Insider Buying: Tristate Capital Holdings Director Acquires 1,000 Shares of Stock (TSC)
Tristate Capital Holdings (NYSE:TSC) Director Anthony J. Buzzelli acquired 1,000 shares of the company’s stock in a transaction dated Wednesday, August 27th. The shares were purchased at an average price of $9.39 per share, with a total value of $9,390.00. Following the completion of the transaction, the director now directly owns 10,000 shares in the company, valued at approximately $93,900. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
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 research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $12.07.
Shares of Tristate Capital Holdings (NYSE:TSC) traded up 0.43% during mid-day trading on Friday, hitting $9.45. 13,789 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 has a 50-day moving average of $10.64 and a 200-day moving average of $12.95. The company has a market cap of $271.3 million and a P/E ratio of 24.19.
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 analysts’ 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.
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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