sales for $1.37 million net activity. The insider Dolan James J. sold 12,000 shares worth $228,556. On Wednesday, September 7 GETZ JAMES F sold $1.14M worth of the stock or 75,000 shares. Zappala Richard A. sold $77,838 worth of stock.

Another recent and important Tristate Capital Holdings Inc (NASDAQ:TSC) news was published by Businesswire.com which published an article titled: “TriState Capital to Accelerate Growth of Its Chartwell Investment Partners …” on October 19, 2016.

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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