TriState Capital Holdings, Inc. (NASDAQ:TSC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Thursday. The brokerage presently has a $27.00 price target on the financial services provider’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 11.80% from the stock’s current price.

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. “

Several other equities research analysts also recently weighed in on TSC. ValuEngine raised TriState Capital Holdings from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Maxim Group increased their price target on TriState Capital Holdings from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, April 21st. Finally, DA Davidson assumed coverage on TriState Capital Holdings in a research report on Monday, March 6th. They set a “buy” rating and a $29.00 price target on the stock. They noted that the move was a valuation call. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $28.00.

Shares of TriState Capital Holdings (NASDAQ TSC) opened at 24.15 on Thursday. The company has a market cap of $693.85 million, a price-to-earnings ratio of 22.78 and a beta of 0.32. The firm’s 50-day moving average price is $24.42 and its 200 day moving average price is $23.20. TriState Capital Holdings has a 12-month low of $12.81 and a 12-month high of $26.30.

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In other news, Chairman James F. Getz sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $25.06, for a total transaction of $501,200.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO James F. Getz sold 15,000 shares of the firm’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $25.00, for a total value of $375,000.00. The disclosure for this sale can be found here. 23.50% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the stock. Bank of America Corp DE raised its position in shares of TriState Capital Holdings by 1.3% in the first quarter. Bank of America Corp DE now owns 5,140 shares of the financial services provider’s stock worth $120,000 after buying an additional 67 shares in the last quarter. American International Group Inc. raised its position in shares of TriState Capital Holdings by 7.2% in the first quarter. American International Group Inc. now owns 13,513 shares of the financial services provider’s stock worth $316,000 after buying an additional 902 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of TriState Capital Holdings by 4.7% in the first quarter. Goldman Sachs Group Inc. now owns 37,412 shares of the financial services provider’s stock worth $873,000 after buying an additional 1,684 shares in the last quarter. Swiss National Bank raised its position in shares of TriState Capital Holdings by 5.4% in the first quarter. Swiss National Bank now owns 37,238 shares of the financial services provider’s stock worth $870,000 after buying an additional 1,900 shares in the last quarter. Finally, Teachers Advisors LLC raised its position in shares of TriState Capital Holdings by 4.6% in the fourth quarter. Teachers Advisors LLC now owns 44,393 shares of the financial services provider’s stock worth $981,000 after buying an additional 1,932 shares in the last quarter. Hedge funds and other institutional investors own 57.02% 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, LLC (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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