Insider Buying: Anthony J. Buzzelli Acquires 1,000 Shares of Tristate Capital Holdings Stock (TSC)
Tristate Capital Holdings (NYSE:TSC) Director Anthony J. Buzzelli purchased 1,000 shares of Tristate Capital Holdings stock on the open market in a transaction dated Wednesday, August 27th. The stock was purchased at an average price of $9.39 per share, with a total value of $9,390.00. Following the transaction, the director now directly owns 10,000 shares in the company, valued at approximately $93,900. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on TSC. 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 issued a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $12.07.
Shares of Tristate Capital Holdings (NYSE:TSC) opened at 9.53 on Tuesday. Tristate Capital Holdings has a 1-year low of $9.03 and a 1-year high of $14.91. The stock’s 50-day moving average is $10.53 and its 200-day moving average is $12.92. The company has a market cap of $273.6 million and a price-to-earnings ratio of 24.19.
Tristate Capital Holdings (NYSE:TSC) last posted its quarterly earnings results 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. 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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