Emerald Acquisition Ltd. acquired a new stake in shares of TriState Capital Holdings Inc. (NASDAQ:TSC) during the second quarter, Holdings Channel reports. The firm acquired 43,972 shares of the financial services provider’s stock, valued at approximately $603,000. Emerald Acquisition Ltd. owned about 0.16% of TriState Capital Holdings as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of TSC. Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of TriState Capital Holdings by 4.7% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 10,535 shares of the financial services provider’s stock worth $133,000 after buying an additional 475 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of TriState Capital Holdings during the second quarter worth about $150,000. California State Teachers Retirement System raised its stake in shares of TriState Capital Holdings by 2.1% in the second quarter. California State Teachers Retirement System now owns 45,994 shares of the financial services provider’s stock worth $631,000 after buying an additional 952 shares in the last quarter. Finally, Royce & Associates LP raised its stake in shares of TriState Capital Holdings by 2.2% in the first quarter. Royce & Associates LP now owns 511,552 shares of the financial services provider’s stock worth $6,446,000 after buying an additional 10,900 shares in the last quarter. 56.86% of the stock is owned by institutional investors and hedge funds.
Shares of TriState Capital Holdings Inc. (NASDAQ:TSC) traded up 0.49% during trading on Monday, hitting $16.35. The stock had a trading volume of 4,850 shares. The stock’s 50-day moving average is $15.71 and its 200-day moving average is $14.02. The stock has a market cap of $461.32 million, a price-to-earnings ratio of 18.79 and a beta of 0.24. TriState Capital Holdings Inc. has a 12-month low of $10.77 and a 12-month high of $16.56.
TriState Capital Holdings (NASDAQ:TSC) last posted its earnings results on Wednesday, July 20th. The financial services provider reported $0.24 EPS for the quarter, beating the consensus estimate of $0.22 by $0.02. TriState Capital Holdings had a return on equity of 7.40% and a net margin of 19.08%. On average, equities research analysts expect that TriState Capital Holdings Inc. will post $0.94 EPS for the current year.
A number of equities research analysts have weighed in on the company. Zacks Investment Research raised TriState Capital Holdings from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research report on Wednesday, July 27th. Maxim Group lifted their price target on TriState Capital Holdings from $16.00 to $17.00 and gave the company a “buy” rating in a report on Friday, July 22nd. Finally, Boenning Scattergood began coverage on TriState Capital Holdings in a report on Wednesday, October 5th. They issued a “neutral” rating on the stock. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. TriState Capital Holdings currently has an average rating of “Buy” and a consensus price target of $16.13.
In other TriState Capital Holdings news, Chairman James F. Getz sold 75,000 shares of the firm’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $15.25, for a total transaction of $1,143,750.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Richard A. Zappala sold 5,000 shares of the firm’s stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of $15.57, for a total value of $77,850.00. Following the transaction, the director now directly owns 124,980 shares in the company, valued at approximately $1,945,938.60. The disclosure for this sale can be found here. 23.50% of the stock is owned by corporate insiders.
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, Inc (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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