Several brokerages have updated their recommendations and price targets on shares of TriState Capital Holdings (NASDAQ: TSC) in the last few weeks:

  • 10/2/2017 – TriState Capital Holdings was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 9/28/2017 – TriState Capital Holdings was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 9/20/2017 – TriState Capital Holdings was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 9/20/2017 – TriState Capital Holdings was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 8/22/2017 – TriState Capital Holdings had its “buy” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $28.00 price target on the stock.
  • 8/12/2017 – TriState Capital Holdings was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.

Shares of TriState Capital Holdings, Inc. (NASDAQ TSC) traded up 0.88% during midday trading on Friday, hitting $22.95. 25,745 shares of the company’s stock were exchanged. The firm has a market cap of $657.86 million, a PE ratio of 20.69 and a beta of 0.32. The stock’s 50-day moving average price is $21.54 and its 200 day moving average price is $23.31. TriState Capital Holdings, Inc. has a one year low of $15.90 and a one year high of $26.30.

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, topping analysts’ consensus estimates of $0.28 by $0.01. The company had revenue of $33.75 million for the quarter, compared to analyst estimates of $35.27 million. TriState Capital Holdings had a return on equity of 8.98% and a net margin of 19.80%. Equities research analysts forecast that TriState Capital Holdings, Inc. will post $1.19 EPS for the current year.

In related news, insider Brian S. Fetterolf bought 1,560 shares of the business’s stock in a transaction on Thursday, August 17th. The shares were purchased at an average price of $21.54 per share, with a total value of $33,602.40. Following the completion of the purchase, the insider now owns 85,090 shares of the company’s stock, valued at approximately $1,832,838.60. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Brian S. Fetterolf bought 3,250 shares of the business’s stock in a transaction on Friday, August 11th. The stock was bought at an average cost of $21.83 per share, for a total transaction of $70,947.50. Following the purchase, the insider now directly owns 85,090 shares of the company’s stock, valued at approximately $1,857,514.70. The disclosure for this purchase can be found here. Corporate insiders own 23.40% of the company’s stock.

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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