Brian S. Fetterolf Purchases 1,200 Shares of Tristate Capital Holdings Inc (NASDAQ:TSC) Stock

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Tristate Capital Holdings Inc (NASDAQ:TSC) CEO Brian S. Fetterolf bought 1,200 shares of the stock in a transaction on Monday, September 14th. The shares were bought at an average cost of $15.23 per share, for a total transaction of $18,276.00. Following the purchase, the chief executive officer now owns 213,325 shares in the company, valued at approximately $3,248,939.75. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

NASDAQ:TSC opened at $15.00 on Wednesday. Tristate Capital Holdings Inc has a twelve month low of $7.59 and a twelve month high of $26.43. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.81. The company has a 50-day moving average of $14.05 and a 200-day moving average of $13.87. The firm has a market cap of $447.87 million, a price-to-earnings ratio of 9.26 and a beta of 1.97.

Tristate Capital (NASDAQ:TSC) last released its earnings results on Wednesday, July 22nd. The financial services provider reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.10. The business had revenue of $46.48 million for the quarter, compared to the consensus estimate of $48.93 million. Tristate Capital had a net margin of 17.89% and a return on equity of 10.97%. On average, research analysts forecast that Tristate Capital Holdings Inc will post 1.08 earnings per share for the current year.

TSC has been the topic of several research analyst reports. Raymond James reissued a “buy” rating on shares of Tristate Capital in a research note on Thursday, August 6th. BidaskClub raised shares of Tristate Capital from a “sell” rating to a “hold” rating in a research note on Friday, September 11th. B. Riley lowered shares of Tristate Capital from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $18.00 to $15.00 in a research report on Wednesday, August 5th. ValuEngine upgraded shares of Tristate Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, August 12th. Finally, Zacks Investment Research upgraded shares of Tristate Capital from a “sell” rating to a “hold” rating in a research report on Thursday, September 10th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Tristate Capital has an average rating of “Hold” and a consensus target price of $20.00.

Large investors have recently made changes to their positions in the business. Wedge Capital Management L L P NC boosted its position in Tristate Capital by 148.1% during the 2nd quarter. Wedge Capital Management L L P NC now owns 645,365 shares of the financial services provider’s stock worth $10,139,000 after acquiring an additional 385,221 shares during the period. State Street Corp lifted its position in shares of Tristate Capital by 4.2% in 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. Silvercrest Asset Management Group LLC lifted its position in shares of Tristate Capital by 3.1% in the first quarter. Silvercrest Asset Management Group LLC now owns 578,378 shares of the financial services provider’s stock worth $5,593,000 after purchasing an additional 17,188 shares in the last quarter. Nuveen Asset Management LLC lifted its position in shares of Tristate Capital by 166.1% in the second quarter. Nuveen Asset Management LLC now owns 506,594 shares of the financial services provider’s stock worth $7,959,000 after purchasing an additional 316,191 shares in the last quarter. Finally, Heartland Advisors Inc. lifted its position in shares of Tristate Capital by 5.0% in the second quarter. Heartland Advisors Inc. now owns 478,850 shares of the financial services provider’s stock worth $7,523,000 after purchasing an additional 22,825 shares in the last quarter. 78.27% 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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