Insider Buying: Tristate Capital Holdings Inc (TSC) CFO Acquires 1,100 Shares of Stock

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.

Tristate Capital announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, January 24th that allows the company to buyback $5.00 million in outstanding shares. This buyback authorization allows the financial services provider to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

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.

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

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