Tristate Capital Holdings Inc (NASDAQ:TSC) insider Brian S. Fetterolf purchased 1,050 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was bought at an average cost of $22.90 per share, with a total value of $24,045.00. Following the acquisition, the insider now owns 123,549 shares of the company’s stock, valued at approximately $2,829,272.10. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Tristate Capital Holdings Inc (NASDAQ TSC) opened at $22.35 on Thursday. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.86. Tristate Capital Holdings Inc has a fifty-two week low of $20.30 and a fifty-two week high of $26.30. The stock has a market cap of $656.29, a price-to-earnings ratio of 16.93, a P/E/G ratio of 1.42 and a beta of 0.35.
Tristate Capital (NASDAQ:TSC) last issued its earnings results on Wednesday, January 24th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.01. Tristate Capital had a net margin of 20.96% and a return on equity of 9.56%. The firm had revenue of $36.94 million during the quarter, compared to analysts’ expectations of $37.32 million. analysts forecast that Tristate Capital Holdings Inc will post 1.59 EPS for the current year.
A number of research analysts have issued reports on the stock. Boenning Scattergood reaffirmed a “hold” rating on shares of Tristate Capital in a report on Friday, January 26th. BidaskClub cut shares of Tristate Capital from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. Zacks Investment Research cut shares of Tristate Capital from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Raymond James Financial began coverage on shares of Tristate Capital in a report on Monday, December 11th. They set an “outperform” rating and a $28.00 target price for the company. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $32.00 target price on shares of Tristate Capital in a report on Tuesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $29.00.
Several institutional investors have recently modified their holdings of the stock. MetLife Investment Advisors LLC purchased a new position in shares of Tristate Capital during the fourth quarter worth $263,000. 1492 Capital Management LLC raised its holdings in shares of Tristate Capital by 137.4% during the fourth quarter. 1492 Capital Management LLC now owns 94,104 shares of the financial services provider’s stock worth $2,164,000 after purchasing an additional 54,462 shares during the last quarter. Cornerstone Capital Management Holdings LLC. purchased a new position in shares of Tristate Capital during the fourth quarter worth $319,000. Deutsche Bank AG grew its position in Tristate Capital by 0.6% during the fourth quarter. Deutsche Bank AG now owns 393,679 shares of the financial services provider’s stock valued at $9,051,000 after buying an additional 2,470 shares during the period. Finally, Clearbridge LLC grew its position in Tristate Capital by 10.5% during the fourth quarter. Clearbridge LLC now owns 528,880 shares of the financial services provider’s stock valued at $12,164,000 after buying an additional 50,370 shares during the period. 59.01% of the stock is owned by hedge funds and other institutional investors.
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.
Receive News & Ratings for Tristate Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tristate Capital and related companies with MarketBeat.com's FREE daily email newsletter.