NasdaqGS:TSC

Stock Analysis Report

TriState Capital Holdings

Executive Summary

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.

Snowflake

Fundamentals

Flawless balance sheet and slightly overvalued.


Similar Companies

Share Price & News

How has TriState Capital Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

4.1%

NasdaqGS:TSC

3.4%

US Banks

1.1%

US Market


1 Year Return

-22.2%

NasdaqGS:TSC

-3.7%

US Banks

2.1%

US Market

TSC underperformed the Banks industry which returned -3.7% over the past year.

TSC underperformed the Market in United States of America which returned 2% over the past year.


Share holder returns

TSCIndustryMarket
7 Day4.1%3.4%1.1%
30 Day12.1%9.7%3.7%
90 Day4.0%5.1%2.3%
1 Year-22.2%-22.2%-1.0%-3.7%4.4%2.1%
3 Year44.4%44.4%56.1%45.4%47.0%37.4%
5 Year142.6%142.6%63.5%45.7%61.6%43.8%

Price Volatility Vs. Market

How volatile is TriState Capital Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is TriState Capital Holdings undervalued based on future cash flows and its price relative to the stock market?

4%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

TriState Capital Holdings's share price is below the future cash flow value, but not at a moderate discount (< 20%).

TriState Capital Holdings's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

TriState Capital Holdings is good value based on earnings compared to the US Banks industry average.

TriState Capital Holdings is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

TriState Capital Holdings is poor value based on expected growth next year.


Price Based on Value of Assets

TriState Capital Holdings is overvalued based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is TriState Capital Holdings expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

7.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

TriState Capital Holdings's revenue is expected to grow by 13.3% yearly, however this is not considered high growth (20% yearly).

TriState Capital Holdings's earnings are expected to grow by 7.8% yearly, however this is not considered high growth (20% yearly).

TriState Capital Holdings's revenue growth is expected to exceed the United States of America market average.

TriState Capital Holdings's earnings growth is positive but not above the United States of America market average.

TriState Capital Holdings's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

TriState Capital Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has TriState Capital Holdings performed over the past 5 years?

27.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

TriState Capital Holdings has delivered over 20% year on year earnings growth in the past 5 years.

TriState Capital Holdings's 1-year earnings growth is less than its 5-year average (19.9% vs 27.7%)

TriState Capital Holdings's earnings growth has not exceeded the US Banks industry average in the past year (19.9% vs 31.7%).


Return on Equity

TriState Capital Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

TriState Capital Holdings used its assets less efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if TriState Capital Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is TriState Capital Holdings's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Information is not available.

Information is not available.


Financial Institutions Analysis

TriState Capital Holdings has an acceptable proportion of non-loan assets held.

TriState Capital Holdings has a sufficient allowance for bad loans.

TriState Capital Holdings's liabilities are made up of primarily low risk sources of funding.

TriState Capital Holdings's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).

Loans at TriState Capital Holdings are broadly funded by customer deposits.

TriState Capital Holdings has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is TriState Capital Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate TriState Capital Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate TriState Capital Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as TriState Capital Holdings has not reported any payouts.

Unable to verify if TriState Capital Holdings's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as TriState Capital Holdings has not reported any payouts.


Future Payout to Shareholders

No need to calculate the sustainability of TriState Capital Holdings's dividends in 3 years as they are not expected to pay a notable one for United States of America.


Next Steps

Management

What is the CEO of TriState Capital Holdings's salary, the management and board of directors tenure and is there insider trading?

1.7yrs

Average management tenure


CEO

Jim Getz (72yo)

12.7yrs

Tenure

US$3,878,618

Compensation

Mr. James F. Getz, also known as Jim, co-founded Tristate Capital Holdings, Inc. in 2007 and has been its President and Chief Executive Officer since January 01, 2013 and January 2007 respectively. Mr. Get ...


CEO Compensation Analysis

Jim's remuneration is higher than average for companies of similar size in United States of America.

Jim's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

1.7yrs

Average Tenure

62.5yo

Average Age

The average tenure for the TriState Capital Holdings management team is less than 2 years, this suggests a new team.


Board Age and Tenure

13.2yrs

Average Tenure

71.5yo

Average Age

The average tenure for the TriState Capital Holdings board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

More shares have been bought than sold by TriState Capital Holdings individual insiders in the past 3 months.


