Tristate Capital Holdings Director Richard A. Zappala Acquires 12,900 Shares (TSC)
Tristate Capital Holdings (NYSE:TSC) Director Richard A. Zappala acquired 12,900 shares of the stock on the open market in a transaction that occurred on Monday, August 25th. The shares were purchased at an average cost of $9.24 per share, for a total transaction of $119,196.00. Following the completion of the transaction, the director now directly owns 113,980 shares of the company’s stock, valued at approximately $1,053,175. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Tristate Capital Holdings (NYSE:TSC) traded up 0.86% during mid-day trading on Tuesday, hitting $9.33. 102,654 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 $11.02 and its 200-day moving average is $13.03. The company has a market cap of $267.9 million and a price-to-earnings ratio of 23.78.
Tristate Capital Holdings (NYSE:TSC) last released its earnings data on Thursday, July 24th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the 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 equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The stock has an average 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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