Fairview Capital Investment Management LLC maintained its position in TriState Capital Holdings, Inc. (NASDAQ:TSC) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,000 shares of the financial services provider’s stock at the end of the second quarter. Fairview Capital Investment Management LLC’s holdings in TriState Capital Holdings were worth $252,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Sheets Smith Wealth Management grew its holdings in 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 during the period. Bank of America Corp DE raised its position in shares of TriState Capital Holdings by 1.3% in 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 raised its position in shares of TriState Capital Holdings by 1.5% in 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. California Public Employees Retirement System raised its position in shares of TriState Capital Holdings by 4.9% in the 2nd quarter. California Public Employees Retirement System now owns 19,300 shares of the financial services provider’s stock worth $486,000 after acquiring an additional 900 shares in the last quarter. Finally, American International Group Inc. raised its position in shares of TriState Capital Holdings by 7.2% in 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. Institutional investors and hedge funds own 59.83% of the company’s stock.

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

A number of research analysts have recently issued reports on TSC shares. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $28.00 price objective on shares of TriState Capital Holdings in a research note on Tuesday, August 22nd. ValuEngine raised TriState Capital Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, July 20th. Stephens reiterated a “buy” rating and issued a $30.00 target price on shares of TriState Capital Holdings in a report on Thursday, July 20th. Zacks Investment Research upgraded TriState Capital Holdings from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a report on Thursday, June 22nd. Finally, BidaskClub lowered TriState Capital Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $28.40.

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TriState Capital Holdings, Inc. (NASDAQ:TSC) traded down 0.65% during midday trading on Tuesday, reaching $23.00. 10,085 shares of the company’s stock traded hands. The stock has a market cap of $659.30 million, a P/E ratio of 20.74 and a beta of 0.32. TriState Capital Holdings, Inc. has a 52-week low of $15.46 and a 52-week high of $26.30. The company’s 50-day moving average price is $21.47 and its 200-day moving average price is $23.33.

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

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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Institutional Ownership by Quarter for TriState Capital Holdings (NASDAQ:TSC)

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