BidaskClub cut shares of Tristate Capital (NASDAQ:TSC) from a buy rating to a hold rating in a report released on Wednesday.
TSC has been the topic of a number of other reports. Stephens restated a buy rating and set a $32.00 price target on shares of Tristate Capital in a research report on Thursday, October 18th. Boenning Scattergood restated a hold rating on shares of Tristate Capital in a research report on Monday, October 8th. Maxim Group restated a buy rating and set a $31.00 price target on shares of Tristate Capital in a research report on Thursday, October 18th. Zacks Investment Research downgraded shares of Tristate Capital from a buy rating to a hold rating in a research report on Tuesday, October 23rd. Finally, ValuEngine downgraded shares of Tristate Capital from a hold rating to a sell rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. Tristate Capital has a consensus rating of Hold and an average target price of $31.60.
Shares of NASDAQ:TSC opened at $23.02 on Wednesday. The stock has a market capitalization of $672.20 million, a P/E ratio of 18.56, a PEG ratio of 1.13 and a beta of 0.65. Tristate Capital has a fifty-two week low of $22.05 and a fifty-two week high of $30.10. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.02 and a current ratio of 1.02.
In other Tristate Capital news, Chairman James F. Getz sold 10,000 shares of the company’s stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $29.86, for a total transaction of $298,600.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Brian S. Fetterolf bought 4,300 shares of the business’s stock in a transaction on Monday, October 22nd. The shares were acquired at an average price of $24.27 per share, for a total transaction of $104,361.00. The disclosure for this purchase can be found here. Insiders acquired a total of 15,800 shares of company stock worth $383,831 in the last three months. Insiders own 23.40% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Mckinley Capital Management LLC Delaware bought a new stake in Tristate Capital during the 3rd quarter worth approximately $101,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Tristate Capital in the third quarter valued at $119,000. Girard Partners LTD. bought a new position in shares of Tristate Capital in the third quarter valued at $138,000. C M Bidwell & Associates Ltd. acquired a new stake in Tristate Capital during the 3rd quarter valued at $170,000. Finally, ClariVest Asset Management LLC acquired a new stake in Tristate Capital during the 3rd quarter valued at $180,000. Institutional investors and hedge funds own 72.50% of the company’s stock.
About Tristate Capital
TriState Capital Holdings, Inc operates as the bank holding company for TriState Capital Bank that provides various commercial and private banking services to middle-market businesses and high-net-worth individuals in the United States. The company operates in two segments, Bank and Investment Management.
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