Insider Buying: Richard B. Seidel Purchases 2,500 Shares of Tristate Capital Holdings Stock (TSC)
Tristate Capital Holdings (NYSE:TSC) Director Richard B. Seidel purchased 2,500 shares of the stock in a transaction dated Friday, August 1st. The shares were purchased at an average price of $9.91 per share, for a total transaction of $24,775.00. Following the completion of the transaction, the director now directly owns 23,905 shares in the company, valued at approximately $236,899. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.
Tristate Capital Holdings (NYSE:TSC) traded up 0.83% on Monday, hitting $9.74. 137,804 shares of the company’s stock traded hands. Tristate Capital Holdings has a 52 week low of $9.16 and a 52 week high of $14.91. The stock’s 50-day moving average is $13.12 and its 200-day moving average is $13.53. The company has a market cap of $279.7 million and a P/E ratio of 26.69.
Tristate Capital Holdings (NYSE:TSC) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.02 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.17 by $0.15. On average, analysts predict that Tristate Capital Holdings will post $0.51 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Tristate Capital Holdings from a “neutral” rating to an “underperform” rating in a research note on Monday, July 28th. They now have a $9.70 price target on the stock. Separately, analysts at Macquarie upgraded shares of Tristate Capital Holdings from a “neutral” rating to an “outperform” rating in a research note on Friday, July 25th. Finally, analysts at Stephens downgraded shares of Tristate Capital Holdings from an “overweight” rating to an “equal weight” rating in a research note on Thursday, July 24th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $12.07.
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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