TriState Capital Holdings, Inc. (NASDAQ:TSC) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

A number of other analysts have also commented on TSC. Zacks Investment Research lowered TriState Capital Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th. ValuEngine raised TriState Capital Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, July 20th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $28.00 target price on shares of TriState Capital Holdings in a research report on Tuesday, August 22nd. Finally, Stephens reaffirmed a “buy” rating and issued a $30.00 target price on shares of TriState Capital Holdings in a research report on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $28.40.

TriState Capital Holdings (NASDAQ:TSC) remained flat at $22.90 on Thursday. The stock had a trading volume of 128,151 shares. TriState Capital Holdings has a 52-week low of $15.46 and a 52-week high of $26.30. The company has a market capitalization of $656.43 million, a PE ratio of 20.65 and a beta of 0.30. The stock has a 50 day moving average price of $21.47 and a 200-day moving average price of $23.40.

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

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

A number of institutional investors and hedge funds have recently modified their holdings of the business. Mesirow Financial Investment Management Inc. bought a new stake in TriState Capital Holdings during the 2nd quarter worth approximately $568,000. 1st Global Advisors Inc. bought a new stake in TriState Capital Holdings during the 2nd quarter worth approximately $235,000. Susquehanna International Group LLP bought a new stake in TriState Capital Holdings during the 2nd quarter worth approximately $2,140,000. The Manufacturers Life Insurance Company increased its holdings in TriState Capital Holdings by 3.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,057 shares of the financial services provider’s stock worth $454,000 after purchasing an additional 596 shares in the last quarter. Finally, NBW Capital LLC increased its holdings in TriState Capital Holdings by 5.2% during the 2nd quarter. NBW Capital LLC now owns 76,175 shares of the financial services provider’s stock worth $1,920,000 after purchasing an additional 3,787 shares in the last quarter. 59.83% of the stock is owned by hedge funds and other institutional investors.

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

Analyst Recommendations for TriState Capital Holdings (NASDAQ:TSC)

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