TriState Capital Holdings, Inc. (NASDAQ:TSC) has been assigned a consensus rating of “Hold” from the seven ratings firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $28.75.

Several brokerages have commented on TSC. Stephens reaffirmed a “buy” rating and issued a $30.00 target price on shares of TriState Capital Holdings in a research note on Thursday, July 20th. BidaskClub downgraded shares of TriState Capital Holdings from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Zacks Investment Research downgraded shares of TriState Capital Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $28.00 target price on shares of TriState Capital Holdings in a research note on Tuesday, August 22nd. Finally, ValuEngine raised shares of TriState Capital Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, July 20th.

TriState Capital Holdings (NASDAQ TSC) opened at 22.95 on Friday. The firm has a market cap of $657.86 million, a price-to-earnings ratio of 20.69 and a beta of 0.32. The firm has a 50-day moving average of $22.18 and a 200 day moving average of $23.31. TriState Capital Holdings has a 52-week low of $16.75 and a 52-week high of $26.30.

TriState Capital Holdings (NASDAQ:TSC) last issued its earnings results on Thursday, October 19th. The financial services provider reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.05. TriState Capital Holdings had a net margin of 19.58% and a return on equity of 9.32%. The firm had revenue of $35.31 million during the quarter, compared to the consensus estimate of $36.41 million. On average, equities research analysts forecast that TriState Capital Holdings will post $1.22 earnings per share for the current year.

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In related news, insider Brian S. Fetterolf acquired 3,250 shares of the stock in a transaction dated Friday, August 11th. The stock was bought at an average price of $21.83 per share, with a total value of $70,947.50. Following the completion of the transaction, the insider now directly owns 85,090 shares of the company’s stock, valued at $1,857,514.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian S. Fetterolf acquired 1,560 shares of the stock in a transaction dated Thursday, August 17th. The shares were bought at an average cost of $21.54 per share, with a total value of $33,602.40. Following the transaction, the insider now directly owns 85,090 shares of the company’s stock, valued at $1,832,838.60. The disclosure for this purchase can be found here. 23.40% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of TSC. Sheets Smith Wealth Management boosted its holdings in TriState Capital Holdings by 0.5% during the second quarter. Sheets Smith Wealth Management now owns 12,257 shares of the financial services provider’s stock worth $309,000 after purchasing an additional 65 shares during the last quarter. Bank of America Corp DE boosted its holdings in TriState Capital Holdings by 1.3% during the first quarter. Bank of America Corp DE now owns 5,140 shares of the financial services provider’s stock worth $120,000 after purchasing an additional 67 shares during the last quarter. Private Advisor Group LLC boosted its holdings in TriState Capital Holdings by 1.5% during the second quarter. Private Advisor Group LLC now owns 15,239 shares of the financial services provider’s stock worth $384,000 after purchasing an additional 232 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in TriState Capital Holdings by 3.4% during the second quarter. The Manufacturers Life Insurance Company now owns 18,057 shares of the financial services provider’s stock worth $454,000 after purchasing an additional 596 shares during the last quarter. Finally, California Public Employees Retirement System boosted its holdings in TriState Capital Holdings by 4.9% during the second quarter. California Public Employees Retirement System now owns 19,300 shares of the financial services provider’s stock worth $486,000 after purchasing an additional 900 shares during the last quarter. 59.83% of the stock is owned by institutional investors.

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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