New York State Common Retirement Fund lessened its stake in shares of TriState Capital Holdings, Inc. (NASDAQ:TSC) by 0.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,400 shares of the financial services provider’s stock after selling 1 shares during the quarter. New York State Common Retirement Fund owned about 0.08% of TriState Capital Holdings worth $590,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sheets Smith Wealth Management boosted its stake in shares of TriState Capital Holdings by 0.5% during the 2nd quarter. Sheets Smith Wealth Management now owns 12,257 shares of the financial services provider’s stock worth $309,000 after acquiring an additional 65 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of TriState Capital Holdings by 1.3% during the 1st quarter. Bank of America Corp DE now owns 5,140 shares of the financial services provider’s stock worth $120,000 after acquiring an additional 67 shares in the last quarter. Private Advisor Group LLC boosted its stake in shares of TriState Capital Holdings by 1.5% during the 2nd quarter. Private Advisor Group LLC now owns 15,239 shares of the financial services provider’s stock worth $384,000 after acquiring an additional 232 shares in the last quarter. American International Group Inc. boosted its stake in shares of TriState Capital Holdings by 7.2% during the 1st quarter. American International Group Inc. now owns 13,513 shares of the financial services provider’s stock worth $316,000 after acquiring an additional 902 shares in the last quarter. Finally, Girard Partners LTD. boosted its stake in shares of TriState Capital Holdings by 1.7% during the 2nd quarter. Girard Partners LTD. now owns 58,767 shares of the financial services provider’s stock worth $1,481,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors own 60.30% of the company’s stock.

Shares of TriState Capital Holdings, Inc. (TSC) opened at $22.70 on Friday. TriState Capital Holdings, Inc. has a 52 week low of $17.15 and a 52 week high of $26.30. The firm has a market capitalization of $638.73, a P/E ratio of 19.06, a P/E/G ratio of 1.81 and a beta of 0.31. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.06 and a current ratio of 1.06.

TriState Capital Holdings (NASDAQ:TSC) last announced its earnings results on Thursday, October 19th. The financial services provider reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.05. TriState Capital Holdings had a return on equity of 9.21% and a net margin of 19.58%. The firm had revenue of $35.31 million during the quarter, compared to the consensus estimate of $36.41 million. equities analysts forecast that TriState Capital Holdings, Inc. will post 1.23 earnings per share for the current year.

TSC has been the subject of several recent analyst reports. Stephens reiterated a “buy” rating and set a $30.00 price target on shares of TriState Capital Holdings in a research note on Thursday, July 20th. BidaskClub downgraded TriState Capital Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Zacks Investment Research downgraded TriState Capital Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. ValuEngine upgraded TriState Capital Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, July 20th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $28.00 price target 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 given a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $28.75.

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In other TriState Capital Holdings news, insider Brian S. Fetterolf bought 1,560 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The stock was purchased at an average price of $21.54 per share, for a total transaction of $33,602.40. Following the purchase, the insider now directly owns 85,090 shares in the company, valued at $1,832,838.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 23.40% of the stock is owned by corporate insiders.

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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