David J. Demas Buys 1,000 Shares of Tristate Capital Holdings Inc (NASDAQ:TSC) Stock

Tristate Capital Holdings Inc (NASDAQ:TSC) CFO David J. Demas acquired 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were acquired at an average cost of $19.45 per share, for a total transaction of $19,450.00. Following the purchase, the chief financial officer now directly owns 45,462 shares in the company, valued at approximately $884,235.90. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Tristate Capital stock traded up $0.03 during mid-day trading on Thursday, hitting $19.50. 66,398 shares of the company’s stock were exchanged, compared to its average volume of 113,068. The firm has a market capitalization of $580.36 million, a P/E ratio of 11.27, a PEG ratio of 0.90 and a beta of 1.03. Tristate Capital Holdings Inc has a fifty-two week low of $18.20 and a fifty-two week high of $30.10. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.76. The company’s 50 day simple moving average is $20.32 and its 200-day simple moving average is $21.37.

Tristate Capital (NASDAQ:TSC) last released its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.01. Tristate Capital had a return on equity of 13.03% and a net margin of 20.29%. The firm had revenue of $43.28 million for the quarter, compared to the consensus estimate of $45.35 million. Research analysts expect that Tristate Capital Holdings Inc will post 1.84 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in TSC. Nuveen Asset Management LLC acquired a new stake in shares of Tristate Capital in the 2nd quarter valued at about $3,939,000. Brown Advisory Inc. raised its stake in shares of Tristate Capital by 16.4% in the 2nd quarter. Brown Advisory Inc. now owns 1,232,086 shares of the financial services provider’s stock valued at $26,293,000 after purchasing an additional 173,682 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Tristate Capital by 9.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,458,693 shares of the financial services provider’s stock valued at $28,386,000 after purchasing an additional 131,522 shares during the period. BlackRock Inc. raised its stake in shares of Tristate Capital by 2.0% in the 2nd quarter. BlackRock Inc. now owns 4,146,715 shares of the financial services provider’s stock valued at $88,491,000 after purchasing an additional 80,644 shares during the period. Finally, Clearbridge Investments LLC raised its stake in shares of Tristate Capital by 10.8% in the 1st quarter. Clearbridge Investments LLC now owns 739,933 shares of the financial services provider’s stock valued at $15,117,000 after purchasing an additional 72,067 shares during the period. 72.34% of the stock is currently owned by hedge funds and other institutional investors.

TSC has been the topic of several research analyst reports. BidaskClub downgraded Tristate Capital from a “hold” rating to a “sell” rating in a research note on Saturday, August 10th. Stephens reaffirmed a “buy” rating and set a $25.00 price objective on shares of Tristate Capital in a research note on Friday, June 14th. Zacks Investment Research downgraded Tristate Capital from a “buy” rating to a “hold” rating in a research note on Tuesday, May 28th. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of Tristate Capital in a research note on Thursday, July 18th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $26.00.

Tristate Capital Company Profile

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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