TriState Capital Holdings, Inc. (TSC) Receives Average Rating of “Hold” from Analysts

Shares of TriState Capital Holdings, Inc. (NASDAQ:TSC) have earned an average recommendation of “Hold” from the seven ratings firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $28.75.

Several equities research analysts have weighed in on the company. ValuEngine cut TriState Capital Holdings from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. BidaskClub upgraded TriState Capital Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. Zacks Investment Research cut TriState Capital Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, September 20th. Keefe, Bruyette & Woods restated a “buy” rating and set a $28.00 target price on shares of TriState Capital Holdings in a research note on Tuesday, August 22nd. Finally, 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.

Shares of TriState Capital Holdings (NASDAQ TSC) opened at $23.30 on Wednesday. The stock has a market capitalization of $667.37, a P/E ratio of 19.40, a P/E/G ratio of 1.85 and a beta of 0.31. TriState Capital Holdings has a 12-month low of $18.65 and a 12-month high of $26.30. 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 issued its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.05. The business had revenue of $35.31 million for the quarter, compared to the consensus estimate of $36.41 million. TriState Capital Holdings had a return on equity of 9.21% and a net margin of 19.58%. analysts forecast that TriState Capital Holdings will post 1.23 EPS for the current fiscal year.

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In other TriState Capital Holdings news, insider Brian S. Fetterolf bought 1,560 shares of the business’s stock in a transaction on Thursday, August 17th. The stock was purchased at an average cost of $21.54 per share, for a total transaction of $33,602.40. Following the completion of the purchase, the insider now directly owns 85,090 shares of the company’s stock, valued at $1,832,838.60. The acquisition was disclosed in a filing with the SEC, which is available at this link. 23.40% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vident Investment Advisory LLC bought a new position in shares of TriState Capital Holdings in the 3rd quarter valued at $267,000. Castine Capital Management LLC lifted its stake in shares of TriState Capital Holdings by 9.7% in the 3rd quarter. Castine Capital Management LLC now owns 235,789 shares of the financial services provider’s stock valued at $5,399,000 after acquiring an additional 20,835 shares during the last quarter. Elk Creek Partners LLC lifted its stake in shares of TriState Capital Holdings by 21.6% in the 3rd quarter. Elk Creek Partners LLC now owns 328,026 shares of the financial services provider’s stock valued at $7,512,000 after acquiring an additional 58,320 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of TriState Capital Holdings by 13.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 872,391 shares of the financial services provider’s stock valued at $19,978,000 after acquiring an additional 104,343 shares during the last quarter. Finally, Brown Advisory Inc. lifted its stake in shares of TriState Capital Holdings by 48.7% in the 3rd quarter. Brown Advisory Inc. now owns 460,691 shares of the financial services provider’s stock valued at $10,550,000 after acquiring an additional 150,954 shares during the last quarter. Institutional investors own 60.60% of the company’s stock.

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.

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