Recent Insider Transactions

BuyUS$494,58803 Sep 19
James Getz
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares25,000
Max PriceUS$19.80
BuyUS$485,21328 Aug 19
James Getz
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares25,000
Max PriceUS$19.45
BuyUS$19,45022 Aug 19
David Demas
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares1,000
Max PriceUS$19.45
BuyUS$74,57409 Aug 19
Timothy Riddle
EntityIndividual
Role
Senior Key Executive
Executive Officer & CEO of Chartwell Investment Partners
Shares3,838
Max PriceUS$19.43
BuyUS$22,93409 Aug 19
Timothy Riddle
EntityIndividual
Role
Senior Key Executive
Executive Officer & CEO of Chartwell Investment Partners
Shares1,162
Max PriceUS$19.74
BuyUS$95,17530 Jul 19
David Bonvenuto
EntityIndividual
Shares4,500
Max PriceUS$21.15
BuyUS$98,85022 Jul 19
James Dolan
EntityIndividual
Role
Member of the Board of Directors
Director
Shares5,000
Max PriceUS$19.77
SellUS$282,23126 Feb 19
James Getz
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares12,500
Max PriceUS$22.70
SellUS$282,83122 Feb 19
James Getz
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares12,500
Max PriceUS$22.64
BuyUS$51,74305 Feb 19
Richard Seidel
EntityIndividual
Role
Member of the Board of Directors
Director
Shares2,500
Max PriceUS$20.70
BuyUS$10,62517 Dec 18
David Demas
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares500
Max PriceUS$21.25
BuyUS$195,80031 Oct 18
James Dolan
EntityIndividual
Role
Member of the Board of Directors
Director
Shares8,000
Max PriceUS$24.88
BuyUS$59,04323 Oct 18
Brian Fetterolf
EntityIndividual
Role
Member of the Board of Directors
VP & Director
Shares2,500
Max PriceUS$23.62
BuyUS$24,57922 Oct 18
David Demas
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares1,000
Max PriceUS$24.58
BuyUS$104,36122 Oct 18
Brian Fetterolf
EntityIndividual
Role
Member of the Board of Directors
VP & Director
Shares4,300
Max PriceUS$24.27

Ownership Breakdown


Management Team

  • Jim Getz (72yo)

    Chairman

    • Tenure: 12.7yrs
    • Compensation: US$3.88m
  • Bill Schenck (75yo)

    Vice Chairman of the Board

    • Tenure: 0yrs
    • Compensation: US$473.39k
  • Tim Riddle

    Executive Officer & CEO of Chartwell Investment Partners

    • Tenure: 0.6yrs
    • Compensation: US$693.50k
  • Tom Groneman

    Chief Credit Officer

    • Tenure: 0yrs
  • James Bauerle

    Secretary

    • Tenure: 0yrs
  • Brian Fetterolf (46yo)

    VP & Director

    • Tenure: 2.2yrs
    • Compensation: US$1.50m
  • David Demas (53yo)

    Chief Financial Officer

    • Tenure: 1.7yrs
    • Compensation: US$904.72k
  • James Hill

    Senior Vice President of Commercial Lending - New Jersey Regional Office

    • Tenure: 1.2yrs

Board Members

  • Jim Getz (72yo)

    Chairman

    • Tenure: 12.7yrs
    • Compensation: US$3.88m
  • John Yasinsky (80yo)

    Director

    • Tenure: 13.7yrs
    • Compensation: US$118.64k
  • Bill Schenck (75yo)

    Vice Chairman of the Board

    • Tenure: 0yrs
    • Compensation: US$473.39k
  • James Dolan (64yo)

    Director

    • Tenure: 13.7yrs
    • Compensation: US$127.14k
  • Gene Dewhurst (72yo)

    Director

    • Tenure: 13.7yrs
    • Compensation: US$124.64k
  • Richard Seidel (78yo)

    Director

    • Tenure: 12.7yrs
    • Compensation: US$114.14k
  • Mark Sullivan (71yo)

    Vice Chairman of the Board

    • Tenure: 0yrs
    • Compensation: US$1.37m
  • Helen Casey (70yo)

    Director

    • Tenure: 0yrs
    • Compensation: US$111.64k
  • Anthony Buzzelli (70yo)

    Lead Independent Director

    • Tenure: 0yrs
    • Compensation: US$126.64k
  • Brian Fetterolf (46yo)

    VP & Director

    • Tenure: 2.2yrs
    • Compensation: US$1.50m

Company Information

TriState Capital Holdings, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: TriState Capital Holdings, Inc.
  • Ticker: TSC
  • Exchange: NasdaqGS
  • Founded: 2006
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$648.100m
  • Shares outstanding: 29.33m
  • Website: https://www.tristatecapitalbank.com

Number of Employees


Location

  • TriState Capital Holdings, Inc.
  • One Oxford Centre
  • Suite 2700
  • Pittsburgh
  • Pennsylvania
  • 15219
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TSCNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDMay 2013
3ZSDB (Deutsche Boerse AG)YesCommon StockDEEURMay 2013
TSCA.PNasdaqGS (Nasdaq Global Select)DEP SHS 1/40 INTUSUSDMar 2018
TSCB.PNasdaqGS (Nasdaq Global Select)6.375 DEP REP BUSUSDMay 2019

Biography

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 i ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/17 00:30
End of Day Share Price2019/09/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.