In a report released today, Daniel Tamayo from Raymond James maintained a Buy rating on Tristate Capital (TSC). The company’s shares closed last Wednesday at $13.50.
According to TipRanks.com, Tamayo is a 3-star analyst with an average return of 5.7% and a 84.6% success rate. Tamayo covers the Financial sector, focusing on stocks such as First Mid-Illinois Bancshares, First Midwest Bancorp, and Limestone Bancorp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Tristate Capital with a $16.00 average price target.
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The company has a one-year high of $26.43 and a one-year low of $7.59. Currently, Tristate Capital has an average volume of 113K.
Based on the recent corporate insider activity of 59 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.
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. operates as a bank holding company. The firm 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. The Bank segment focuses in commercial banking products and services to middle-market businesses and private banking products and services to high-net-worth individuals through TriState Capital Bank subsidiary. The Investment Management segment involves in the investment management services primarily to institutional investors, mutual funds and individual investors through Chartwell and also supports marketing efforts for Chartwell’s proprietary investment products through CTSC Securities. The company was founded on May 25, 2006 and is headquartered in Pittsburgh, PA.
