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.

Tristate Capital declared that its Board of Directors has initiated a share buyback plan on Wednesday, January 24th that authorizes the company to buyback $5.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

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.

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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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