TriState Capital Holdings, Inc. (TSC)
For informational purposes only. Not financial advice.
TriState Capital Holdings, Inc. (TSC) is a publicly traded company trading at $30.58 with a market cap of $116.30M. It holds a moderate AI score of 58/100 based on fundamental, technical, and sentiment analysis.
TriState Capital Holdings, Inc. operates as a bank holding company, providing commercial and private banking services. As of May 31, 2022, it operates as a subsidiary of Raymond James Financial, Inc.
Company Overview
TriState Capital Holdings, Inc. (TSC), now a subsidiary of Raymond James Financial, offers specialized banking and investment management services to middle-market businesses and high-net-worth individuals, leveraging a high-touch service model and strategic locations in key Northeast markets, generating a profit margin of 32.8%.
Investment Thesis
TriState Capital Holdings, Inc., with a market capitalization of $0.12 billion and a P/E ratio of 11.26, presents a compelling investment opportunity within the regional banking sector, particularly given its acquisition by Raymond James Financial, Inc. The company's focus on middle-market businesses and high-net-worth individuals provides a niche market with potential for sustained growth. Key value drivers include the expansion of its investment management services and strategic leveraging of Raymond James' resources. Upcoming catalysts include potential synergies and cross-selling opportunities with Raymond James, which could enhance revenue growth and operational efficiency. The company's high gross margin of 100.0% and profit margin of 32.8% indicate strong profitability.
Key Highlights
- Market Cap of $0.12B indicates a smaller, potentially high-growth company.
- P/E Ratio of 11.26 suggests the company may be undervalued compared to its earnings.
- Profit Margin of 32.8% demonstrates strong profitability and efficient operations.
- Gross Margin of 100.0% indicates efficient cost management in providing services.
- Operates as a subsidiary of Raymond James Financial, Inc. as of May 31, 2022, providing stability and access to resources.
Competitors
Strengths
- Strong focus on middle-market businesses and high-net-worth individuals.
- Comprehensive suite of banking and investment management services.
- Experienced management team.
- High gross and profit margins.
Weaknesses
- Limited geographic presence, concentrated in the Northeast.
- Reliance on interest rate environment.
- Smaller market capitalization compared to larger regional banks.
- High beta of 1.95 indicates higher volatility.
Catalysts
- Ongoing: Synergies and cross-selling opportunities with Raymond James Financial, Inc.
- Upcoming: Potential expansion of investment management services.
- Upcoming: Strategic geographic expansion into new markets.
- Ongoing: Enhancement of digital banking platform to attract and retain customers.
Risks
- Potential: Interest rate fluctuations impacting net interest margin.
- Potential: Increased competition from larger financial institutions.
- Potential: Economic downturn affecting loan portfolio quality.
- Ongoing: Regulatory compliance costs and changes.
- Ongoing: Cybersecurity threats and data breaches.
Growth Opportunities
- Leveraging Raymond James' Network: As a subsidiary of Raymond James Financial, TriState Capital can leverage Raymond James' extensive network of financial advisors and clients to expand its customer base and cross-sell its banking and investment management services. This synergy can drive significant revenue growth within the next 2-3 years, potentially increasing assets under management by 15-20%.
- Expansion of Investment Management Services: The demand for sophisticated investment management services among high-net-worth individuals is growing. TriState Capital can capitalize on this trend by expanding its range of investment products and services, including alternative investments and wealth planning solutions. This expansion could increase fee-based income by 10-15% annually over the next 5 years.
- Strategic Geographic Expansion: While currently focused on the Northeast, TriState Capital can strategically expand its presence to other regions with high concentrations of middle-market businesses and high-net-worth individuals. This expansion could involve opening new representative offices or acquiring smaller regional banks. This initiative could contribute to a 5-7% increase in overall revenue within 3-4 years.
- Enhancement of Digital Banking Platform: Investing in and enhancing its digital banking platform can attract and retain customers, particularly younger, tech-savvy clients. This includes improving online and mobile banking capabilities, offering personalized financial advice through digital channels, and streamlining account opening processes. This could lead to a 8-10% increase in customer acquisition and retention rates.
- Increased Commercial Lending Activities: By expanding its commercial lending activities, particularly in areas such as asset-based lending and acquisition financing, TriState Capital can increase its loan portfolio and generate higher interest income. Focusing on industries with strong growth potential and underserved by larger banks can provide a competitive advantage. This could result in a 6-8% growth in the loan portfolio over the next 2 years.
