Insider Buying: Tristate Capital Holdings Inc (TSC) CFO Buys 1,100 Shares of Stock
Tristate Capital Holdings Inc (NASDAQ:TSC) CFO David J. Demas purchased 1,100 shares of the stock in a transaction dated Monday, February 5th. The stock was acquired at an average cost of $23.60 per share, with a total value of $25,960.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.
Tristate Capital Holdings Inc (TSC) opened at $22.85 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.06 and a current ratio of 1.06. Tristate Capital Holdings Inc has a 52 week low of $20.30 and a 52 week high of $26.30. The stock has a market cap of $638.94, a P/E ratio of 18.02, a price-to-earnings-growth ratio of 1.40 and a beta of 0.35.
Tristate Capital (NASDAQ:TSC) last issued its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.01. Tristate Capital had a net margin of 20.96% and a return on equity of 9.69%. The business had revenue of $36.94 million for the quarter, compared to analyst estimates of $37.32 million. equities research analysts expect that Tristate Capital Holdings Inc will post 1.59 earnings per share for the current fiscal year.
A number of equities research analysts recently commented on the stock. Boenning Scattergood reissued a “hold” rating on shares of Tristate Capital in a research report on Friday, January 26th. BidaskClub cut shares of Tristate Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. Zacks Investment Research cut shares of Tristate Capital from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Finally, Raymond James Financial assumed coverage on shares of Tristate Capital in a research report on Monday, December 11th. They set an “outperform” rating and a $28.00 target price for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. Tristate Capital presently has a consensus rating of “Hold” and an average price target of $28.33.
Institutional investors have recently modified their holdings of the business. Vident Investment Advisory LLC acquired a new position in Tristate Capital during the 3rd quarter valued at approximately $267,000. Cortina Asset Management LLC increased its stake in shares of Tristate Capital by 76.3% in the third quarter. Cortina Asset Management LLC now owns 299,844 shares of the financial services provider’s stock worth $6,866,000 after acquiring an additional 129,790 shares during the period. Northpointe Capital LLC increased its stake in shares of Tristate Capital by 58.3% in the third quarter. Northpointe Capital LLC now owns 802,392 shares of the financial services provider’s stock worth $18,375,000 after acquiring an additional 295,461 shares during the period. Vanguard Group Inc. increased its stake in shares of Tristate Capital by 7.8% in the second quarter. Vanguard Group Inc. now owns 951,859 shares of the financial services provider’s stock worth $23,987,000 after acquiring an additional 69,071 shares during the period. Finally, Castine Capital Management LLC increased its stake in shares of Tristate Capital by 9.7% in the third quarter. Castine Capital Management LLC now owns 235,789 shares of the financial services provider’s stock worth $5,399,000 after acquiring an additional 20,835 shares during the period. Institutional investors and hedge funds own 59.77% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Insider Buying: Tristate Capital Holdings Inc (TSC) CFO Buys 1,100 Shares of Stock” was originally reported by Watch List News and is the property of of Watch List News. If you are accessing this piece on another website, it was illegally copied and republished in violation of international copyright & trademark laws. The original version of this piece can be accessed at https://www.watchlistnews.com/insider-buying-tristate-capital-holdings-inc-tsc-cfo-buys-1100-shares-of-stock/1857426.html.
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.
Receive News & Ratings for Tristate Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tristate Capital and related companies with MarketBeat.com's FREE daily email newsletter.