Earnings from TriState Capital Holdings Inc. [TSC] are scheduled on April 21, 2021, after the market closes. It is expected that the company will report weak earnings for the quarter ending Mar 2021.
TSC Stock Earnings Outlook For The Current Quarter
The consensus estimates for the quarter suggest that the company would earn $0.31 per share on revenue of $51.71M. Taking a look at the future, the company is projected to report revenue of $54.18M at an earnings per share of $0.33 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 17.60% in revenue and 39.25% in earnings per share for the company.
TSC Stock Earnings Forecast For The Current Year
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For the full financial year, TriState Capital Holdings Inc. [NASDAQ:TSC] is forecasted to generate revenue of $222.64M. The figure is about $27.49 million above what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $1.36 in 2021, which is $0.06 higher than the figure in FY20. Based on current estimates, earnings are expected to grow 4.60% this year, 39.70% next year, and 12.00% annually over the next five years. With regard to sales, forecasts suggest an incline of 14.10% in current fiscal year and 17.60% over following year.
TSC Stock Price Performance
At recent check today, TriState Capital Holdings Inc. [NASDAQ:TSC] finished up 0.46% at $23.01. The stock’s day high price was $23.99, and its lowest was $22.77. Its price fall -1.42% in the last five days. Since the beginning of the year, TriState Capital Holdings Inc.’s shares are up nearly 31.67%. However, the share price is -12.89% below its one year high. The top price reached by the shares of the company was $26.42 on 03/12/21, while the 52-week low came on 01/04/21, when the shares were $16.85. In the past year, shares of the company have risen 120.50%. At 50 days, the moving average achieved is $23.94 while at 200 days, the moving average is $17.50. There were 33489.0 shares traded in the last session, down from 67500.0 in the previous session.
TriState Capital Holdings Inc. [NASDAQ:TSC] Stock Valuation Metrics
With a prevailing 12-month PE ratio of 17.64, TriState Capital Holdings Inc. [TSC] does not qualify as a good candidate for the list of underestimated low-priced stocks that should be purchased sooner rather than later. By this measure, the company’s stock is trading at a premium to the industry average of 13.12 times trailing earnings. Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 3.48 PS value ratio is reported for the last one year of reported earnings. This is above the average return 2.71 for the industry, which means TSC offers an unattractive investment opportunity than its competitors do.
TSC Share Price Support And Resistance Levels
Based on the daily chart, the immediate backing lies around the 23.02 level, and the violation of this level will cause a further drop to 22.46 level. At the upper end, 24.90 remains a key resistance. As the stock increases, it may find resistance at 24.44. In the 14-day chart, the Relative Strength Index standing at 43.76 suggests a technical neutral stance while the MACD standing at -0.22 indicates price will decrease in the next trading period. Stochastic %K at 43.51% suggests holding the stock while Percent R indicator at 65.84% suggests low price movement.
How much is the short interest in TriState Capital Holdings Inc.?
There have been a drop in short interest in the TriState Capital Holdings Inc. Financial stock, with short interest down by 83110.0 shares to 0.61 million shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 0.53 million shares. This 13.58% increase suggests some bearish sentiment was experienced by the stock. Shorted shares accounted for just 1.73% of the overall float in the stock, while the stock’s days to cover moved to 3.8.
How do analysts view TriState Capital Holdings Inc.?
In regard to the share price forecast for TriState Capital Holdings Inc. stock, the analysts, as surveyed by FactSet, forecast the price to reach $26.00 in the next twelve months, representing almost an 11.5% growth from its recent price of $23.01. Among TriState Capital Holdings Inc. stock projections, $31.00 is the highest analyst target for the stock, while $21.00 is the lowest. Despite this, 6 analysts who share their consensus rating for TSC in 2021 agree that the stock is an Overweight. The latest rating change took place on 4/07/21, when Raymond James Ratings launched coverage of the stock at “Strong Buy” and assigned a price target of $29.0.