BidaskClub lowered shares of TriState Capital Holdings, Inc. (NASDAQ:TSC) from a hold rating to a sell rating in a research report report published on Thursday morning.

Several other research analysts have also weighed in on TSC. ValuEngine upgraded TriState Capital Holdings from a hold rating to a buy rating in a research report on Thursday, July 20th. Zacks Investment Research lowered TriState Capital Holdings from a buy rating to a hold rating in a research report on Thursday. Stephens reiterated a buy rating and issued a $30.00 price objective on shares of TriState Capital Holdings in a research report on Thursday, July 20th. Finally, Maxim Group increased their price objective on TriState Capital Holdings from $25.00 to $28.00 and gave the stock a buy rating in a research report on Friday, April 21st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $28.50.

Shares of TriState Capital Holdings (NASDAQ:TSC) opened at 22.80 on Thursday. The company has a market capitalization of $653.56 million, a PE ratio of 20.56 and a beta of 0.31. TriState Capital Holdings has a 1-year low of $13.91 and a 1-year high of $26.30. The stock’s 50 day moving average price is $24.45 and its 200-day moving average price is $23.71.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The business had revenue of $33.75 million during the quarter, compared to analyst estimates of $35.27 million. TriState Capital Holdings had a return on equity of 9.09% and a net margin of 19.80%. On average, equities analysts predict that TriState Capital Holdings will post $1.19 EPS for the current year.

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In related news, Chairman James F. Getz sold 20,000 shares of the stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $25.06, for a total value of $501,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO James F. Getz sold 15,000 shares of the stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $25.00, for a total value of $375,000.00. The disclosure for this sale can be found here. Corporate insiders own 23.40% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE raised its position in TriState Capital Holdings by 1.3% in 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 buying an additional 67 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new position in TriState Capital Holdings during the first quarter valued at approximately $207,000. Alliancebernstein L.P. purchased a new position in TriState Capital Holdings during the first quarter valued at approximately $219,000. Janney Montgomery Scott LLC purchased a new position in TriState Capital Holdings during the first quarter valued at approximately $234,000. Finally, Berkshire Asset Management LLC PA purchased a new position in TriState Capital Holdings during the first quarter valued at approximately $254,000. Institutional investors own 57.11% 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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