The stock of TriState Capital Holdings Inc. (NASDAQ:TSC) decreased by remained unchanged at $30.92, down -0.26 percent. The last five days have seen an average of 2,639,380 shares of common stock traded. 22 times new highs were reached in the current year, with a gain of $13.52. The average number of shares traded over the last 20 days was 711,085, while the average volume over the last 50 days totaled 330,122.
TSC stock appreciated 56.16% since last month. On 09/23/21, the company’s shares reached a one-month low of $19.39. The stock touched a high of $31.19 on 10/21/21, after rallying from a low of $12.09 in 52 weeks. The price of TSC stock has risen by 77.70% or $13.52 this year, reaching a new high 22 times. Still, the stock price is down -0.87% from the 52-week high.
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There have been 140 days since TriState Capital Holdings Inc. (TSC) last reported insider trading activity on Jun 07. On Jun 07, CEO, TSC Bank, Director TSC Fetterolf Brian S acquired 900 shares at $22.98 each. This transaction resulted in the insider spending $20,682. On May 20, Fetterolf Brian S added 925 shares at a price of US$21.64. After the transaction, the insider now owns 88,264 shares. Director Dewhurst E.H. had earlier sold 1,000 shares on May 11 for $23.25 a share. The transaction was completed for $23,250.
TriState Capital Holdings Inc. (TSC) has a trailing price-to-earnings (P/E) ratio of 17.27. This level actually compares unfavorably with the industry at large, as the PE for the Banks – Regional industry stands at about 13.46. Further, its PE also compares unfavorably with the Financial sector’s trailing 12 months PE ratio, which comes in at 13.15 right now. The PE ratio of TriState Capital Holdings Inc. has varied between 24.07 and 4.243 in the last five years. Beta for the stock is 2.20. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 4.71, the price-to-book (PB) ratio of 1.57, and the price-to-cash flow ratio of 12.05.
The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.16, and the total debt to equity ratio is 0.16. TriState Capital Holdings Inc.’s operating margin stood at 64.80% for the same period. Based on annual data, it had gross profit of $137.94 million and revenue of $217.09 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. TSC’s return on assets (ROA) during the last 12 months has been 0.40%. There was a 22.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 6.80%. ROE has averaged 11.10 in the past year for the broader industry.
According to TriState Capital Holdings Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that TriState Capital Holdings Inc.’s quarterly earnings would be $0.41, but it ended up being $0.36, beating the consensus by 13.90%. At the end of TriState Capital Holdings Inc.’s most recent quarter ended June 29, its total debt was $476.94 million. Equity owned by shareholders amounts to $33.16 million.
Here’s a quick look at TriState Capital Holdings Inc.’s (TSC) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 93.61%, suggesting the stock is Overbought, with a 150.39% historical volatility rate.
The stochastic %K and %D were 97.87% and 84.72% respectively, while the average true range (ATR) was 1.43. Based on the 14-day stochastic reading of 97.32%, the RSI (14) reading is 89.39%. On the 9-day MACD Oscillator, the stock is at 4.30, and the 14-day reading is at 5.11.
TriState Capital Holdings Inc. (NASDAQ: TSC) was downgraded by B. Riley Securities to a a Neutral rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned TriState Capital Holdings Inc. (TSC) an Overweight rating. TSC is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 2 others recommend it as a buy.
What is TSC’s price target for the next 12 months?
The current consensus forecast for the stock is between $27.00 and $33.00, with a median target price of $31.00. In analyzing these forecasts, the average price target given by analysts for TriState Capital Holdings Inc. (TSC) is $30.20.