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

Several other research firms have also weighed in on TSC. ValuEngine upgraded shares of TriState Capital Holdings from a hold rating to a buy rating in a research note on Friday, June 2nd. Zacks Investment Research raised shares of TriState Capital Holdings from a hold rating to a buy rating and set a $27.00 target price for the company in a research note on Thursday, June 22nd. Stephens reissued a buy rating and set a $30.00 target price on shares of TriState Capital Holdings in a research note on Thursday, July 20th. Finally, Keefe, Bruyette & Woods restated a buy rating and set a $28.00 price target on shares of TriState Capital Holdings in a report on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. TriState Capital Holdings has a consensus rating of Buy and a consensus target price of $28.40.

Shares of TriState Capital Holdings (NASDAQ TSC) opened at 22.90 on Thursday. The firm’s 50-day moving average price is $21.47 and its 200 day moving average price is $23.40. TriState Capital Holdings has a 52 week low of $15.46 and a 52 week high of $26.30. The firm has a market capitalization of $656.43 million, a price-to-earnings ratio of 20.65 and a beta of 0.32.

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, topping 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 net margin of 19.80% and a return on equity of 8.98%. On average, analysts anticipate that TriState Capital Holdings will post $1.19 EPS for the current year.

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In other TriState Capital Holdings news, insider Brian S. Fetterolf acquired 1,560 shares of TriState Capital Holdings stock in a transaction that occurred on Thursday, August 17th. The stock was acquired at an average price of $21.54 per share, with a total value of $33,602.40. Following the purchase, the insider now owns 85,090 shares in the company, valued at $1,832,838.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brian S. Fetterolf acquired 3,250 shares of TriState Capital Holdings stock in a transaction that occurred on Friday, August 11th. The stock was acquired at an average cost of $21.83 per share, with a total value of $70,947.50. Following the purchase, the insider now owns 85,090 shares in the company, valued at approximately $1,857,514.70. The disclosure for this purchase can be found here. Insiders own 23.40% of the company’s stock.

A number of large investors have recently modified their holdings of TSC. Sheets Smith Wealth Management increased its position in TriState Capital Holdings by 0.5% during the second quarter. Sheets Smith Wealth Management now owns 12,257 shares of the financial services provider’s stock worth $309,000 after buying an additional 65 shares during the last quarter. Bank of America Corp DE raised its holdings in TriState Capital Holdings by 1.3% during 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. Private Advisor Group LLC raised its holdings in TriState Capital Holdings by 1.5% during the second quarter. Private Advisor Group LLC now owns 15,239 shares of the financial services provider’s stock valued at $384,000 after buying an additional 232 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in TriState Capital Holdings by 3.4% during the second quarter. The Manufacturers Life Insurance Company now owns 18,057 shares of the financial services provider’s stock valued at $454,000 after buying an additional 596 shares in the last quarter. Finally, California Public Employees Retirement System lifted its position in shares of TriState Capital Holdings by 4.9% in the second quarter. California Public Employees Retirement System now owns 19,300 shares of the financial services provider’s stock worth $486,000 after buying an additional 900 shares during the last quarter. Hedge funds and other institutional investors own 59.83% 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.

Analyst Recommendations for TriState Capital Holdings (NASDAQ:TSC)

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