Shares of TriState Capital Holdings Inc. (NASDAQ:TSC) have been assigned a consensus recommendation of “Buy” from the six brokerages that are currently covering the stock. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $16.17.

Several equities research analysts recently commented on the company. Maxim Group boosted their target price on TriState Capital Holdings from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, July 22nd. Zacks Investment Research raised TriState Capital Holdings from a “sell” rating to a “hold” rating in a report on Friday, June 10th. Finally, Boenning Scattergood assumed coverage on TriState Capital Holdings in a report on Wednesday. They set a “neutral” rating on the stock.

In other TriState Capital Holdings news, Chairman James F. Getz sold 75,000 shares of TriState Capital Holdings stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $15.25, for a total transaction of $1,143,750.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard A. Zappala sold 5,000 shares of TriState Capital Holdings stock in a transaction that occurred on Thursday, September 8th. The stock was sold at an average price of $15.57, for a total transaction of $77,850.00. Following the transaction, the director now owns 124,980 shares in the company, valued at $1,945,938.60. The disclosure for this sale can be found here. 23.50% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of TSC. Commonwealth Equity Services Inc boosted its position in TriState Capital Holdings by 0.3% in the second quarter. Commonwealth Equity Services Inc now owns 28,090 shares of the financial services provider’s stock valued at $386,000 after buying an additional 94 shares during the last quarter. Prudential Financial Inc. boosted its position in TriState Capital Holdings by 0.4% in the second quarter. Prudential Financial Inc. now owns 22,940 shares of the financial services provider’s stock valued at $315,000 after buying an additional 100 shares during the last quarter. American International Group Inc. boosted its position in TriState Capital Holdings by 1.3% in the second quarter. American International Group Inc. now owns 12,626 shares of the financial services provider’s stock valued at $173,000 after buying an additional 167 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in TriState Capital Holdings by 2.6% in the second quarter. Parametric Portfolio Associates LLC now owns 14,100 shares of the financial services provider’s stock valued at $194,000 after buying an additional 363 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its position in TriState Capital Holdings by 4.7% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 10,535 shares of the financial services provider’s stock valued at $133,000 after buying an additional 475 shares during the last quarter. Hedge funds and other institutional investors own 56.86% of the company’s stock.

TriState Capital Holdings (NASDAQ:TSC) traded up 1.32% during midday trading on Wednesday, hitting $16.08. The stock had a trading volume of 15,850 shares. TriState Capital Holdings has a one year low of $10.77 and a one year high of $16.28. The firm has a 50 day moving average price of $15.32 and a 200 day moving average price of $13.84. The stock has a market cap of $453.70 million, a PE ratio of 18.48 and a beta of 0.24.

TriState Capital Holdings (NASDAQ:TSC) last announced its earnings results on Wednesday, July 20th. The financial services provider reported $0.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.02. TriState Capital Holdings had a return on equity of 7.40% and a net margin of 19.08%. Equities analysts expect that TriState Capital Holdings will post $0.94 EPS for the current year.

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, Inc (Chartwell), an investment advisor, and Chartwell TSC Securities Corp. (CTSC Securities). The Company operates through two segments: Bank and Investment Management.

5 Day Chart for NASDAQ:TSC

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