TriState Capital Holdings, Inc. (NASDAQ:TSC) Shares Sold by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC decreased its position in TriState Capital Holdings, Inc. (NASDAQ:TSC) by 14.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,894 shares of the financial services provider’s stock after selling 1,482 shares during the period. Parametric Portfolio Associates LLC’s holdings in TriState Capital Holdings were worth $208,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in TriState Capital Holdings by 17.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 598,939 shares of the financial services provider’s stock valued at $13,236,000 after buying an additional 90,375 shares in the last quarter. Northpointe Capital LLC raised its position in TriState Capital Holdings by 7.4% in the first quarter. Northpointe Capital LLC now owns 469,583 shares of the financial services provider’s stock valued at $10,965,000 after buying an additional 32,315 shares in the last quarter. State Street Corp raised its position in TriState Capital Holdings by 5.9% in the fourth quarter. State Street Corp now owns 365,620 shares of the financial services provider’s stock valued at $8,082,000 after buying an additional 20,347 shares in the last quarter. Capital Impact Advisors LLC raised its position in TriState Capital Holdings by 20.6% in the first quarter. Capital Impact Advisors LLC now owns 65,587 shares of the financial services provider’s stock valued at $1,531,000 after buying an additional 11,212 shares in the last quarter. Finally, Teachers Advisors LLC raised its stake in shares of TriState Capital Holdings by 4.6% in the fourth quarter. Teachers Advisors LLC now owns 44,393 shares of the financial services provider’s stock valued at $981,000 after buying an additional 1,932 shares during the period. 57.35% of the stock is currently owned by institutional investors and hedge funds.

Shares of TriState Capital Holdings, Inc. (NASDAQ:TSC) opened at 21.15 on Friday. The firm has a market capitalization of $606.26 million, a P/E ratio of 19.07 and a beta of 0.28. TriState Capital Holdings, Inc. has a 52-week low of $14.10 and a 52-week high of $26.30. The company’s 50-day moving average is $23.50 and its 200 day moving average is $23.74.

TriState Capital Holdings (NASDAQ:TSC) last issued its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.01. The business had revenue of $33.75 million for the quarter, compared to analysts’ expectations of $35.27 million. TriState Capital Holdings had a return on equity of 8.98% and a net margin of 19.80%. Analysts expect that TriState Capital Holdings, Inc. will post $1.19 EPS for the current fiscal year.

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Several equities research analysts recently issued reports on the stock. BidaskClub lowered shares of TriState Capital Holdings from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Zacks Investment Research lowered shares of TriState Capital Holdings from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. ValuEngine raised shares of TriState Capital Holdings from a “hold” rating to a “buy” rating in a report on Thursday, July 20th. Stephens reiterated a “buy” rating and set a $30.00 target price on shares of TriState Capital Holdings in a research report on Thursday, July 20th. Finally, Maxim Group lifted their target price on shares of TriState Capital Holdings from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, April 21st. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. TriState Capital Holdings has a consensus rating of “Hold” and an average target price of $28.50.

In related news, insider Brian S. Fetterolf bought 1,560 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 85,090 shares in the company, valued at approximately $1,832,838.60. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Brian S. Fetterolf bought 3,250 shares of the business’s stock in a transaction dated Friday, August 11th. The shares were bought at an average cost of $21.83 per share, for a total transaction of $70,947.50. Following the transaction, the insider now owns 85,090 shares in the company, valued at approximately $1,857,514.70. The disclosure for this purchase can be found here. Insiders have bought a total of 14,810 shares of company stock worth $341,150 over the last ninety days. Insiders own 23.40% 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, LLC (Chartwell), an investment advisor, and Chartwell TSC Securities Corp. (CTSC Securities). The Company operates through two segments: Bank and Investment Management.

Institutional Ownership by Quarter for TriState Capital Holdings (NASDAQ:TSC)

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