TriState Capital Holdings Inc. (TSC) Position Cut by Nationwide Fund Advisors
Nationwide Fund Advisors lowered its position in shares of TriState Capital Holdings Inc. (NASDAQ:TSC) by 8.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 92,686 shares of the financial services provider’s stock after selling 8,600 shares during the period. Nationwide Fund Advisors owned about 0.33% of TriState Capital Holdings worth $1,497,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of TSC. Bank of Montreal Can purchased a new stake in shares of TriState Capital Holdings during the second quarter valued at $150,000. California State Teachers Retirement System boosted its stake in shares of TriState Capital Holdings by 2.1% in the second quarter. California State Teachers Retirement System now owns 45,994 shares of the financial services provider’s stock valued at $631,000 after buying an additional 952 shares in the last quarter. Emerald Acquisition Ltd. purchased a new stake in shares of TriState Capital Holdings during the second quarter valued at $603,000. Commonwealth Equity Services Inc boosted its stake in shares of 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 in the last quarter. Finally, Mesirow Financial Investment Management Equity Management boosted its stake in shares of TriState Capital Holdings by 23.4% in the second quarter. Mesirow Financial Investment Management Equity Management now owns 19,814 shares of the financial services provider’s stock valued at $272,000 after buying an additional 3,756 shares in the last quarter. Institutional investors own 56.53% of the company’s stock.
Shares of TriState Capital Holdings Inc. (NASDAQ:TSC) traded up 1.75% on Monday, reaching $20.35. The company had a trading volume of 114,389 shares. The company has a market capitalization of $576.78 million, a P/E ratio of 21.42 and a beta of 0.18. TriState Capital Holdings Inc. has a 52 week low of $10.77 and a 52 week high of $20.60. The company has a 50 day moving average of $17.76 and a 200-day moving average of $15.19.
TriState Capital Holdings (NASDAQ:TSC) last posted its earnings results on Wednesday, October 19th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.06. TriState Capital Holdings had a return on equity of 7.97% and a net margin of 19.61%. Analysts predict that TriState Capital Holdings Inc. will post $0.97 earnings per share for the current fiscal year.
Several research analysts have recently commented on the company. Zacks Investment Research raised TriState Capital Holdings from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research report on Saturday, October 22nd. Boenning Scattergood assumed coverage on TriState Capital Holdings in a research report on Wednesday, October 5th. They issued a “neutral” rating for the company. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. TriState Capital Holdings currently has an average rating of “Buy” and an average price target of $16.88.
In other news, Chairman James F. Getz purchased 5,000 shares of the stock in a transaction dated Thursday, November 3rd. The stock was acquired at an average cost of $16.90 per share, for a total transaction of $84,500.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman James F. Getz sold 75,000 shares of the firm’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $15.25, for a total value of $1,143,750.00. The disclosure for this sale can be found here. Company insiders own 23.50% of the company’s stock.
About TriState Capital Holdings
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.
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