Headlines about Tristate Capital Holdings (NASDAQ:TSC) have trended positive recently, according to AlphaOne Sentiment. AlphaOne, a service of Accern, scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Tristate Capital Holdings earned a news impact score of 0.41 on AlphaOne’s scale. AlphaOne also assigned media stories about the financial services provider an impact score of 66 out of 100, meaning that recent news coverage is likely to have an effect on the company’s share price in the next few days.
Several equities research analysts have recently issued reports on the company. Zacks Investment Research raised Tristate Capital Holdings from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research report on Tuesday, April 25th. Maxim Group lifted their price objective on Tristate Capital Holdings from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, April 21st. Finally, DA Davidson began coverage on Tristate Capital Holdings in a report on Monday, March 6th. They issued a “buy” rating and a $29.00 price objective for the company. They noted that the move was a valuation call.
Shares of Tristate Capital Holdings (NASDAQ:TSC) traded up 0.41% during midday trading on Friday, reaching $24.35. The company had a trading volume of 180,136 shares. The company’s 50-day moving average is $24.08 and its 200-day moving average is $22.27. Tristate Capital Holdings has a 1-year low of $12.14 and a 1-year high of $26.30. The stock has a market capitalization of $699.60 million, a PE ratio of 22.97 and a beta of 0.29.
In other news, Director John B. Yasinsky sold 6,000 shares of the firm’s stock in a transaction on Wednesday, February 22nd. The stock was sold at an average price of $23.70, for a total value of $142,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kim Ruth purchased 5,000 shares of the stock in a transaction on Monday, May 8th. The shares were purchased at an average cost of $24.73 per share, with a total value of $123,650.00. Following the transaction, the director now owns 3,000 shares in the company, valued at approximately $74,190. The disclosure for this purchase can be found here. 23.50% of the stock is owned by company insiders.
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.
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