The TriState Capital Holdings Inc. (TSC) Stake Increased by BlackRock Advisors LLC

The TriState Capital Holdings Inc. (TSC) Stake Increased by BlackRock Advisors LLC

BlackRock Advisors LLC increased its position in TriState Capital Holdings Inc. (NASDAQ:TSC) by 0.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 720,591 shares of the financial services provider’s stock after buying an additional 146 shares during the period. BlackRock Advisors LLC owned 2.55% of TriState Capital Holdings worth $9,894,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in the company. Los Angeles Capital Management & Equity Research Inc. raised its position in TriState Capital Holdings by 4.7% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 10,535 shares of the financial services provider’s stock worth $133,000 after buying an additional 475 shares in the last quarter. Mesirow Financial Investment Management US Value Equity acquired a new position in TriState Capital Holdings during the first quarter worth about $202,000. Royce & Associates LP raised its position in TriState Capital Holdings by 2.2% in the first quarter. Royce & Associates LP now owns 511,552 shares of the financial services provider’s stock worth $6,446,000 after buying an additional 10,900 shares in the last quarter. State Street Corp raised its position in TriState Capital Holdings by 7.8% in the first quarter. State Street Corp now owns 302,313 shares of the financial services provider’s stock worth $3,809,000 after buying an additional 21,787 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in TriState Capital Holdings by 22.4% in the first quarter. Renaissance Technologies LLC now owns 185,500 shares of the financial services provider’s stock worth $2,337,000 after buying an additional 33,942 shares in the last quarter. Institutional investors own 56.86% of the company’s stock.

TriState Capital Holdings Inc. (NASDAQ:TSC) opened at 16.25 on Friday. TriState Capital Holdings Inc. has a 12-month low of $10.77 and a 12-month high of $16.35. The stock’s 50 day moving average is $15.46 and its 200 day moving average is $13.90. The stock has a market capitalization of $458.49 million, a price-to-earnings ratio of 18.68 and a beta of 0.24.

TriState Capital Holdings (NASDAQ:TSC) last posted its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. TriState Capital Holdings had a return on equity of 7.40% and a net margin of 19.08%. Equities research analysts forecast that TriState Capital Holdings Inc. will post $0.94 EPS for the current fiscal year.

A number of equities analysts have issued reports on TSC shares. Zacks Investment Research raised shares of TriState Capital Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, June 22nd. Maxim Group lifted their target price on shares of TriState Capital Holdings from $16.00 to $17.00 and gave the company a “buy” rating in a report on Friday, July 22nd. Finally, Boenning Scattergood assumed coverage on shares of TriState Capital Holdings in a report on Wednesday. They set a “neutral” rating for the company. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $16.13.

In other TriState Capital Holdings news, Chairman James F. Getz sold 75,000 shares of the firm’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $15.25, for a total value of $1,143,750.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard A. Zappala sold 5,000 shares of the firm’s stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of $15.57, for a total value of $77,850.00. Following the completion of the sale, the director now directly owns 124,980 shares in the company, valued at $1,945,938.60. The disclosure for this sale can be found here. Corporate insiders own 23.50% 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, Inc (Chartwell), an investment advisor, and Chartwell TSC Securities Corp. (CTSC Securities). The Company operates through two segments: Bank and Investment Management.

Related posts

Leave a Comment