Brandywine Global Investment Management LLC reduced its holdings in shares of TriState Capital Holdings, Inc. (NASDAQ:TSC) by 44.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 131,597 shares of the financial services provider’s stock after selling 105,465 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.46% of TriState Capital Holdings worth $3,317,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of TSC. Bank of America Corp DE grew its position in TriState Capital Holdings by 1.3% during the 1st quarter. Bank of America Corp DE now owns 5,140 shares of the financial services provider’s stock worth $120,000 after purchasing an additional 67 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new position in TriState Capital Holdings during the 1st quarter worth $207,000. Alliancebernstein L.P. purchased a new position in TriState Capital Holdings during the 1st quarter worth $219,000. Stratos Wealth Partners LTD. purchased a new position in TriState Capital Holdings during the 2nd quarter worth $255,000. Finally, Voya Investment Management LLC purchased a new position in TriState Capital Holdings during the 2nd quarter worth $271,000. 59.83% of the stock is currently owned by institutional investors.

Several analysts have recently weighed in on TSC shares. Zacks Investment Research downgraded shares of TriState Capital Holdings from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $28.00 target price on shares of TriState Capital Holdings in a report on Tuesday, August 22nd. Stephens reaffirmed a “buy” rating and issued a $30.00 target price on shares of TriState Capital Holdings in a report on Thursday, July 20th. BidaskClub downgraded shares of TriState Capital Holdings from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Finally, ValuEngine downgraded shares of TriState Capital Holdings from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $28.75.

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

Shares of TriState Capital Holdings, Inc. (NASDAQ TSC) opened at 23.00 on Friday. The stock has a 50 day moving average of $21.59 and a 200 day moving average of $23.31. TriState Capital Holdings, Inc. has a one year low of $15.90 and a one year high of $26.30. The stock has a market cap of $659.30 million, a P/E ratio of 20.74 and a beta of 0.32.

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

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TriState Capital Holdings Company 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.

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

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