Stephens Issues a Buy Rating on Tristate Capital

In a report released today, Matt Olney from Stephens assigned a Buy rating to Tristate Capital (NASDAQ: TSC), with a price target of $28. The company’s shares closed yesterday at $27, close to its 52-week high of $27.25.

According to TipRanks.com, Olney is a 4-star analyst with an average return of 11.2% and a 77.6% success rate. Olney covers the Financial sector, focusing on stocks such as First Financial Bankshares, Texas Capital Bancshares, and Commerce Bancshares Inc.

Tristate Capital has an analyst consensus of Moderate Buy, with a price target consensus of $28.75.

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Based on Tristate Capital’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $10.4 million. In comparison, last year the company had a net profit of $7.49 million.

Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TSC in relation to earlier this year. Earlier this month, John Yasinsky, a Director at TSC sold 6,000 shares for a total of $159,000.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.