Today, a Director at Tristate Capital (NASDAQ: TSC), James J. Dolan, bought shares of TSC for $195.8K.
Following this transaction James J. Dolan’s holding in the company was increased by 19.3% to a total of $1.3 million. This is Dolan’s first Buy trade following 3 Sell transactions.
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Based on Tristate Capital’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $65.18 million and quarterly net profit of $14.31 million. In comparison, last year the company earned revenue of $47.31 million and had a net profit of $10.03 million. TSC’s market cap is $729.4M and the company has a P/E ratio of 14.58. Currently, Tristate Capital has an average volume of 91.3K.
Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $31.00, reflecting a 21.6% upside.
The insider sentiment on Tristate Capital has been positive according to 40 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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TriState Capital Holdings, Inc. is a bank holding company, which engages in the provision of commercial banking, private banking, and investment management services to middle-market companies, institutional clients. and high-net-worth individuals. It operates through Bank; and Investment Mangement segments.
