Trading Report: Today, TriState Capital Holdings Inc. (TSC) Coverage Initiated by Analysts at Boenning Scattergood

Today, TriState Capital Holdings Inc. (TSC) Coverage Initiated by Analysts at Boenning Scattergood

Boenning Scattergood started coverage on shares of TriState Capital Holdings Inc. (NASDAQ:TSC) in a report released on Wednesday. The brokerage issued a neutral rating on the financial services provider’s stock.

Several other equities analysts also recently weighed in on the company. Zacks Investment Research downgraded TriState Capital Holdings from a buy rating to a hold rating in a research report on Thursday, September 22nd. Maxim Group boosted their price objective on TriState Capital Holdings from $16.00 to $17.00 and gave the stock a buy rating in a research report on Friday, July 22nd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. TriState Capital Holdings currently has an average rating of Buy and an average price target of $16.13.

TriState Capital Holdings (NASDAQ:TSC) traded down 0.242% during mid-day trading on Wednesday, reaching $16.061. 14,262 shares of the company were exchanged. The stock’s 50-day moving average price is $15.36 and its 200-day moving average price is $13.86. TriState Capital Holdings has a 1-year low of $10.77 and a 1-year high of $16.28. The stock has a market capitalization of $453.16 million, a price-to-earnings ratio of 18.461 and a beta of 0.24.

TriState Capital Holdings (NASDAQ:TSC) last released its earnings results on Wednesday, July 20th. The financial services provider reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.02. TriState Capital Holdings had a return on equity of 7.40% and a net margin of 19.08%. On average, equities research analysts anticipate that TriState Capital Holdings will post $0.94 EPS for the current fiscal year.

In related news, Director Richard A. Zappala sold 5,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now owns 124,980 shares in the company, valued at $1,945,938.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman James F. Getz sold 75,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $15.25, for a total value of $1,143,750.00. The disclosure for this sale can be found here. Insiders own 23.50% of the company’s stock.

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in TriState Capital Holdings by 10.4% in the second quarter. Vanguard Group Inc. now owns 699,151 shares of the financial services provider’s stock valued at $9,600,000 after buying an additional 65,675 shares during the last quarter. Prudential Financial Inc. boosted its stake in 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 during the last quarter. Dimensional Fund Advisors LP boosted its stake in TriState Capital Holdings by 9.5% in the second quarter. Dimensional Fund Advisors LP now owns 479,208 shares of the financial services provider’s stock valued at $6,579,000 after buying an additional 41,447 shares during the last quarter. Mesirow Financial Investment Management Equity Management boosted its stake in TriState Capital Holdings by 23.4% in the second quarter. Mesirow Financial Investment Management Equity Management now owns 19,814 shares of the financial services provider’s stock valued at $272,000 after buying an additional 3,756 shares during the last quarter. Finally, Commonwealth Equity Services Inc boosted its stake in 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 during the last quarter. Hedge funds and other institutional investors own 56.86% of the company’s stock.

TriState Capital Holdings Company Profile

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