Tristate Capital Holdings Inc (NASDAQ:TSC) CEO Brian S. Fetterolf Purchases 2,000 Shares

Tristate Capital Holdings Inc (NASDAQ:TSC) CEO Brian S. Fetterolf bought 2,000 shares of the firm’s stock in a transaction on Tuesday, July 28th. The stock was acquired at an average cost of $12.92 per share, for a total transaction of $25,840.00.

Shares of Tristate Capital stock traded up $0.80 during trading hours on Wednesday, hitting $13.43. The company’s stock had a trading volume of 4,147 shares, compared to its average volume of 138,661. Tristate Capital Holdings Inc has a twelve month low of $7.59 and a twelve month high of $26.43. The firm has a fifty day moving average of $14.71 and a 200-day moving average of $16.26. The stock has a market cap of $400.15 million, a price-to-earnings ratio of 8.07 and a beta of 2.04. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.99 and a current ratio of 0.99.

Tristate Capital (NASDAQ:TSC) last issued its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.10. Tristate Capital had a return on equity of 11.08% and a net margin of 17.89%. The firm had revenue of $46.48 million during the quarter, compared to the consensus estimate of $48.93 million. On average, sell-side analysts expect that Tristate Capital Holdings Inc will post 1.05 earnings per share for the current fiscal year.

A number of research firms have recently issued reports on TSC. Raymond James upgraded Tristate Capital from an “outperform” rating to a “strong-buy” rating and upped their price target for the company from $15.00 to $20.00 in a research report on Wednesday, June 17th. B. Riley dropped their target price on Tristate Capital from $26.00 to $20.00 and set a “buy” rating for the company in a report on Monday, April 13th. ValuEngine upgraded Tristate Capital from a “sell” rating to a “hold” rating in a report on Thursday, June 25th. Zacks Investment Research raised shares of Tristate Capital from a “sell” rating to a “hold” rating in a report on Saturday, July 4th. Finally, Wedbush initiated coverage on shares of Tristate Capital in a research note on Thursday, June 18th. They set an “outperform” rating and a $20.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $21.25.

Several institutional investors and hedge funds have recently made changes to their positions in TSC. American International Group Inc. raised its stake in shares of Tristate Capital by 5.0% in the 1st quarter. American International Group Inc. now owns 16,059 shares of the financial services provider’s stock valued at $155,000 after acquiring an additional 763 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in Tristate Capital by 56.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,737 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 987 shares during the period. Mesirow Financial Investment Management Inc. lifted its stake in Tristate Capital by 4.0% during the second quarter. Mesirow Financial Investment Management Inc. now owns 29,380 shares of the financial services provider’s stock worth $462,000 after purchasing an additional 1,123 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Tristate Capital by 37.5% during the fourth 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. Finally, Great West Life Assurance Co. Can acquired a new stake in shares of Tristate Capital in the fourth quarter valued at $41,000. Institutional investors and hedge funds 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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