Royce & Associates LP lifted its position in shares of Tristate Capital Holdings Inc (NASDAQ:TSC) by 0.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 784,127 shares of the financial services provider’s stock after buying an additional 6,992 shares during the period. Royce & Associates LP owned approximately 2.68% of Tristate Capital worth $20,481,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. 1492 Capital Management LLC increased its holdings in Tristate Capital by 9.8% in the 4th quarter. 1492 Capital Management LLC now owns 117,625 shares of the financial services provider’s stock valued at $3,072,000 after purchasing an additional 10,543 shares during the last quarter. State Street Corp increased its holdings in Tristate Capital by 4.9% in the 4th quarter. State Street Corp now owns 606,154 shares of the financial services provider’s stock valued at $15,833,000 after purchasing an additional 28,433 shares during the last quarter. Swiss National Bank increased its holdings in Tristate Capital by 3.0% in the 4th quarter. Swiss National Bank now owns 44,838 shares of the financial services provider’s stock valued at $1,171,000 after purchasing an additional 1,300 shares during the last quarter. Cornerstone Investment Partners LLC acquired a new stake in Tristate Capital in the 4th quarter valued at approximately $250,000. Finally, SG Americas Securities LLC increased its holdings in Tristate Capital by 7.4% in the 4th quarter. SG Americas Securities LLC now owns 31,925 shares of the financial services provider’s stock valued at $834,000 after purchasing an additional 2,201 shares during the last quarter. Institutional investors and hedge funds own 69.47% of the company’s stock.

TSC has been the subject of several research reports. BidaskClub downgraded shares of Tristate Capital from a “sell” rating to a “strong sell” rating in a report on Tuesday. DA Davidson restated a “buy” rating on shares of Tristate Capital in a research note on Friday, January 31st. Zacks Investment Research upgraded shares of Tristate Capital from a “sell” rating to a “hold” rating in a research note on Tuesday, February 4th. Keefe, Bruyette & Woods downgraded shares of Tristate Capital from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $27.00 to $25.00 in a research note on Thursday, January 30th. Finally, B. Riley boosted their price target on shares of Tristate Capital from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Thursday, January 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. Tristate Capital presently has a consensus rating of “Hold” and a consensus price target of $26.00.

Shares of NASDAQ:TSC traded up $0.20 during trading on Friday, hitting $23.07. The company’s stock had a trading volume of 8,370 shares, compared to its average volume of 148,043. The business has a 50 day moving average price of $24.67 and a two-hundred day moving average price of $22.86. The company has a market capitalization of $673.87 million, a PE ratio of 12.18 and a beta of 1.08. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.03 and a current ratio of 1.03. Tristate Capital Holdings Inc has a fifty-two week low of $18.95 and a fifty-two week high of $26.43.

Tristate Capital (NASDAQ:TSC) last posted its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.01. The business had revenue of $46.56 million during the quarter, compared to the consensus estimate of $46.51 million. Tristate Capital had a net margin of 19.09% and a return on equity of 12.90%. As a group, equities analysts expect that Tristate Capital Holdings Inc will post 1.89 earnings per share for the current fiscal year.

Tristate Capital Profile

TriState Capital Holdings, Inc operates as the bank holding company for TriState Capital Bank that provides various commercial and private banking services to middle-market businesses and high-net-worth individuals in the United States. It operates in two segments, Bank and Investment Management. The company's deposit products include checking accounts, money market deposit accounts, and certificates of deposit, as well as promontory's certificate of deposit account registry services and insured cash sweep services.

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Institutional Ownership by Quarter for Tristate Capital (NASDAQ:TSC)

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