Tristate Capital Holdings Inc (TSC) CFO Acquires $25,960.00 in Stock
Tristate Capital Holdings Inc (NASDAQ:TSC) CFO David J. Demas purchased 1,100 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was acquired at an average cost of $23.60 per share, with a total value of $25,960.00. The purchase was disclosed in a filing with the SEC, which is available through this link.
Shares of Tristate Capital Holdings Inc (NASDAQ:TSC) opened at $22.90 on Thursday. The stock has a market cap of $655.91, a price-to-earnings ratio of 17.35, a PEG ratio of 1.45 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 debt-to-equity ratio of 0.74, a quick ratio of 1.06 and a current ratio of 1.06.
Tristate Capital (NASDAQ:TSC) last released its quarterly earnings data 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. The business had revenue of $36.94 million during the quarter, compared to analysts’ expectations of $37.32 million. Tristate Capital had a net margin of 20.96% and a return on equity of 9.69%. research analysts anticipate that Tristate Capital Holdings Inc will post 1.59 earnings per share for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in TSC. IFP Advisors Inc purchased a new stake in Tristate Capital in the fourth quarter valued at $230,000. 1st Global Advisors Inc. purchased a new stake in Tristate Capital in the second quarter valued at $235,000. Citadel Advisors LLC purchased a new stake in Tristate Capital in the third quarter valued at $255,000. Vident Investment Advisory LLC purchased a new stake in Tristate Capital in the third quarter valued at $267,000. Finally, Voya Investment Management LLC purchased a new stake in Tristate Capital in the second quarter valued at $271,000. 59.77% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have commented on TSC shares. Raymond James Financial started coverage on shares of Tristate Capital in a research report on Monday, December 11th. They issued an “outperform” rating and a $28.00 price target for the company. Zacks Investment Research raised shares of Tristate Capital from a “hold” rating to a “strong-buy” rating and set a $27.00 price target for the company in a research report on Friday, January 12th. BidaskClub cut shares of Tristate Capital from a “hold” rating to a “sell” rating in a research report on Friday, December 29th. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of Tristate Capital in a research report on Friday, January 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $28.33.
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.
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