Tristate Capital Holdings, Inc. (TSC)’s Trend Up, Especially After Today’s 52-Week High Milestone

May 17, 2018 - By Margaret Downey

Investors sentiment decreased to 1.13 in 2017 Q4. Its down 0.03, from 1.16 in 2017Q3. It turned negative, as 8 investors sold Tristate Capital Holdings, Inc. shares while 32 reduced holdings. 8 funds opened positions while 37 raised stakes. 16.85 million shares or 0.74% less from 16.98 million shares in 2017Q3 were reported.
Invesco Ltd holds 18,319 shares or 0% of its portfolio. Menta Cap Ltd stated it has 69,614 shares or 0.31% of all its holdings. Rhumbline Advisers invested 0% of its portfolio in Tristate Capital Holdings, Inc. (NASDAQ:TSC). Dimensional Fund L P holds 0.01% of its portfolio in Tristate Capital Holdings, Inc. (NASDAQ:TSC) for 931,128 shares. Brandywine Glob Invest Management Limited Company invested in 0% or 20,610 shares. Renaissance Technologies Limited holds 451,402 shares. Swiss Bank & Trust has 0% invested in Tristate Capital Holdings, Inc. (NASDAQ:TSC). Franklin accumulated 13,337 shares. 33,457 are owned by Globeflex L P. Emerald Advisers Inc Pa invested in 11,743 shares. Janney Montgomery Scott Llc, Pennsylvania-based fund reported 10,000 shares. Thrivent Fincl For Lutherans stated it has 148,746 shares or 0.01% of all its holdings. Girard Limited has 0.16% invested in Tristate Capital Holdings, Inc. (NASDAQ:TSC) for 35,405 shares. First Advsr L P accumulated 54,017 shares. Balyasny Asset Mgmt Ltd Llc invested in 0% or 9,893 shares.

Since January 29, 2018, it had 8 buys, and 3 insider sales for $1.67 million activity. Demas David J bought $50,000 worth of stock. The insider Fetterolf Brian S bought 1,050 shares worth $24,048. 65,000 shares were sold by Dolan James J., worth $1.62M on Monday, January 29. Bonvenuto David L bought $25,000 worth of stock or 1,000 shares.

The stock of Tristate Capital Holdings, Inc. (NASDAQ:TSC) hit a new 52-week high and has $28.73 target or 8.00 % above today’s $26.60 share price. The 8 months bullish chart indicates low risk for the $770.95M company. The 1-year high was reported on May, 17 by Barchart.com. If the $28.73 price target is reached, the company will be worth $61.68M 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 1.14% or $0.3 during the last trading session, reaching $26.6. About 72,226 shares traded. Tristate Capital Holdings, Inc. (NASDAQ:TSC) has 0.00% since May 17, 2017 and is . It has underperformed by 11.55% the S&P500.

Analysts await Tristate Capital Holdings, Inc. (NASDAQ:TSC) to report earnings on July, 18. They expect $0.37 earnings per share, up 27.59 % or $0.08 from last year’s $0.29 per share. TSC’s profit will be $10.72 million for 17.97 P/E if the $0.37 EPS becomes a reality. After $0.36 actual earnings per share reported by Tristate Capital Holdings, Inc. for the previous quarter, Wall Street now forecasts 2.78 % EPS growth.

Tristate Capital Holdings, Inc. (NASDAQ:TSC) Ratings Coverage

Among 5 analysts covering Tristate Capital (NASDAQ:TSC), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Tristate Capital had 10 analyst reports since December 11, 2017 according to SRatingsIntel. The stock has “Buy” rating by Stephens on Friday, January 26. Maxim Group maintained it with “Buy” rating and $2800 target in Friday, April 20 report. Maxim Group maintained Tristate Capital Holdings, Inc. (NASDAQ:TSC) rating on Thursday, January 25. Maxim Group has “Buy” rating and $28.0 target. Keefe Bruyette & Woods maintained Tristate Capital Holdings, Inc. (NASDAQ:TSC) on Friday, March 16 with “Buy” rating. The rating was maintained by Keefe Bruyette & Woods on Monday, February 26 with “Buy”. The stock of Tristate Capital Holdings, Inc. (NASDAQ:TSC) earned “Buy” rating by Keefe Bruyette & Woods on Thursday, December 21. The firm earned “Hold” rating on Wednesday, January 10 by Robert W. Baird. The firm earned “Buy” rating on Thursday, April 19 by Keefe Bruyette & Woods. Robert W. Baird maintained it with “Hold” rating and $2700 target in Thursday, April 19 report.

More notable recent Tristate Capital Holdings, Inc. (NASDAQ:TSC) news were published by: Businesswire.com which released: “TriState Capital Reports Record First Quarter 2018 Financial Results” on April 18, 2018, also Bizjournals.com with their article: “Here’s why loans rose in 1Q at Pittsburgh banks” published on May 02, 2018, Globenewswire.com published: “Investor Expectations to Drive Momentum within Real Goods Solar, Graco, Hibbett Sports, NETGEAR, WD-40, and …” on April 30, 2018. More interesting news about Tristate Capital Holdings, Inc. (NASDAQ:TSC) were released by: Businesswire.com and their article: “TriState Capital Declares Quarterly Dividend on Perpetual Preferred Stock” published on April 30, 2018 as well as Businesswire.com‘s news article titled: “TriState Capital Closes Acquisition of Columbia Partners Assets” with publication date: May 04, 2018.

TriState Capital Holdings, Inc. operates as the bank holding firm for TriState Capital Bank that provides various commercial and private banking services to middle-market businesses and high-net-worth individuals in the United States. The company has market cap of $770.95 million. The firm operates in two divisions, Bank and Investment Management. It has a 20.15 P/E ratio. The Company’s deposit products include checking accounts, money market deposit accounts, and certificates of deposit, as well as promontoryÂ’s certificate of deposit account registry service and insured cash sweep services.

Tristate Capital Holdings, Inc. (NASDAQ:TSC) Institutional Positions Chart

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