Rhumbline Advisers lowered its stake in TriState Capital Holdings, Inc. (NASDAQ:TSC) by 5.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,292 shares of the financial services provider’s stock after selling 1,525 shares during the period. Rhumbline Advisers owned approximately 0.09% of TriState Capital Holdings worth $637,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Emerald Advisers Inc. PA grew its position in TriState Capital Holdings by 20.3% in the second quarter. Emerald Advisers Inc. PA now owns 14,306 shares of the financial services provider’s stock worth $361,000 after acquiring an additional 2,412 shares in the last quarter. Berkshire Asset Management LLC PA grew its position in TriState Capital Holdings by 41.7% in the second quarter. Berkshire Asset Management LLC PA now owns 15,431 shares of the financial services provider’s stock worth $389,000 after acquiring an additional 4,539 shares in the last quarter. Swiss National Bank grew its position in TriState Capital Holdings by 5.4% in the first quarter. Swiss National Bank now owns 37,238 shares of the financial services provider’s stock worth $870,000 after acquiring an additional 1,900 shares in the last quarter. Royce & Associates LP grew its position in TriState Capital Holdings by 5.7% in the first quarter. Royce & Associates LP now owns 613,409 shares of the financial services provider’s stock worth $14,323,000 after acquiring an additional 32,900 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in TriState Capital Holdings by 9.4% in the first quarter. Geode Capital Management LLC now owns 189,393 shares of the financial services provider’s stock worth $4,422,000 after acquiring an additional 16,265 shares in the last quarter. Institutional investors own 59.83% of the company’s stock.

In other news, insider Brian S. Fetterolf purchased 3,250 shares of the business’s stock in a transaction dated Friday, August 11th. The stock was acquired at an average price of $21.83 per share, for a total transaction of $70,947.50. Following 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 can be accessed through this link. Also, insider Brian S. Fetterolf purchased 1,560 shares of the business’s stock in a transaction dated Thursday, August 17th. The shares were purchased at an average price of $21.54 per share, with a total value of $33,602.40. Following the acquisition, the insider now directly owns 85,090 shares in the company, valued at $1,832,838.60. The disclosure for this purchase can be found here. 23.40% of the stock is owned by company insiders.

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TriState Capital Holdings, Inc. (NASDAQ TSC) opened at 22.90 on Friday. The stock has a market cap of $656.43 million, a price-to-earnings ratio of 20.65 and a beta of 0.30. The firm’s 50 day moving average price is $21.47 and its 200 day moving average price is $23.40. TriState Capital Holdings, Inc. has a 12 month low of $15.46 and a 12 month high of $26.30.

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

Several research firms recently commented on TSC. BidaskClub upgraded TriState Capital Holdings from a “sell” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research lowered TriState Capital Holdings from a “hold” rating to a “sell” rating in a research report 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 report on Tuesday, August 22nd. ValuEngine upgraded TriState Capital Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, July 20th. Finally, Stephens restated a “buy” rating and set a $30.00 target price on shares of TriState Capital Holdings in a research report on Thursday, July 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $28.40.

TriState Capital Holdings Profile

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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