Tristate Capital (TSC) Given Coverage Optimism Score of 0.24

Media coverage about Tristate Capital (NASDAQ:TSC) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tristate Capital earned a daily sentiment score of 0.24 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 46.4810126061007 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the headlines that may have impacted Accern Sentiment’s rankings:

Shares of Tristate Capital (TSC) opened at $24.05 on Thursday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.74. The stock has a market cap of $698.98, a PE ratio of 18.22, a PEG ratio of 1.50 and a beta of 0.33. Tristate Capital has a 1 year low of $20.30 and a 1 year high of $26.30.

Tristate Capital (NASDAQ:TSC) last announced its earnings results on Wednesday, January 24th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01. The firm had revenue of $36.94 million for the quarter, compared to analysts’ expectations of $37.32 million. Tristate Capital had a net margin of 20.96% and a return on equity of 9.69%. sell-side analysts anticipate that Tristate Capital will post 1.63 earnings per share for the current fiscal year.

Tristate Capital announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, January 24th that allows the company to buyback $5.00 million in outstanding shares. This buyback authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.

Several brokerages have commented on TSC. BidaskClub cut shares of Tristate Capital from a “hold” rating to a “sell” rating in a research note on Wednesday. Boenning Scattergood reiterated a “hold” rating on shares of Tristate Capital in a research note on Friday, January 26th. Zacks Investment Research upgraded shares of Tristate Capital from a “hold” rating to a “strong-buy” rating and set a $27.00 price target on the stock in a research note on Friday, January 12th. Finally, Raymond James Financial began coverage on shares of Tristate Capital in a research note on Monday, December 11th. They issued an “outperform” rating and a $28.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $28.33.

In other news, Director James J. Dolan sold 65,000 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $24.93, for a total transaction of $1,620,450.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James J. Dolan sold 12,000 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $24.32, for a total transaction of $291,840.00. The disclosure for this sale can be found here. 23.40% of the stock is currently owned by corporate insiders.

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Tristate Capital Company Profile

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.

Insider Buying and Selling by Quarter for Tristate Capital (NASDAQ:TSC)

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