TriState Capital Holdings, Inc. (NASDAQ:TSC) is reporting second quarter financial results on Wednesday 22nd July 2020, after market close.
According to analysts surveyed by Thomson Reuters, TSC is expected to report 2Q20 income of $ 0.21 per share from revenue of $ 48.26 million.
For the full year, analysts anticipate top line of $ 195.94 million, while looking forward to income of $ 1.08 per share bottom line.
Previous Quarter Performance
TriState Capital Holdings, Inc. unfold income for the first quarter of $ 0.38 per share, from the revenue of $ 48.24 million. The quarterly earnings contracted 20.83 percent while revenues grew 11.05 percent compared with the same quarter last year.
According to street consensus, TSC was expected to report 1Q20 income of $ 0.27 per share from revenue of $ 45.68 million. The bottom line results beat street analysts by $ 0.11 or 40.74 percent, at the same time, top line results outshined analysts by $ 2.56 million or 5.60 percent.
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of TriState Capital Holdings, Inc.
Stock Performance
According to the previous trading day, closing price of TSC was $ 14.83, representing a 95.39 % increase from the 52 week low of $ 7.59 and a 43.89 % decrease over the 52 week high of $ 26.43.
The company has a market capital of $ 442.55 million and is part of the Financial Services sector and Banks – Regional – US industry.
[stock_market_widget type=”chart” template=”basic” color=”orange” assets=”TSC” range=”1y” interval=”1mo” axes=”true” cursor=”true” api=”yf” style=”height: 400px;”]
Recent Analyst recommendations
On 19th June 2020, initiated by Wedbush at Outperform rating, with $ 20.00 target price.
TriState Capital Holdings, Inc. operates as the bank holding company for TriState Capital Bank that provides various commercial and private banking services to middle-market businesses and high-net-worth individuals in the United States. It operates in two segments, Bank and Investment Management.
