Elk Creek Partners LLC increased its holdings in shares of TriState Capital Holdings, Inc. (NASDAQ:TSC) by 9.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 269,706 shares of the financial services provider’s stock after purchasing an additional 23,476 shares during the period. Elk Creek Partners LLC owned 0.94% of TriState Capital Holdings worth $6,797,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE boosted its stake in shares of TriState Capital Holdings by 1.3% during the first quarter. Bank of America Corp DE now owns 5,140 shares of the financial services provider’s stock valued at $120,000 after purchasing an additional 67 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of TriState Capital Holdings during the first quarter valued at approximately $207,000. Alliancebernstein L.P. bought a new position in shares of TriState Capital Holdings during the first quarter valued at approximately $219,000. Janney Montgomery Scott LLC bought a new position in shares of TriState Capital Holdings during the first quarter valued at approximately $234,000. Finally, Stratos Wealth Partners LTD. bought a new position in shares of TriState Capital Holdings during the second quarter valued at approximately $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 21.30 on Monday. The firm has a market capitalization of $610.56 million, a P/E ratio of 19.21 and a beta of 0.30. TriState Capital Holdings, Inc. has a 52 week low of $14.11 and a 52 week high of $26.30. The firm has a 50-day moving average of $21.55 and a 200 day moving average of $23.43.

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

Several equities research analysts have weighed in on TSC shares. Stephens restated a “buy” rating and issued a $30.00 target price on shares of TriState Capital Holdings in a research note on Thursday, July 20th. Zacks Investment Research upgraded shares of TriState Capital Holdings from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Thursday, June 22nd. ValuEngine upgraded shares of TriState Capital Holdings from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. BidaskClub downgraded shares of TriState Capital Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $28.00 target price on shares of TriState Capital Holdings in a research note on Tuesday, August 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. TriState Capital Holdings presently has a consensus rating of “Buy” and a consensus price target of $28.40.

In related news, insider Brian S. Fetterolf bought 1,560 shares of the stock in a transaction dated Thursday, August 17th. The stock was acquired at an average price of $21.54 per share, for a total transaction of $33,602.40. Following the acquisition, the insider now owns 85,090 shares in the company, valued at approximately $1,832,838.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Brian S. Fetterolf bought 3,250 shares of the stock in a transaction dated Friday, August 11th. The stock was bought at an average price of $21.83 per share, with a total value of $70,947.50. Following the acquisition, the insider now owns 85,090 shares in the company, valued at approximately $1,857,514.70. The disclosure for this purchase can be found here. Corporate insiders own 23.40% of the company’s stock.

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TriState Capital Holdings 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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