Insider Buying: Tristate Capital Holdings CEO Buys 3,000 Shares of Stock (TSC)
Tristate Capital Holdings (NYSE:TSC) CEO James F. Getz purchased 3,000 shares of the stock in a transaction dated Thursday, February 6th. The stock was purchased at an average cost of $13.54 per share, for a total transaction of $40,620.00. Following the completion of the transaction, the chief executive officer now directly owns 490,209 shares in the company, valued at approximately $6,637,430. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
Separately, analysts at Robert W. Baird upgraded shares of Tristate Capital Holdings from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, January 9th. They now have a $15.00 price target on the stock, up previously from $13.00.
Shares of Tristate Capital Holdings (NYSE:TSC) traded down 0.43% during mid-day trading on Friday, hitting $13.84. The stock had a trading volume of 99,105 shares. Tristate Capital Holdings has a 1-year low of $11.35 and a 1-year high of $14.50. The stock’s 50-day moving average is $12.90 and its 200-day moving average is $12.72. The company has a market cap of $397.1 million and a price-to-earnings ratio of 28.96.
Tristate Capital Holdings (NYSE:TSC) last announced its earnings results on Wednesday, January 29th. The company reported $0.17 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.13 by $0.04. Analysts expect that Tristate Capital Holdings will post $0.75 EPS for the current fiscal year.
TriState Capital Holdings, Inc is a bank holding company. Its wholly owned bank subsidiary is TriState Capital Bank (NYSE:TSC), a commercial bank.
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