Tristate Capital Holdings Inc (TSC) Director Kim Ruth Acquires 5,000 Shares
Tristate Capital Holdings Inc (NASDAQ:TSC) Director Kim Ruth bought 5,000 shares of Tristate Capital Holdings stock in a transaction dated Monday, May 8th. The shares were bought at an average cost of $24.73 per share, with a total value of $123,650.00. Following the completion of the acquisition, the director now owns 3,000 shares of the company’s stock, valued at $74,190. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.
Tristate Capital Holdings Inc (NASDAQ:TSC) traded down 1.82% on Tuesday, reaching $24.30. The company had a trading volume of 113,337 shares. The stock has a market capitalization of $698.16 million, a price-to-earnings ratio of 22.92 and a beta of 0.29. The firm has a 50 day moving average price of $23.66 and a 200-day moving average price of $21.79. Tristate Capital Holdings Inc has a 12 month low of $12.14 and a 12 month high of $26.30.
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Several equities research analysts have recently commented on the company. Zacks Investment Research downgraded Tristate Capital Holdings from a “buy” rating to a “hold” rating in a report on Thursday, March 30th. Maxim Group upped their target price on Tristate Capital Holdings from $25.00 to $28.00 and gave the company a “buy” rating in a report on Friday, April 21st. Finally, DA Davidson started coverage on Tristate Capital Holdings in a report on Monday, March 6th. They set a “buy” rating and a $29.00 target price for the company. They noted that the move was a valuation call.
Several hedge funds have recently modified their holdings of the stock. First Trust Advisors LP raised its stake in shares of Tristate Capital Holdings by 5.0% in the third quarter. First Trust Advisors LP now owns 11,809 shares of the financial services provider’s stock worth $191,000 after buying an additional 560 shares during the period. Spark Investment Management LLC purchased a new stake in shares of Tristate Capital Holdings during the third quarter worth approximately $214,000. Janney Montgomery Scott LLC purchased a new stake in shares of Tristate Capital Holdings during the first quarter worth approximately $234,000. Berkshire Asset Management LLC PA purchased a new stake in shares of Tristate Capital Holdings during the first quarter worth approximately $254,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of Tristate Capital Holdings during the fourth quarter worth approximately $260,000. Institutional investors own 56.28% of the company’s stock.
Tristate Capital Holdings Company Profile
TriState Capital Holdings, Inc is a bank holding company. The Company’s subsidiaries include TriState Capital Bank (the Bank), a Pennsylvania chartered bank; Chartwell Investment Partners, LLC (Chartwell), an investment advisor, and Chartwell TSC Securities Corp. (CTSC Securities). The Company operates through two segments: Bank and Investment Management.
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