TriState Capital Holdings (TSC) Receiving Somewhat Positive News Coverage, Report Shows
Headlines about TriState Capital Holdings (NASDAQ:TSC) have been trending somewhat positive on Sunday, Accern reports. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. TriState Capital Holdings earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 45.951160311548 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern’s analysis:
- President, Bank Subsidiary of TriState Capital Holdings (NASDAQ:TSC), Fetterolf Brian S, buys 1,250 shares worth $28,009 (empowerednews.net)
- TriState Capital Holdings, Inc. (NASDAQ:TSC) Downgraded by BidaskClub to Strong Sell (americanbankingnews.com)
- Brian S. Fetterolf Purchases 3,250 Shares of TriState Capital Holdings, Inc. (TSC) Stock (americanbankingnews.com)
- TriState Capital Holdings, Inc. (TSC) Given Consensus Rating of “Hold” by Analysts (americanbankingnews.com)
Shares of TriState Capital Holdings (NASDAQ TSC) traded down 1.38% during mid-day trading on Friday, reaching $21.45. 130,878 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $23.89 and a 200-day moving average price of $23.76. TriState Capital Holdings has a 1-year low of $14.10 and a 1-year high of $26.30. The company has a market capitalization of $614.86 million, a P/E ratio of 19.34 and a beta of 0.28.
TriState Capital Holdings (NASDAQ:TSC) last issued its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.01. TriState Capital Holdings had a return on equity of 8.98% and a net margin of 19.80%. The business had revenue of $33.75 million for the quarter, compared to the consensus estimate of $35.27 million. On average, equities research analysts forecast that TriState Capital Holdings will post $1.19 earnings per share for the current fiscal year.
A number of analysts recently issued reports on TSC shares. ValuEngine raised shares of TriState Capital Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, July 20th. Stephens reissued a “buy” rating and set a $30.00 target price on shares of TriState Capital Holdings in a research report on Thursday, July 20th. Zacks Investment Research raised shares of TriState Capital Holdings from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research report on Tuesday, April 25th. Maxim Group increased their target price on shares of TriState Capital Holdings from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, April 21st. Finally, BidaskClub downgraded shares of TriState Capital Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. TriState Capital Holdings has an average rating of “Hold” and an average target price of $28.50.
In other TriState Capital Holdings news, CEO James F. Getz sold 15,000 shares of TriState Capital Holdings stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $25.00, for a total value of $375,000.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Chairman James F. Getz sold 20,000 shares of TriState Capital Holdings stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $25.06, for a total value of $501,200.00. The disclosure for this sale can be found here. 23.40% of the stock is currently owned by company insiders.
About TriState Capital Holdings
TriState Capital Holdings, Inc is a bank holding company. The Company’s subsidiaries include TriState Capital Bank (the Bank), a Pennsylvania chartered bank; Chartwell Investment Partners, LLC (Chartwell), an investment advisor, and Chartwell TSC Securities Corp. (CTSC Securities). The Company operates through two segments: Bank and Investment Management.
Receive News & Ratings for TriState Capital Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TriState Capital Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.