Maxim Group analyst Michael Diana reiterated a Buy rating on Tristate Capital (NASDAQ: TSC) today and set a price target of $31. The company’s shares opened today at $25.94.
Diana noted:
“3Q18 EPS of $0.47 versus consensus of $0.46, driven by very strong growth in loans (up 4.5% linked-quarter) and deposits (up 7.1%), though a narrower net interest margin (down 16bps).”
According to TipRanks.com, Diana is a 4-star analyst with an average return of 5.0% and a 56.0% success rate. Diana covers the Financial sector, focusing on stocks such as First Savings Financial Group, Manhattan Bridge Capital Inc, and Arlington Asset Investment.
Tristate Capital has an analyst consensus of Moderate Buy, with a price target consensus of $31.75, implying a 22.4% upside from current levels. In a report released today, Stephens also maintained a Buy rating on the stock with a $32 price target.
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Tristate Capital’s market cap is currently $747.1M and has a P/E ratio of 16.03. The company has a Price to Book ratio of 1.80.
Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TSC in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
TriState Capital Holdings, Inc. is a bank holding company, which engages in the provision of commercial banking, private banking, and investment management services to middle-market companies, institutional clients. and high-net-worth individuals. It operates through Bank; and Investment Mangement segments.
