Schwab Charles Investment Management Inc. decreased its stake in TriState Capital Holdings, Inc. (NASDAQ:TSC) by 3.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,200 shares of the financial services provider’s stock after selling 1,800 shares during the period. Schwab Charles Investment Management Inc. owned about 0.18% of TriState Capital Holdings worth $1,219,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of TSC. Los Angeles Capital Management & Equity Research Inc. bought a new stake in TriState Capital Holdings during the first quarter worth $207,000. Alliancebernstein L.P. bought a new stake in TriState Capital Holdings during the first quarter worth $219,000. Janney Montgomery Scott LLC bought a new stake in TriState Capital Holdings during the first quarter worth $234,000. Vident Investment Advisory LLC bought a new stake in TriState Capital Holdings during the first quarter worth $299,000. Finally, American International Group Inc. raised its stake in TriState Capital Holdings by 7.2% in the first quarter. American International Group Inc. now owns 13,513 shares of the financial services provider’s stock worth $316,000 after buying an additional 902 shares during the period. 59.83% of the stock is owned by hedge funds and other institutional investors.

TriState Capital Holdings, Inc. (NASDAQ:TSC) traded up 0.48% during midday trading on Wednesday, hitting $20.85. The stock had a trading volume of 22,260 shares. The stock’s 50-day moving average is $22.98 and its 200-day moving average is $23.70. TriState Capital Holdings, Inc. has a 1-year low of $14.11 and a 1-year high of $26.30. The company has a market capitalization of $597.67 million, a PE ratio of 18.80 and a beta of 0.28.

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 for the quarter, beating the consensus estimate of $0.28 by $0.01. TriState Capital Holdings had a net margin of 19.80% and a return on equity of 8.98%. The business had revenue of $33.75 million during the quarter, compared to analysts’ expectations of $35.27 million. Equities research analysts forecast that TriState Capital Holdings, Inc. will post $1.19 EPS for the current year.

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A number of equities research analysts have recently weighed in on the company. BidaskClub lowered TriState Capital Holdings from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. 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. ValuEngine raised TriState Capital Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, July 20th. Zacks Investment Research lowered TriState Capital Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, Stephens reissued a “buy” rating and issued a $30.00 target price on shares of TriState Capital Holdings in a research note on Thursday, July 20th. One equities 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. TriState Capital Holdings has an average rating of “Buy” and a consensus target price of $28.40.

In related news, insider Brian S. Fetterolf acquired 1,560 shares of the firm’s stock in a transaction dated Thursday, August 17th. The shares were purchased at an average cost 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 purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO James F. Getz sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $25.00, for a total transaction of $375,000.00. The disclosure for this sale can be found here. Corporate insiders own 23.40% of the company’s stock.

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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