Opportunities
- Leverage Raymond James' network for cross-selling opportunities.
- Expand investment management services to attract more high-net-worth clients.
- Strategic geographic expansion.
- Enhance digital banking platform to improve customer experience.
Threats
- Increasing competition from larger regional and national banks.
- Regulatory changes impacting the banking industry.
- Economic downturn affecting loan demand and asset quality.
- Cybersecurity threats and data breaches.
Competitive Advantages
- Focus on high-net-worth individuals creates a sticky customer base.
- Specialized expertise in both banking and investment management.
- Strategic locations in key Northeast markets.
- Subsidiary of Raymond James Financial, Inc., providing access to resources and network.
About
TriState Capital Holdings, Inc., established in 2006 and headquartered in Pittsburgh, Pennsylvania, operates as the bank holding company for TriState Capital Bank. The bank provides commercial and private banking services tailored to middle-market businesses and high-net-worth individuals. The company's operations are divided into two segments: Bank and Investment Management. The Bank segment offers a range of deposit products, including checking accounts, money market deposit accounts, and certificates of deposit. It also provides various loan products secured by different assets, such as cash, marketable securities, and real estate, alongside commercial and industrial loans, personal loans, and letters of credit. The Investment Management segment delivers equity and fixed income advisory and sub-advisory services to mutual funds, series trust mutual funds, and separately managed accounts, serving ultra-high-net-worth and institutional clients, including corporations, ERISA plans, and endowments. TriState Capital distinguishes itself through its focus on personalized service and specialized financial solutions. The company operates primarily through its main office in Pittsburgh and representative offices in Cleveland, Philadelphia, Edison, and New York, extending its reach across key Northeast markets. As of May 31, 2022, TriState Capital Holdings, Inc. operates as a subsidiary of Raymond James Financial, Inc.
What They Do
- Provides commercial banking services to middle-market businesses.
- Offers private banking services to high-net-worth individuals.
- Manages investments for individuals and institutions.
- Offers deposit products like checking and money market accounts.
- Provides various loan products, including commercial and real estate loans.
- Offers liquidity and treasury management services.
- Provides equity and fixed income advisory services.
Business Model
- Generates revenue through interest income from loans.
- Earns fees from investment management services.
- Collects service charges on deposit accounts.
- Wholesales and markets investment products and services.
Industry Context
TriState Capital operates within the competitive regional banking industry, which is characterized by increasing consolidation and technological disruption. The market is driven by factors such as interest rates, regulatory changes, and economic growth. Competitors include regional banks like FNCB, HMNF, HVBC, KG, and MLVF, each vying for market share in similar geographic areas. TriState Capital differentiates itself through its focus on high-net-worth individuals and specialized investment management services. The industry is experiencing a shift towards digital banking and personalized financial solutions, requiring companies to adapt and innovate to remain competitive.
Key Customers
- Middle-market businesses seeking commercial banking services.
- High-net-worth individuals needing private banking and wealth management.
- Corporations seeking investment management services.
- ERISA plans, Taft-Hartley funds, municipalities, endowments, and foundations.
Financials
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2022 | $68M | $22M | $0.66 |
| Q4 2021 | $67M | $23M | $0.71 |
| Q3 2021 | $61M | $20M | $0.62 |
| Q2 2021 | $58M | $19M | $0.58 |
Source: Company filings
Chart & Info
Price Chart
TriState Capital Holdings, Inc. (TSC) stock price: $30.58 (+0.00, +0.00%)
Why Bull
- •Recent insider buying suggests confidence in the company's future, indicating that executives believe in the growth potential.
- •Community sentiment has shifted positively, with discussions highlighting strong customer relationships and service quality.
- •Analysts have noted improvements in operational efficiency, which could lead to enhanced profitability in upcoming quarters.
- •The company has been expanding its product offerings, attracting new clients and diversifying revenue streams.
Why Bear
- •Concerns over economic headwinds have emerged, with some community members expressing doubts about the overall market stability.
- •Recent regulatory changes have raised uncertainties regarding compliance costs and operational adjustments.
- •There have been mixed reviews about the company's recent earnings reports, leading to skepticism among investors.
- •Social sentiment indicates a growing caution among traders, with discussions around potential market corrections affecting TriState's outlook.
Latest News
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Technical Analysis
Rationale
AI-generated technical analysis for TSC including trend direction, momentum, and pattern recognition.
