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.

Tristate Capital declared that its Board of Directors has authorized a share repurchase program on Wednesday, January 24th that permits the company to repurchase $5.00 million in shares. This repurchase authorization permits the financial services provider to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

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.

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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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