Tristate Capital Holdings Inc (NASDAQ:TSC) CFO David J. Demas purchased 1,100 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was bought at an average cost of $23.60 per share, for a total transaction of $25,960.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of Tristate Capital Holdings Inc (NASDAQ TSC) traded down $0.20 during midday trading on Thursday, hitting $22.70. The company had a trading volume of 43,233 shares, compared to its average volume of 103,632. The company has a market cap of $661.82, a P/E ratio of 17.27, a price-to-earnings-growth ratio of 1.45 and a beta of 0.35. Tristate Capital Holdings Inc has a 1-year low of $20.30 and a 1-year high of $26.30. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.74.
Tristate Capital (NASDAQ:TSC) last announced its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.01. The business 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 9.69% and a net margin of 20.96%. equities research analysts forecast that Tristate Capital Holdings Inc will post 1.59 earnings per share for the current year.
Several analysts recently issued reports on the company. Zacks Investment Research downgraded Tristate Capital from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. BidaskClub downgraded Tristate Capital from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. Boenning Scattergood reissued a “hold” rating on shares of Tristate Capital in a report on Friday, January 26th. Finally, Raymond James Financial assumed coverage on Tristate Capital in a report on Monday, December 11th. They issued an “outperform” rating and a $28.00 price target on the stock. One equities 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. Tristate Capital currently has an average rating of “Hold” and an average price target of $28.33.
Institutional investors have recently made changes to their positions in the business. Vident Investment Advisory LLC bought a new stake in Tristate Capital during the 3rd quarter valued at $267,000. Cortina Asset Management LLC raised its stake in Tristate Capital by 76.3% during the 3rd quarter. Cortina Asset Management LLC now owns 299,844 shares of the financial services provider’s stock valued at $6,866,000 after acquiring an additional 129,790 shares in the last quarter. Northpointe Capital LLC raised its stake in Tristate Capital by 58.3% during the 3rd quarter. Northpointe Capital LLC now owns 802,392 shares of the financial services provider’s stock valued at $18,375,000 after acquiring an additional 295,461 shares in the last quarter. Vanguard Group Inc. raised its stake in Tristate Capital by 7.8% during the 2nd quarter. Vanguard Group Inc. now owns 951,859 shares of the financial services provider’s stock valued at $23,987,000 after acquiring an additional 69,071 shares in the last quarter. Finally, Castine Capital Management LLC raised its stake in Tristate Capital by 9.7% during the 3rd quarter. Castine Capital Management LLC now owns 235,789 shares of the financial services provider’s stock valued at $5,399,000 after acquiring an additional 20,835 shares in the last quarter. 59.77% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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