TriState Capital Holdings, Inc. (NASDAQ:TSC) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Saturday.

A number of other brokerages have also recently commented on TSC. Zacks Investment Research cut TriState Capital Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. ValuEngine upgraded TriState Capital Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, July 20th. Maxim Group upped 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, Stephens restated a “buy” rating and issued a $30.00 price target on shares of TriState Capital Holdings in a research report on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. TriState Capital Holdings currently has a consensus rating of “Hold” and a consensus target price of $28.50.

TriState Capital Holdings (NASDAQ TSC) opened at 21.45 on Friday. TriState Capital Holdings has a 1-year low of $14.10 and a 1-year high of $26.30. The company has a market cap of $614.86 million, a P/E ratio of 19.34 and a beta of 0.28. The stock’s 50 day moving average price is $23.89 and its 200 day moving average price is $23.76.

TriState Capital Holdings (NASDAQ:TSC) last posted its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The company had revenue of $33.75 million during the quarter, compared to analysts’ expectations of $35.27 million. TriState Capital Holdings had a return on equity of 8.98% and a net margin of 19.80%. On average, equities analysts anticipate that TriState Capital Holdings will post $1.19 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “TriState Capital Holdings, Inc. (NASDAQ:TSC) Downgraded by BidaskClub to Strong Sell” was originally reported by American Banking News and is the property of of American Banking News. If you are reading this news story on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The original version of this news story can be read at https://www.americanbankingnews.com/2017/08/12/tristate-capital-holdings-inc-nasdaqtsc-downgraded-by-bidaskclub-to-strong-sell.html.

In other news, Chairman James F. Getz sold 20,000 shares of the company’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $25.06, for a total value of $501,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian S. Fetterolf acquired 3,250 shares of the company’s stock in a transaction dated Friday, August 11th. The stock was acquired at an average cost of $21.83 per share, with a total value of $70,947.50. Following the purchase, the insider now owns 85,090 shares of the company’s stock, valued at $1,857,514.70. The disclosure for this purchase can be found here. Corporate insiders own 23.40% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in TriState Capital Holdings by 11.0% in the second quarter. Dimensional Fund Advisors LP now owns 768,048 shares of the financial services provider’s stock worth $19,355,000 after buying an additional 76,080 shares during the period. Parametric Portfolio Associates LLC raised its position in TriState Capital Holdings by 51.7% in the second quarter. Parametric Portfolio Associates LLC now owns 13,495 shares of the financial services provider’s stock worth $340,000 after buying an additional 4,601 shares during the period. California Public Employees Retirement System raised its position in TriState Capital Holdings by 4.9% in the second quarter. California Public Employees Retirement System now owns 19,300 shares of the financial services provider’s stock worth $486,000 after buying an additional 900 shares during the period. Vanguard Group Inc. raised its position in TriState Capital Holdings by 7.8% in the second quarter. Vanguard Group Inc. now owns 951,859 shares of the financial services provider’s stock worth $23,987,000 after buying an additional 69,071 shares during the period. Finally, Northern Trust Corp raised its position in TriState Capital Holdings by 7.6% in the second quarter. Northern Trust Corp now owns 249,241 shares of the financial services provider’s stock worth $6,280,000 after buying an additional 17,711 shares during the period. 57.65% of the stock is owned by hedge funds and other institutional investors.

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, LLC (Chartwell), an investment advisor, and Chartwell TSC Securities Corp. (CTSC Securities). The Company operates through two segments: Bank and Investment Management.

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.