Press coverage about Tristate Capital Holdings (NASDAQ:TSC) has trended somewhat positive this week, according to AlphaOne. The research firm, a division of Accern, identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real time. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Tristate Capital Holdings earned a daily sentiment score of 0.01 on AlphaOne’s scale. AlphaOne also gave news coverage about the financial services provider an impact score of 66 out of 100, indicating that recent media coverage is likely to have an effect on the company’s share price in the next several days.
Tristate Capital Holdings (NASDAQ:TSC) traded down 0.87% during midday trading on Thursday, hitting $22.80. 37,716 shares of the stock traded hands. The firm has a market cap of $652.95 million, a PE ratio of 22.57 and a beta of 0.29. Tristate Capital Holdings has a 12 month low of $12.06 and a 12 month high of $24.90. The company’s 50 day moving average price is $23.32 and its 200 day moving average price is $20.82.
Several research firms have recently issued reports on TSC. Zacks Investment Research cut shares of Tristate Capital Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, March 30th. Maxim Group lifted their price objective on shares of Tristate Capital Holdings from $24.00 to $25.00 and gave the company a “buy” rating in a research report on Monday, December 19th. Finally, DA Davidson began coverage on shares of Tristate Capital Holdings in a research report on Monday, March 6th. They set a “buy” rating and a $29.00 price objective on the stock. They noted that the move was a valuation call.
In related news, Director John B. Yasinsky sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 22nd. The stock was sold at an average price of $23.70, for a total value of $142,200.00. The sale was disclosed in a document filed with the SEC, which is available at this link. 23.50% of the stock is owned by corporate insiders.
Tristate Capital Holdings Company Profile
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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