Swiss National Bank maintained its position in shares of TriState Capital Holdings Inc. (NASDAQ:TSC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,338 shares of the financial services provider’s stock at the end of the second quarter. Swiss National Bank owned 0.11% of TriState Capital Holdings worth $417,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Los Angeles Capital Management & Equity Research Inc. raised its position 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 valued at $133,000 after buying an additional 475 shares in the last quarter. California State Teachers Retirement System raised its position in 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 during the period. Bank of Montreal Can bought a new position in TriState Capital Holdings during the second quarter worth about $150,000. Finally, Royce & Associates LP raised its position in 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 during the period. 56.86% of the stock is owned by institutional investors and hedge funds.
TriState Capital Holdings Inc. (NASDAQ:TSC) remained flat at $16.50 during mid-day trading on Wednesday. The stock had a trading volume of 27,777 shares. The stock has a market capitalization of $465.55 million, a PE ratio of 18.97 and a beta of 0.24. The stock has a 50 day moving average of $15.79 and a 200 day moving average of $14.10. TriState Capital Holdings Inc. has a 52-week low of $10.77 and a 52-week high of $16.60.
A number of analysts have weighed in on TSC shares. Boenning Scattergood started coverage on TriState Capital Holdings in a research note on Wednesday, October 5th. They issued a “neutral” rating on the stock. Zacks Investment Research cut TriState Capital Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, September 22nd. Finally, Maxim Group raised their price target on TriState Capital Holdings from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, July 22nd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus 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 that occurred on Wednesday, September 7th. The shares were sold at an average price of $15.25, for a total value 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 that occurred on Thursday, September 8th. The shares were sold at an average price of $15.57, for a total transaction of $77,850.00. Following the completion of the sale, the director now owns 124,980 shares in the company, valued at approximately $1,945,938.60. The disclosure for this sale can be found here. Corporate insiders own 23.50% of the company’s stock.
About TriState Capital Holdings
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.
Want to see what other hedge funds are holding TSC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TriState Capital Holdings Inc. (NASDAQ:TSC).
Receive News & Ratings for TriState Capital Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TriState Capital Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.