California Public Employees Retirement System grew its position in TriState Capital Holdings, Inc. (NASDAQ:TSC) by 4.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 19,300 shares of the financial services provider’s stock after buying an additional 900 shares during the period. California Public Employees Retirement System owned 0.07% of TriState Capital Holdings worth $486,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE increased its stake 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 valued at $120,000 after buying an additional 67 shares during the period. Alliancebernstein L.P. acquired a new stake in shares of TriState Capital Holdings in the 1st quarter valued at $219,000. Stratos Wealth Partners LTD. acquired a new stake in shares of TriState Capital Holdings in the 2nd quarter valued at $255,000. Principal Financial Group Inc. acquired a new stake in shares of TriState Capital Holdings in the 2nd quarter valued at $278,000. Finally, Emerald Advisers Inc. PA increased its stake in shares of TriState Capital Holdings by 20.3% in the 2nd quarter. Emerald Advisers Inc. PA now owns 14,306 shares of the financial services provider’s stock valued at $361,000 after buying an additional 2,412 shares during the period. 62.19% of the stock is owned by institutional investors.

Several equities research analysts have recently commented on TSC shares. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $28.00 target price on shares of TriState Capital Holdings in a research note on Tuesday, August 22nd. Zacks Investment Research cut TriState Capital Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. ValuEngine cut TriState Capital Holdings from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, BidaskClub raised TriState Capital Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. One 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’s stock. TriState Capital Holdings currently has a consensus rating of “Hold” and a consensus price target of $28.75.

Shares of TriState Capital Holdings, Inc. (TSC) opened at $23.30 on Wednesday. The company has a market capitalization of $664.51, a price-to-earnings ratio of 19.83, a PEG ratio of 1.89 and a beta of 0.31. TriState Capital Holdings, Inc. has a 52 week low of $18.85 and a 52 week high of $26.30. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.06 and a quick ratio of 1.06.

TriState Capital Holdings (NASDAQ:TSC) last announced its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. TriState Capital Holdings had a return on equity of 9.21% and a net margin of 19.58%. The business had revenue of $35.31 million during the quarter, compared to analysts’ expectations of $36.41 million. sell-side analysts predict that TriState Capital Holdings, Inc. will post 1.23 earnings per share for the current fiscal year.

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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.

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

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