Fuller & Thaler Asset Management Inc. raised its position in Tristate Capital Holdings Inc (NASDAQ:TSC) by 37.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 243,862 shares of the financial services provider’s stock after buying an additional 67,062 shares during the quarter. Fuller & Thaler Asset Management Inc. owned about 0.84% of Tristate Capital worth $6,365,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. grew its position in shares of Tristate Capital by 41.9% in the first quarter. BlackRock Inc. now owns 1,847,540 shares of the financial services provider’s stock valued at $42,954,000 after purchasing an additional 545,224 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Tristate Capital by 14.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,069,693 shares of the financial services provider’s stock valued at $24,870,000 after purchasing an additional 138,565 shares in the last quarter. Emerald Mutual Fund Advisers Trust grew its position in shares of Tristate Capital by 48.7% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 534,184 shares of the financial services provider’s stock valued at $13,942,000 after purchasing an additional 175,000 shares in the last quarter. Millennium Management LLC grew its position in shares of Tristate Capital by 1,932.5% in the first quarter. Millennium Management LLC now owns 365,953 shares of the financial services provider’s stock valued at $8,508,000 after purchasing an additional 347,948 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Tristate Capital by 20.1% in the second quarter. Bank of New York Mellon Corp now owns 341,371 shares of the financial services provider’s stock valued at $8,910,000 after purchasing an additional 57,069 shares in the last quarter. Hedge funds and other institutional investors own 60.77% of the company’s stock.

Tristate Capital stock opened at $29.35 on Monday. Tristate Capital Holdings Inc has a 52 week low of $20.30 and a 52 week high of $30.10. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market cap of $846.77 million, a P/E ratio of 23.67, a price-to-earnings-growth ratio of 1.42 and a beta of 0.48.

Tristate Capital (NASDAQ:TSC) last posted its earnings results on Wednesday, July 18th. The financial services provider reported $0.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.03. Tristate Capital had a return on equity of 10.73% and a net margin of 22.41%. The business had revenue of $41.29 million during the quarter, compared to analysts’ expectations of $40.72 million. equities research analysts predict that Tristate Capital Holdings Inc will post 1.72 earnings per share for the current fiscal year.

In other Tristate Capital news, CFO David J. Demas bought 998 shares of Tristate Capital stock in a transaction that occurred on Friday, May 25th. The stock was acquired at an average cost of $25.50 per share, for a total transaction of $25,449.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Lovell Minnick Partners Llc sold 2,200,000 shares of the business’s stock in a transaction dated Friday, May 25th. The stock was sold at an average price of $25.71, for a total value of $56,562,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 2,108 shares of company stock valued at $53,907. 23.70% of the stock is owned by company insiders.

Several brokerages have recently weighed in on TSC. ValuEngine upgraded Tristate Capital from a “hold” rating to a “buy” rating in a research report on Tuesday, July 24th. Zacks Investment Research upgraded Tristate Capital from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research report on Tuesday, July 24th. Maxim Group lifted their price target on Tristate Capital from $28.00 to $31.00 and gave the company a “buy” rating in a research report on Friday, July 20th. Keefe, Bruyette & Woods restated a “buy” rating and set a $35.00 target price on shares of Tristate Capital in a research report on Friday, July 20th. Finally, BidaskClub upgraded Tristate Capital from a “hold” rating to a “buy” rating in a research report on Friday, June 8th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $30.80.

About Tristate Capital

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. The company operates in two segments, Bank and Investment Management.

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

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