Insider Buying: Tristate Capital Holdings CEO Purchases 7,500 Shares of Stock (TSC)
Tristate Capital Holdings (NYSE:TSC) CEO James F. Getz purchased 7,500 shares of Tristate Capital Holdings stock in a transaction dated Monday, August 11th. The shares were purchased at an average price of $9.41 per share, for a total transaction of $70,575.00. The purchase was disclosed in a filing with the SEC, which is available at this link.
Tristate Capital Holdings (NYSE:TSC) traded up 3.72% during mid-day trading on Monday, hitting $9.49. 96,156 shares of the company’s stock traded hands. Tristate Capital Holdings has a 52 week low of $9.03 and a 52 week high of $14.91. The stock’s 50-day moving average is $12.31 and its 200-day moving average is $13.35. The company has a market cap of $272.5 million and a P/E ratio of 23.52.
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. Analysts expect that Tristate Capital Holdings will post $0.51 EPS for the current fiscal year.
TSC has been the subject of a number of recent research reports. 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 issued a hold rating and one has given a buy rating to the company. The stock presently 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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