The stock of Tristate Capital Holdings Inc (NASDAQ:TSC) reached all time high today, Nov, 29 and still has $21.14 target or 4.00% above today’s $20.33 share price. This indicates more upside for the $586.16M company. This technical setup was reported by Barchart.com. If the $21.14 PT is reached, the company will be worth $23.45M 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 94,570 shares traded hands. Tristate Capital Holdings Inc (NASDAQ:TSC) has risen 50.85% since April 26, 2016 and is uptrending. It has outperformed by 45.59% the S&P500.
Analysts await Tristate Capital Holdings Inc (NASDAQ:TSC) to report earnings on January, 25. They expect $0.22 earnings per share, up 10.00% or $0.02 from last year’s $0.2 per share. TSC’s profit will be $6.34 million for 23.10 P/E if the $0.22 EPS becomes a reality. After $0.30 actual earnings per share 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. Maxim Group initiated Tristate Capital Holdings Inc (NASDAQ:TSC) on Tuesday, December 15 with “Buy” rating. The rating was initiated by Boenning & Scattergood on Wednesday, October 5 with “Neutral”.
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.
Blackrock Fund Advsr accumulated 567,064 shares or 0% of the stock. Cornercap Investment Counsel accumulated 38,745 shares or 0.1% of the stock. Fsi Group Ltd holds 1.01 million shares or 8.44% of its portfolio. Wells Fargo & Mn has invested 0% of its portfolio in Tristate Capital Holdings Inc (NASDAQ:TSC). Credit Suisse Ag, a Switzerland-based fund reported 13,816 shares. Metropolitan Life Insurance New York owns 16,792 shares or 0% of their US portfolio. Bridgeway Capital accumulated 113,960 shares or 0.02% of the stock. Elizabeth Park Advisors Limited accumulated 3.76% or 643,457 shares. Blackrock Grp Limited has 0% invested in the company for 5,684 shares. Pnc Fincl Svcs Group last reported 0% of its portfolio in the stock. Franklin Incorporated reported 13,337 shares or 0% of all its holdings. The California-based California State Teachers Retirement Sys has invested 0% in Tristate Capital Holdings Inc (NASDAQ:TSC). Oxbow Advisors Limited Co accumulated 19,688 shares or 0.04% of the stock. Nationwide Fund Advsr reported 101,286 shares or 0.01% of all its holdings. Geode Ltd Llc last reported 148,576 shares in the company.
Insider Transactions: Since September 7, 2016, the stock had 1 buy, and 3 selling transactions for $1.37 million net activity. $1.14M worth of shares were sold by GETZ JAMES F on Wednesday, September 7. Zappala Richard A. also sold $77,838 worth of Tristate Capital Holdings Inc (NASDAQ:TSC) on Thursday, September 8. Dolan James J. also sold $228,556 worth of Tristate Capital Holdings Inc (NASDAQ:TSC) on Wednesday, October 12.
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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