Tristate Capital Holdings Inc (TSC) Insider Buys $24,805.00 in Stock

Tristate Capital Holdings Inc (NASDAQ:TSC) insider Brian S. Fetterolf acquired 1,100 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was purchased at an average cost of $22.55 per share, for a total transaction of $24,805.00. Following the transaction, the insider now owns 123,549 shares in the company, valued at $2,786,029.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Tristate Capital Holdings Inc (NASDAQ:TSC) traded up $0.50 during trading hours on Monday, reaching $22.85. 102,800 shares of the company’s stock traded hands, compared to its average volume of 105,453. The stock has a market cap of $653.24, a P/E ratio of 17.31, a PEG ratio of 1.43 and a beta of 0.35. Tristate Capital Holdings Inc has a 12 month low of $20.30 and a 12 month high of $26.30. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.06 and a current ratio of 1.06.

Tristate Capital (NASDAQ:TSC) last released its earnings results on Wednesday, January 24th. The financial services provider reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.01. The company had revenue of $36.94 million for the quarter, compared to the consensus estimate of $37.32 million. Tristate Capital had a net margin of 20.96% and a return on equity of 9.69%. research analysts anticipate that Tristate Capital Holdings Inc will post 1.59 earnings per share for the current fiscal year.

Tristate Capital announced that its board has approved a stock repurchase plan on Wednesday, January 24th that allows the company to repurchase $5.00 million in outstanding shares. This repurchase authorization allows the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

A number of brokerages have recently issued reports on TSC. Boenning Scattergood reaffirmed a “hold” rating on shares of Tristate Capital in a research report on Friday, January 26th. BidaskClub downgraded shares of Tristate Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. Zacks Investment Research downgraded shares of Tristate Capital from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Finally, Raymond James Financial initiated coverage on shares of Tristate Capital in a research report on Monday, December 11th. They set an “outperform” rating and a $28.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $28.33.

Hedge funds have recently added to or reduced their stakes in the company. IFP Advisors Inc purchased a new stake in shares of Tristate Capital in the 4th quarter valued at $230,000. 1st Global Advisors Inc. purchased a new stake in shares of Tristate Capital in the 2nd quarter valued at $235,000. Citadel Advisors LLC purchased a new stake in shares of Tristate Capital in the 3rd quarter valued at $255,000. Vident Investment Advisory LLC purchased a new stake in shares of Tristate Capital in the 3rd quarter valued at $267,000. Finally, Voya Investment Management LLC purchased a new stake in shares of Tristate Capital in the 2nd quarter valued at $271,000. 59.56% of the stock is currently owned by institutional investors and hedge funds.

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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.

Insider Buying and Selling by Quarter for Tristate Capital (NASDAQ:TSC)

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