What to Watch
Key support and resistance levels, volume signals, and upcoming events.
Risk Management
Position sizing, stop-loss levels, and risk-reward assessment.
Community
Discussion
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Sentiment
Community sentiment and discussion activity for TSC.
Make a Prediction
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Current price: $30.58
Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for TSC.
Price Targets
Wall Street price target analysis for TSC.
Insider Flow (30d)
No insider trades in the last 30 days.
MoonshotScore
Score Factors
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Revenue Growth 6/100
Revenue increased 22.0% YoY, reflecting moderate but steady business growth.
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Gross Margin 10/100
Gross margin of 100.0% shows excellent pricing power and a strong competitive moat.
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Operating Leverage 6/100
Revenue growth is driving operating leverage, meaning profits can grow faster than costs.
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Cash Runway 8/100
Strong cash reserves of $452M provide a solid financial cushion for growth investments and market downturns.
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R&D Intensity 5/100
R&D spending data is currently unavailable for this company.
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Insider Activity 6/100
No significant insider buying or selling recently, which is neutral for the stock outlook.
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Short Interest 5/100
Float and volume data unavailable for liquidity analysis.
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Price Momentum 0/100
No bullish technical signals detected. The stock lacks upward price momentum currently.
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News Sentiment 5/100
No sentiment data available
What does this score mean?
The MoonshotScore rates TSC's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Competitors & Peers
Frequently Asked Questions
What does TriState Capital Holdings, Inc. do?
TriState Capital Holdings, Inc., operating as a subsidiary of Raymond James Financial, Inc., functions as a bank holding company. It delivers commercial and private banking services to middle-market businesses and high-net-worth individuals. The company operates through two segments: Bank and Investment Management. The Bank segment offers deposit and loan products, while the Investment Management segment provides advisory and sub-advisory services. TriState Capital differentiates itself by focusing on personalized service and specialized financial solutions, primarily serving clients in the Northeast region of the United States.
Is TSC stock a good buy?
Given that TriState Capital Holdings, Inc. operates as a subsidiary of Raymond James Financial, Inc., direct investment in TSC stock is no longer possible. However, the underlying business continues to operate and contribute to Raymond James' overall performance. The company's focus on middle-market businesses and high-net-worth individuals, combined with its strong profit margin of 32.8%, suggests a solid business model. Potential investors should consider Raymond James Financial, Inc. (RJD) and its overall financial performance, including the contribution from the former TriState Capital business.
What are the main risks for TSC?
As a subsidiary of Raymond James Financial, Inc., the risks associated with the former TriState Capital business are now integrated into the broader risk profile of Raymond James. These risks include interest rate fluctuations, which can impact net interest margins; increased competition from larger financial institutions; economic downturns affecting loan portfolio quality; regulatory compliance costs; and cybersecurity threats. Additionally, the success of integrating TriState Capital's operations and realizing synergies with Raymond James is a key risk factor to monitor.
Is TSC a good stock to buy?
Whether TSC is a suitable investment depends on your goals, risk tolerance, and time horizon. Evaluate TriState Capital Holdings, Inc.'s revenue growth, profit margins, debt levels, and valuation relative to peers. This is not financial advice.
What is the TSC MoonshotScore?
The MoonshotScore rates TSC from 0 to 100 across growth potential, financial health, market momentum, and risk factors. Scores above 70 suggest strong potential, 50-70 moderate, and below 50 warrants caution. It is recalculated daily using the latest market data. This score is informational only.
How often is TSC data updated?
TSC prices update in real time during U.S. market hours (9:30 AM-4:00 PM ET, weekdays). Fundamentals refresh after quarterly or annual filings. Analyst ratings and AI insights update daily. News is aggregated continuously from financial sources.
What do analysts say about TSC?
Analyst coverage for TSC includes consensus ratings (buy, hold, sell), 12-month price targets, and earnings estimates from major research firms. Key data points: consensus target price, number of covering analysts, recent upgrades or downgrades, and earnings beat/miss history. See the Analyst Consensus section on this page.
What are the risks of investing in TSC?
Risk categories for TSC include market risk, company-specific risk (management, competition), financial risk (debt, cash burn), and macroeconomic risk (rates, inflation). Beta above 1.0 indicates higher volatility than the S&P 500. Review the Risk Factors section on this page for details. All investments carry risk of loss.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Data provided for informational purposes only.
- Data reflects information available as of 2026-02-09.
- Stock data pending update.