Tristate Capital Holdings Inc (NASDAQ:TSC) CEO Brian S. Fetterolf purchased 2,000 shares of the stock in a transaction that occurred on Tuesday, July 28th. The stock was bought at an average cost of $12.92 per share, with a total value of $25,840.00. Following the acquisition, the chief executive officer now owns 213,325 shares of the company’s stock, valued at $2,756,159. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

TSC opened at $13.25 on Friday. The company has a fifty day moving average price of $14.44 and a two-hundred day moving average price of $16.07. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.99 and a current ratio of 0.99. Tristate Capital Holdings Inc has a 52 week low of $7.59 and a 52 week high of $26.43. The firm has a market capitalization of $395.38 million, a PE ratio of 8.18 and a beta of 2.04.

Tristate Capital (NASDAQ:TSC) last announced its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.10. The company had revenue of $46.48 million for the quarter, compared to analysts’ expectations of $48.93 million. Tristate Capital had a net margin of 17.89% and a return on equity of 11.08%. Equities analysts forecast that Tristate Capital Holdings Inc will post 1.06 EPS for the current year.

A number of analysts recently weighed in on the stock. B. Riley lowered their price target on shares of Tristate Capital from $26.00 to $20.00 and set a “buy” rating for the company in a report on Monday, April 13th. BidaskClub lowered shares of Tristate Capital from a “sell” rating to a “strong sell” rating in a report on Thursday. Raymond James raised shares of Tristate Capital from an “outperform” rating to a “strong-buy” rating and raised their price target for the company from $15.00 to $20.00 in a report on Wednesday, June 17th. Zacks Investment Research raised shares of Tristate Capital from a “sell” rating to a “hold” rating in a report on Saturday, July 4th. Finally, Wedbush initiated coverage on shares of Tristate Capital in a report on Thursday, June 18th. They set an “outperform” rating and a $20.00 target price for the company. One analyst has rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $21.25.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its position in shares of Tristate Capital by 56.4% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,737 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 987 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Tristate Capital by 13.9% during the first quarter. Geode Capital Management LLC now owns 385,565 shares of the financial services provider’s stock worth $3,728,000 after purchasing an additional 46,954 shares in the last quarter. Sowell Financial Services LLC bought a new position in shares of Tristate Capital during the first quarter worth $35,000. State Street Corp boosted its position in shares of Tristate Capital by 4.2% during the first quarter. State Street Corp now owns 631,767 shares of the financial services provider’s stock worth $6,109,000 after purchasing an additional 25,613 shares in the last quarter. Finally, Deutsche Bank AG boosted its position in shares of Tristate Capital by 2.4% during the first quarter. Deutsche Bank AG now owns 217,208 shares of the financial services provider’s stock worth $2,100,000 after purchasing an additional 5,187 shares in the last quarter. 74.39% of the stock is currently owned by institutional investors.

Tristate Capital Company Profile

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. It operates in two segments, Bank and Investment Management. The company's deposit products include checking accounts, money market deposit accounts, and certificates of deposit, as well as promontory's certificate of deposit account registry services and insured cash sweep services.

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

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