Brian S. Fetterolf Buys 1,100 Shares of Tristate Capital Holdings Inc (TSC) Stock
Tristate Capital Holdings Inc (NASDAQ:TSC) insider Brian S. Fetterolf bought 1,100 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were acquired at an average price of $22.55 per share, with a total value of $24,805.00. Following the completion of the transaction, the insider now directly owns 123,549 shares of the company’s stock, valued at $2,786,029.95. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Tristate Capital Holdings Inc (NASDAQ:TSC) opened at $22.75 on Wednesday. The stock has a market cap of $653.24, a price-to-earnings ratio of 17.23, a P/E/G ratio of 1.43 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 issued its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. The business had revenue of $36.94 million during the quarter, compared to the consensus estimate of $37.32 million. Tristate Capital had a net margin of 20.96% and a return on equity of 9.69%. equities analysts anticipate that Tristate Capital Holdings Inc will post 1.59 EPS for the current fiscal year.
TSC has been the subject of a number of research reports. Raymond James Financial initiated coverage on shares of Tristate Capital in a research report on Monday, December 11th. They set an “outperform” rating and a $28.00 target price for the company. Zacks Investment Research downgraded shares of Tristate Capital from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. BidaskClub upgraded shares of Tristate Capital from a “sell” rating to a “hold” rating in a research report on Saturday, January 13th. Finally, Boenning Scattergood restated a “hold” rating on shares of Tristate Capital in a research report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. Tristate Capital has a consensus rating of “Hold” and an average target price of $28.33.
Several institutional investors have recently modified their holdings of TSC. IFP Advisors Inc acquired a new position in shares of Tristate Capital in the fourth quarter worth about $230,000. 1st Global Advisors Inc. acquired a new position in shares of Tristate Capital in the second quarter worth about $235,000. Citadel Advisors LLC acquired a new position in shares of Tristate Capital in the third quarter worth about $255,000. Vident Investment Advisory LLC acquired a new position in shares of Tristate Capital in the third quarter worth about $267,000. Finally, Voya Investment Management LLC acquired a new position in shares of Tristate Capital in the second quarter worth about $271,000. Institutional investors and hedge funds own 59.56% of the company’s stock.
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.