TriState Capital Holdings Inc. (NASDAQ:TSC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

According to Zacks, “Tristate Capital Holdings, Inc. is a bank holding company for TriState Capital Bank. The company provides commercial and private banking services to middle market businesses, professionals and high net worth individuals. It offers deposit products, commercial and industrial loans as well as cash management services which consist of online balance reporting, online bill payment, remote deposit, liquidity services, wire and ACH services, foreign exchange, controlled disbursement services and capital market services. Tristate Capital Holdings, Inc. is headquartered in Pittsburgh, Pennsylvania. “

Separately, Maxim Group increased their target price on shares of TriState Capital Holdings from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, July 22nd. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. TriState Capital Holdings presently has a consensus rating of “Buy” and a consensus price target of $16.13.

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Shares of TriState Capital Holdings (NASDAQ:TSC) opened at 15.62 on Thursday. TriState Capital Holdings has a one year low of $10.77 and a one year high of $15.98. The stock’s 50 day moving average is $14.93 and its 200-day moving average is $13.63. The stock has a market capitalization of $440.72 million, a price-to-earnings ratio of 17.95 and a beta of 0.26.

TriState Capital Holdings (NASDAQ:TSC) last released its earnings results on Wednesday, July 20th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, topping 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%. On average, equities research analysts predict that TriState Capital Holdings will post $0.94 EPS for the current fiscal year.

In other news, Chairman James F. Getz sold 75,000 shares of the firm’s stock in a transaction 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 available through this hyperlink. Also, Director Richard A. Zappala sold 5,000 shares of TriState Capital Holdings stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $15.57, for a total transaction of $77,850.00. Following the sale, the director now owns 124,980 shares in the company, valued at $1,945,938.60. The disclosure for this sale can be found here. 23.50% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in the company. Commonwealth Equity Services Inc raised its stake in shares of TriState Capital Holdings by 0.3% in the second quarter. Commonwealth Equity Services Inc now owns 28,090 shares of the financial services provider’s stock valued at $386,000 after buying an additional 94 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of TriState Capital Holdings by 0.4% in the second quarter. Prudential Financial Inc. now owns 22,940 shares of the financial services provider’s stock valued at $315,000 after buying an additional 100 shares in the last quarter. American International Group Inc. raised its stake in shares of TriState Capital Holdings by 1.3% in the second quarter. American International Group Inc. now owns 12,626 shares of the financial services provider’s stock valued at $173,000 after buying an additional 167 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of TriState Capital Holdings by 2.6% in the second quarter. Parametric Portfolio Associates LLC now owns 14,100 shares of the financial services provider’s stock valued at $194,000 after buying an additional 363 shares in the last quarter. Finally, 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 valued at $133,000 after buying an additional 475 shares in the last quarter. Hedge funds and other institutional investors own 56.86% 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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