Tristate Capital (NASDAQ:TSC) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a report released on Saturday.
Other research analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Tristate Capital from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. Raymond James Financial initiated coverage on shares of Tristate Capital in a report on Monday, December 11th. They issued an “outperform” rating and a $28.00 price target on the stock. Finally, ValuEngine cut shares of Tristate Capital from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $28.33.
Tristate Capital (TSC) traded up $0.25 during mid-day trading on Friday, reaching $24.10. 143,796 shares of the company’s stock were exchanged, compared to its average volume of 82,670. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.06 and a quick ratio of 1.06. Tristate Capital has a fifty-two week low of $19.65 and a fifty-two week high of $26.30. The company has a market capitalization of $681.87, a PE ratio of 20.39, a price-to-earnings-growth ratio of 1.46 and a beta of 0.33.
In other Tristate Capital news, Director James J. Dolan sold 12,000 shares of the stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $24.32, for a total transaction of $291,840.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 23.40% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. Vident Investment Advisory LLC bought a new position in Tristate Capital during the 3rd quarter worth about $267,000. Castine Capital Management LLC grew its holdings in Tristate Capital by 9.7% during the 3rd quarter. Castine Capital Management LLC now owns 235,789 shares of the financial services provider’s stock worth $5,399,000 after acquiring an additional 20,835 shares in the last quarter. Elk Creek Partners LLC grew its holdings in Tristate Capital by 21.6% during the 3rd quarter. Elk Creek Partners LLC now owns 328,026 shares of the financial services provider’s stock worth $7,512,000 after acquiring an additional 58,320 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Tristate Capital by 13.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 872,391 shares of the financial services provider’s stock worth $19,978,000 after acquiring an additional 104,343 shares in the last quarter. Finally, Brown Advisory Inc. grew its holdings in Tristate Capital by 48.7% during the 3rd quarter. Brown Advisory Inc. now owns 460,691 shares of the financial services provider’s stock worth $10,550,000 after acquiring an additional 150,954 shares in the last quarter. Institutional investors own 59.70% of the company’s stock.
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About Tristate Capital
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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