Tristate Capital Stake Inc (TSC) Boosted by ValuEngine to “Purchase”

Tristate Capital Stake Inc (TSC) Boosted by ValuEngine to “Purchase”

Tristate Capital Holdings Inc (NASDAQ:TSC) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a report released on Friday.

A number of other research analysts have also recently weighed in on TSC. DA Davidson initiated coverage on shares of Tristate Capital Holdings in a research note on Monday, March 6th. They set a “buy” rating and a $29.00 price objective for the company. They noted that the move was a valuation call. Zacks Investment Research cut shares of Tristate Capital Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, March 30th. Finally, Maxim Group raised their price objective on shares of Tristate Capital Holdings from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, April 21st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Tristate Capital Holdings has a consensus rating of “Buy” and a consensus target price of $28.33.

Shares of Tristate Capital Holdings (NASDAQ TSC) traded up 2.53% on Friday, hitting $24.35. The stock had a trading volume of 107,907 shares. Tristate Capital Holdings has a one year low of $12.70 and a one year high of $26.30. The company’s 50 day moving average is $24.39 and its 200 day moving average is $22.74. The stock has a market cap of $699.60 million, a PE ratio of 22.97 and a beta of 0.29.

In other news, Director Kim Ruth bought 5,000 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The shares were purchased at an average price of $24.73 per share, for a total transaction of $123,650.00. Following the completion of the transaction, the director now owns 3,000 shares in the company, valued at $74,190. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Helen Hanna Casey bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The shares were purchased at an average price of $23.66 per share, for a total transaction of $236,600.00. Following the transaction, the director now owns 39,055 shares of the company’s stock, valued at approximately $924,041.30. The disclosure for this purchase can be found here. 23.50% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in the company. Second Curve Capital LLC raised its stake in shares of Tristate Capital Holdings by 0.7% in the first quarter. Second Curve Capital LLC now owns 1,461,422 shares of the financial services provider’s stock worth $34,124,000 after buying an additional 10,144 shares during the period. Vanguard Group Inc. raised its stake in shares of Tristate Capital Holdings by 9.5% in the first quarter. Vanguard Group Inc. now owns 882,788 shares of the financial services provider’s stock worth $20,614,000 after buying an additional 76,234 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Tristate Capital Holdings by 15.5% in the first quarter. Dimensional Fund Advisors LP now owns 691,968 shares of the financial services provider’s stock worth $16,158,000 after buying an additional 93,029 shares during the period. Royce & Associates LP raised its stake in shares of Tristate Capital Holdings by 5.7% in the first quarter. Royce & Associates LP now owns 613,409 shares of the financial services provider’s stock worth $14,323,000 after buying an additional 32,900 shares during the period. Finally, Northpointe Capital LLC raised its stake in shares of Tristate Capital Holdings by 7.4% in the first quarter. Northpointe Capital LLC now owns 469,583 shares of the financial services provider’s stock worth $10,965,000 after buying an additional 32,315 shares during the period. Hedge funds and other institutional investors own 56.28% of the company’s stock.

About Tristate Capital Holdings

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:TSC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

To view ValuEngine’s full report, visit ValuEngine’s official website.

Related posts

Leave a Comment