Tristate Capital Holdings Inc (NASDAQ:TSC) Director Audrey Dunning acquired 1,000 shares of the company’s stock in a transaction dated Friday, July 24th. The shares were bought at an average price of $13.73 per share, for a total transaction of $13,730.00. Following the purchase, the director now owns 6,412 shares in the company, valued at $88,036.76. The transaction was disclosed in a document filed with the SEC, which is available at this link.

TSC opened at $13.25 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.71. The stock has a market cap of $395.38 million, a PE ratio of 8.18 and a beta of 2.04. The stock’s fifty day simple moving average is $14.44 and its 200 day simple moving average is $16.07. Tristate Capital Holdings Inc has a 1-year low of $7.59 and a 1-year high of $26.43.

Tristate Capital (NASDAQ:TSC) last posted its quarterly earnings data 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 firm had revenue of $46.48 million for the quarter, compared to analysts’ expectations of $48.93 million. Tristate Capital had a return on equity of 11.08% and a net margin of 17.89%. Equities analysts forecast that Tristate Capital Holdings Inc will post 1.06 earnings per share for the current year.

A number of equities research analysts have recently issued reports on TSC shares. BidaskClub cut Tristate Capital from a “sell” rating to a “strong sell” rating in a research note on Thursday. B. Riley dropped their price objective on Tristate Capital from $26.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, April 13th. Wedbush assumed coverage on Tristate Capital in a research note on Thursday, June 18th. They set an “outperform” rating and a $20.00 price objective on the stock. ValuEngine upgraded Tristate Capital from a “sell” rating to a “hold” rating in a research note on Thursday, June 25th. Finally, Zacks Investment Research upgraded Tristate Capital from a “sell” rating to a “hold” rating in a research note on Saturday, July 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $21.25.

A number of hedge funds have recently bought and sold shares of TSC. Victory Capital Management Inc. increased its position in Tristate Capital by 37.5% during the 4th quarter. Victory Capital Management Inc. now owns 5,308 shares of the financial services provider’s stock worth $139,000 after buying an additional 1,449 shares during the period. Great West Life Assurance Co. Can acquired a new stake in shares of Tristate Capital during the 4th quarter worth $41,000. Raymond James & Associates grew its holdings in shares of Tristate Capital by 14.3% during the 4th quarter. Raymond James & Associates now owns 30,117 shares of the financial services provider’s stock worth $787,000 after purchasing an additional 3,775 shares in the last quarter. UBS Group AG grew its holdings in shares of Tristate Capital by 43.9% during the 4th quarter. UBS Group AG now owns 30,083 shares of the financial services provider’s stock worth $786,000 after purchasing an additional 9,177 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Tristate Capital by 19.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 71,701 shares of the financial services provider’s stock worth $1,873,000 after purchasing an additional 11,443 shares in the last quarter. Hedge funds and other institutional investors own 74.39% of the company’s stock.

About Tristate Capital

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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