TD Asset Management Inc. raised its position in shares of TriState Capital Holdings, Inc. (NASDAQ:TSC) by 79.2% during the second quarter, according to its most recent filing with the SEC. The fund owned 25,800 shares of the financial services provider’s stock after buying an additional 11,400 shares during the period. TD Asset Management Inc. owned about 0.09% of TriState Capital Holdings worth $650,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Bank of America Corp DE boosted its position in shares of TriState Capital Holdings by 1.3% in the first quarter. Bank of America Corp DE now owns 5,140 shares of the financial services provider’s stock worth $120,000 after buying an additional 67 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new position in TriState Capital Holdings during the first quarter valued at about $207,000. Alliancebernstein L.P. bought a new position in TriState Capital Holdings during the first quarter valued at about $219,000. Janney Montgomery Scott LLC bought a new position in TriState Capital Holdings during the first quarter valued at about $234,000. Finally, Stratos Wealth Partners LTD. bought a new position in TriState Capital Holdings during the second quarter valued at about $255,000. Hedge funds and other institutional investors own 59.83% of the company’s stock.

Shares of TriState Capital Holdings, Inc. (NASDAQ:TSC) opened at 20.90 on Thursday. TriState Capital Holdings, Inc. has a 52-week low of $14.11 and a 52-week high of $26.30. The stock has a market cap of $599.10 million, a price-to-earnings ratio of 18.85 and a beta of 0.28. The stock’s 50 day moving average is $22.98 and its 200 day moving average is $23.70.

TriState Capital Holdings (NASDAQ:TSC) last posted its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. The business had revenue of $33.75 million during the quarter, compared to analysts’ expectations of $35.27 million. TriState Capital Holdings had a return on equity of 8.98% and a net margin of 19.80%. On average, equities analysts predict that TriState Capital Holdings, Inc. will post $1.19 EPS for the current fiscal year.

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Several equities analysts have issued reports on the stock. ValuEngine upgraded shares of TriState Capital Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, July 20th. BidaskClub cut shares of TriState Capital Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Zacks Investment Research cut shares of TriState Capital Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, May 4th. Stephens restated a “buy” rating and set a $30.00 target price on shares of TriState Capital Holdings in a research note on Thursday, July 20th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $28.00 price target on shares of TriState Capital Holdings in a research report on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. TriState Capital Holdings has an average rating of “Buy” and a consensus price target of $28.40.

In related news, Chairman James F. Getz sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $25.06, for a total value of $501,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO James F. Getz sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $25.00, for a total value of $375,000.00. The disclosure for this sale can be found here. 23.40% of the stock is owned by company 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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Institutional Ownership by Quarter for TriState Capital Holdings (NASDAQ:TSC)

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