Tristate Capital Holdings Inc (NASDAQ:TSC) insider Brian S. Fetterolf acquired 4,000 shares of Tristate Capital stock in a transaction on Thursday, March 15th. The shares were purchased at an average price of $25.00 per share, for a total transaction of $100,000.00. Following the completion of the purchase, the insider now directly owns 4,000 shares of the company’s stock, valued at $100,000. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Tristate Capital stock traded down $0.55 during trading hours on Monday, reaching $24.15. 107,859 shares of the company traded hands, compared to its average volume of 120,697. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. Tristate Capital Holdings Inc has a twelve month low of $20.30 and a twelve month high of $26.30. The firm has a market cap of $714.11, a P/E ratio of 18.33, a PEG ratio of 1.59 and a beta of 0.42.
Tristate Capital (NASDAQ:TSC) last posted its earnings results on Wednesday, January 24th. The financial services provider reported $0.34 EPS for the quarter, topping the 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 business had revenue of $36.94 million for the quarter, compared to the consensus estimate of $37.32 million. equities analysts predict that Tristate Capital Holdings Inc will post 1.56 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the stock. IFP Advisors Inc bought a new position in Tristate Capital during the 4th quarter worth approximately $230,000. Citadel Advisors LLC bought a new position in Tristate Capital during the 3rd quarter worth approximately $255,000. MetLife Investment Advisors LLC bought a new position in Tristate Capital during the 4th quarter worth approximately $263,000. Vident Investment Advisory LLC bought a new position in Tristate Capital during the 3rd quarter worth approximately $267,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Tristate Capital during the 3rd quarter worth approximately $282,000. Institutional investors and hedge funds own 58.71% of the company’s stock.
A number of equities research analysts have recently weighed in on the stock. Raymond James Financial assumed coverage on shares of Tristate Capital in a research note on Monday, December 11th. They issued an “outperform” rating and a $28.00 price target on the stock. BidaskClub downgraded shares of Tristate Capital from a “hold” rating to a “sell” rating in a research note on Friday, December 29th. Zacks Investment Research upgraded shares of Tristate Capital from a “hold” rating to a “strong-buy” rating and set a $27.00 price target on the stock in a research note on Friday, January 12th. Boenning Scattergood restated a “hold” rating on shares of Tristate Capital in a research note on Friday, January 26th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $32.00 price target on shares of Tristate Capital in a research note on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $29.00.
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Tristate Capital Company Profile
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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