Tristate Capital Holdings Inc (NASDAQ:TSC) insider Brian S. Fetterolf bought 4,000 shares of the business’s stock in a transaction on Thursday, March 15th. The shares were acquired at an average price of $25.00 per share, for a total transaction of $100,000.00. Following the completion of the purchase, the insider now owns 4,000 shares in the company, valued at approximately $100,000. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Tristate Capital stock opened at $23.65 on Thursday. The stock has a market capitalization of $686.65, a price-to-earnings ratio of 19.15, a PEG ratio of 1.54 and a beta of 0.42. Tristate Capital Holdings Inc has a 52 week low of $20.30 and a 52 week high of $26.30. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.86.

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Tristate Capital (NASDAQ:TSC) last released its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.01. The firm had revenue of $36.94 million for the quarter, compared to the consensus estimate of $37.32 million. Tristate Capital had a return on equity of 9.56% and a net margin of 20.96%. research analysts predict that Tristate Capital Holdings Inc will post 1.54 earnings per share for the current year.

Tristate Capital declared that its board has initiated a share buyback program on Wednesday, January 24th that permits the company to repurchase $5.00 million in outstanding shares. This repurchase authorization permits the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

Several hedge funds have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised its holdings in Tristate Capital by 3.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,057 shares of the financial services provider’s stock worth $454,000 after purchasing an additional 596 shares during the period. California Public Employees Retirement System raised its holdings in Tristate Capital by 4.9% in the 2nd quarter. California Public Employees Retirement System now owns 19,300 shares of the financial services provider’s stock worth $486,000 after purchasing an additional 900 shares during the period. Deutsche Bank AG raised its holdings in Tristate Capital by 0.6% in the 4th quarter. Deutsche Bank AG now owns 393,679 shares of the financial services provider’s stock worth $9,051,000 after purchasing an additional 2,470 shares during the period. Citadel Advisors LLC raised its holdings in Tristate Capital by 38.2% in the 4th quarter. Citadel Advisors LLC now owns 15,422 shares of the financial services provider’s stock worth $355,000 after purchasing an additional 4,265 shares during the period. Finally, Russell Investments Group Ltd. raised its holdings in Tristate Capital by 12.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 38,284 shares of the financial services provider’s stock worth $877,000 after purchasing an additional 4,383 shares during the period. Hedge funds and other institutional investors own 58.71% of the company’s stock.

TSC has been the topic of several recent analyst reports. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $32.00 target price on shares of Tristate Capital in a research note on Tuesday, February 27th. Zacks Investment Research downgraded Tristate Capital from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Boenning Scattergood restated a “hold” rating on shares of Tristate Capital in a research note on Friday, January 26th. BidaskClub upgraded Tristate Capital from a “sell” rating to a “hold” rating in a research note on Saturday, January 13th. Finally, Raymond James Financial started coverage on Tristate Capital in a research note on Monday, December 11th. They issued an “outperform” rating and a $28.00 price target on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. Tristate Capital has a consensus rating of “Hold” and a consensus price target of $29.00.

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About Tristate Capital

TriState Capital Holdings, Inc is a bank holding company. The Company’s subsidiaries include TriState Capital Bank (the Bank), a Pennsylvania chartered bank; Chartwell Investment Partners, LLC (Chartwell), an investment advisor, and Chartwell TSC Securities Corp. (CTSC Securities). The Company operates through two segments: Bank and Investment Management.

Insider Buying and Selling by Quarter for Tristate Capital (NASDAQ:TSC)

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