Private Advisor Group LLC maintained its stake in TriState Capital Holdings Inc. (NASDAQ:TSC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,007 shares of the financial services provider’s stock at the end of the second quarter. Private Advisor Group LLC owned about 0.05% of TriState Capital Holdings worth $200,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Los Angeles Capital Management & Equity Research Inc. raised its stake in 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 during the period. Bank of Montreal Can bought a new stake in TriState Capital Holdings during the second quarter worth about $150,000. Goldman Sachs Group Inc. raised its stake in TriState Capital Holdings by 15.9% in the first quarter. Goldman Sachs Group Inc. now owns 11,728 shares of the financial services provider’s stock worth $148,000 after buying an additional 1,609 shares during the period. Mesirow Financial Investment Management US Value Equity bought a new stake in TriState Capital Holdings during the first quarter worth about $202,000. Finally, Mesirow Financial Investment Management Equity Management raised its stake in TriState Capital Holdings by 23.4% in the second quarter. Mesirow Financial Investment Management Equity Management now owns 19,814 shares of the financial services provider’s stock worth $272,000 after buying an additional 3,756 shares during the period. Institutional investors own 56.86% of the company’s stock.
Shares of TriState Capital Holdings Inc. (NASDAQ:TSC) traded down 0.80% on Monday, reaching $16.07. The company had a trading volume of 1,399 shares. The firm has a market capitalization of $453.42 million, a price-to-earnings ratio of 18.47 and a beta of 0.26. TriState Capital Holdings Inc. has a 1-year low of $10.77 and a 1-year high of $16.28. The firm has a 50-day moving average price of $15.04 and a 200 day moving average price of $13.67.
TriState Capital Holdings (NASDAQ:TSC) last posted its quarterly earnings results on Wednesday, July 20th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.02. TriState Capital Holdings had a net margin of 19.08% and a return on equity of 7.40%. Equities research analysts predict that TriState Capital Holdings Inc. will post $0.94 earnings per share for the current year.
A number of research firms have recently issued reports on TSC. Zacks Investment Research lowered TriState Capital Holdings from a “buy” rating to a “hold” rating in a research report on Thursday. Maxim Group increased their price objective on TriState Capital Holdings from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, July 22nd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. TriState Capital Holdings has a consensus rating of “Buy” and a consensus price target of $16.13.
In other TriState Capital Holdings news, Director Richard A. Zappala sold 5,000 shares of TriState Capital Holdings stock in a transaction that occurred on Thursday, September 8th. The shares were sold at an average price of $15.57, for a total value of $77,850.00. Following the completion of the sale, the director now directly owns 124,980 shares of the company’s stock, valued at approximately $1,945,938.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman James F. Getz sold 75,000 shares of TriState Capital Holdings stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $15.25, for a total transaction of $1,143,750.00. The disclosure for this sale can be found here. Corporate insiders own 23.50% 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, 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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