Today, Nationwide Fund Advisors cuts position of TriState Capital Holdings Inc. (TSC)

Today, Nationwide Fund Advisors cuts position of TriState Capital Holdings Inc. (TSC)

Nationwide Fund Advisors cut its position in shares of TriState Capital Holdings Inc. (NASDAQ:TSC) by 8.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 92,686 shares of the financial services provider’s stock after selling 8,600 shares during the period. Nationwide Fund Advisors’ holdings in TriState Capital Holdings were worth $1,497,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Metropolitan Life Insurance Co. NY raised its position in TriState Capital Holdings by 6.7% in the second quarter. Metropolitan Life Insurance Co. NY now owns 16,792 shares of the financial services provider’s stock worth $231,000 after buying an additional 1,059 shares during the period. Castine Capital Management LLC raised its position in TriState Capital Holdings by 9.9% in the second quarter. Castine Capital Management LLC now owns 450,000 shares of the financial services provider’s stock worth $6,179,000 after buying an additional 40,500 shares during the period. Bridgeway Capital Management Inc. raised its position in TriState Capital Holdings by 11.7% in the second quarter. Bridgeway Capital Management Inc. now owns 113,960 shares of the financial services provider’s stock worth $1,565,000 after buying an additional 11,900 shares during the period. Parametric Portfolio Associates LLC raised its position in TriState Capital Holdings by 2.6% in the second quarter. Parametric Portfolio Associates LLC now owns 14,100 shares of the financial services provider’s stock worth $194,000 after buying an additional 363 shares during the period. Finally, Banc Funds Co. LLC raised its position in TriState Capital Holdings by 0.7% in the second quarter. Banc Funds Co. LLC now owns 2,049,946 shares of the financial services provider’s stock worth $28,146,000 after buying an additional 14,569 shares during the period. Hedge funds and other institutional investors own 56.53% of the company’s stock.

Shares of TriState Capital Holdings Inc. (NASDAQ:TSC) traded up 1.75% during mid-day trading on Monday, reaching $20.35. The company’s stock had a trading volume of 114,389 shares. The firm has a 50-day moving average of $17.76 and a 200-day moving average of $15.19. The firm has a market capitalization of $576.78 million, a PE ratio of 21.42 and a beta of 0.18. TriState Capital Holdings Inc. has a 52 week low of $10.77 and a 52 week high of $20.60.

TriState Capital Holdings (NASDAQ:TSC) last released its quarterly earnings data on Wednesday, October 19th. The financial services provider reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.06. TriState Capital Holdings had a return on equity of 7.97% and a net margin of 19.61%. Equities research analysts forecast that TriState Capital Holdings Inc. will post $0.97 earnings per share for the current fiscal year.

A number of research firms recently issued reports on TSC. Zacks Investment Research upgraded TriState Capital Holdings from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a report on Saturday, October 22nd. Boenning Scattergood began coverage on TriState Capital Holdings in a report on Wednesday, October 5th. They issued a “neutral” rating for the company. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $16.88.

In other news, Chairman James F. Getz acquired 5,000 shares of the company’s stock in a transaction dated Thursday, November 3rd. The stock was acquired at an average cost of $16.90 per share, for a total transaction of $84,500.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman James F. Getz sold 75,000 shares of the company’s stock in a transaction 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.

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, 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