Tristate Capital Holdings Inc (NASDAQ:TSC) Director Audrey Dunning acquired 1,000 shares of the company’s stock in a transaction on Friday, July 24th. The shares were acquired at an average cost of $13.73 per share, for a total transaction of $13,730.00. Following the completion of the acquisition, the director now owns 6,412 shares of the company’s stock, valued at $88,036.76. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of TSC opened at $13.07 on Friday. The business’s 50-day moving average price is $14.51 and its 200-day moving average price is $16.13. Tristate Capital Holdings Inc has a twelve month low of $7.59 and a twelve month high of $26.43. The stock has a market cap of $390.90 million, a PE ratio of 8.07 and a beta of 2.04. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.71.

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, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.10. Tristate Capital had a return on equity of 11.08% and a net margin of 17.89%. The firm had revenue of $46.48 million for the quarter, compared to analysts’ expectations of $48.93 million. Analysts expect that Tristate Capital Holdings Inc will post 1.06 earnings per share for the current fiscal year.

Several research firms have commented on TSC. BidaskClub downgraded shares of Tristate Capital from a “sell” rating to a “strong sell” rating in a report on Thursday. Wedbush began coverage on shares of Tristate Capital in a report on Thursday, June 18th. They set an “outperform” rating and a $20.00 price objective on the stock. Raymond James raised shares of Tristate Capital from an “outperform” rating to a “strong-buy” rating and upped their price objective 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, B. Riley dropped their price objective on shares of Tristate Capital from $26.00 to $20.00 and set a “buy” rating on the stock in a report on Monday, April 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $21.25.

Several hedge funds have recently bought and sold shares of the stock. M&T Bank Corp increased its position in shares of Tristate Capital by 27.5% in the second quarter. M&T Bank Corp now owns 26,416 shares of the financial services provider’s stock worth $415,000 after purchasing an additional 5,703 shares during the last quarter. Skylands Capital LLC increased its position in shares of Tristate Capital by 40.2% in the second quarter. Skylands Capital LLC now owns 169,800 shares of the financial services provider’s stock worth $2,668,000 after purchasing an additional 48,725 shares during the last quarter. Emerald Mutual Fund Advisers Trust increased its position in shares of Tristate Capital by 101.5% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 240,975 shares of the financial services provider’s stock worth $3,786,000 after purchasing an additional 121,360 shares during the last quarter. Denali Advisors LLC bought a new position in shares of Tristate Capital in the second quarter worth approximately $58,000. Finally, Mesirow Financial Investment Management Inc. increased its position in shares of Tristate Capital by 4.0% in the second quarter. Mesirow Financial Investment Management Inc. now owns 29,380 shares of the financial services provider’s stock worth $462,000 after purchasing an additional 1,123 shares during the last quarter. Institutional investors own 74.39% of the company’s stock.

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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