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Tristate Capital (TSC) Gets a Hold Rating from Wedbush

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In a report released yesterday, Peter Winter from Wedbush maintained a Hold rating on Tristate Capital (TSCResearch Report), with a price target of $27.00. The company’s shares closed last Monday at $33.25, close to its 52-week high of $33.54.

According to TipRanks.com, Winter is a 4-star analyst with an average return of 9.9% and a 55.4% success rate. Winter covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Texas Capital Bancshares, and Huntington Bancshares.

Currently, the analyst consensus on Tristate Capital is a Hold with an average price target of $27.00.

See the top stocks recommended by analysts >>

Based on Tristate Capital’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $67.05 million and net profit of $23.06 million. In comparison, last year the company earned revenue of $50.07 million and had a net profit of $12.61 million.

Based on the recent corporate insider activity of 24 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. Most recently, in December 2021, Helen Hanna Casey, a Director at TSC bought 18,000 shares for a total of $188,100.

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.

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