Mutual of America Capital Management LLC boosted its stake in TriState Capital Holdings, Inc. (NASDAQ:TSC) by 38.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 171,414 shares of the financial services provider’s stock after purchasing an additional 47,400 shares during the period. Mutual of America Capital Management LLC owned approximately 0.60% of TriState Capital Holdings worth $3,925,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TSC. Bank of America Corp DE grew its stake in shares of TriState Capital Holdings by 1.3% during the first quarter. Bank of America Corp DE now owns 5,140 shares of the financial services provider’s stock valued at $120,000 after acquiring an additional 67 shares in the last quarter. Alliancebernstein L.P. acquired a new stake in shares of TriState Capital Holdings during the first quarter valued at about $219,000. 1st Global Advisors Inc. acquired a new stake in shares of TriState Capital Holdings during the second quarter valued at about $235,000. Stratos Wealth Partners LTD. acquired a new stake in shares of TriState Capital Holdings during the second quarter valued at about $255,000. Finally, Voya Investment Management LLC acquired a new stake in shares of TriState Capital Holdings during the second quarter valued at about $271,000. Hedge funds and other institutional investors own 59.83% of the company’s stock.

Shares of TriState Capital Holdings, Inc. (NASDAQ:TSC) opened at 22.80 on Friday. TriState Capital Holdings, Inc. has a 52 week low of $16.75 and a 52 week high of $26.30. The stock’s 50 day moving average price is $22.31 and its 200 day moving average price is $23.31. The firm has a market capitalization of $653.56 million, a P/E ratio of 20.56 and a beta of 0.32.

TriState Capital Holdings (NASDAQ:TSC) last announced its earnings results on Thursday, October 19th. The financial services provider reported $0.35 EPS for the quarter, topping the consensus estimate of $0.30 by $0.05. The firm had revenue of $35.31 million for the quarter, compared to the consensus estimate of $36.41 million. TriState Capital Holdings had a net margin of 19.58% and a return on equity of 9.32%. On average, analysts predict that TriState Capital Holdings, Inc. will post $1.23 EPS for the current fiscal year.

TSC has been the subject of several recent analyst reports. BidaskClub downgraded TriState Capital Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. 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. ValuEngine upgraded TriState Capital Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, July 20th. Zacks Investment Research downgraded TriState Capital Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. TriState Capital Holdings currently has a consensus rating of “Hold” and a consensus price target of $28.75.

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

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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.

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

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