Susquehanna International Group LLP Takes Position in TriState Capital Holdings, Inc. (TSC)

Susquehanna International Group LLP purchased a new position in TriState Capital Holdings, Inc. (NASDAQ:TSC) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 84,919 shares of the financial services provider’s stock, valued at approximately $2,140,000. Susquehanna International Group LLP owned 0.30% of TriState Capital Holdings at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. The Manufacturers Life Insurance Company grew its holdings in TriState Capital Holdings by 3.4% in 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 period. NBW Capital LLC grew its holdings in shares of TriState Capital Holdings by 5.2% during the second quarter. NBW Capital LLC now owns 76,175 shares of the financial services provider’s stock valued at $1,920,000 after buying an additional 3,787 shares during the last quarter. State Street Corp grew its holdings in shares of TriState Capital Holdings by 10.6% during the second quarter. State Street Corp now owns 409,593 shares of the financial services provider’s stock valued at $10,323,000 after buying an additional 39,409 shares during the last quarter. Voya Investment Management LLC acquired a new position in shares of TriState Capital Holdings during the second quarter valued at about $271,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of TriState Capital Holdings by 11.0% during the second quarter. Dimensional Fund Advisors LP now owns 768,048 shares of the financial services provider’s stock valued at $19,355,000 after buying an additional 76,080 shares during the last quarter. Institutional investors and hedge funds own 59.83% of the company’s stock.

A number of research analysts have recently issued reports on TSC shares. BidaskClub cut shares of TriState Capital Holdings from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. ValuEngine cut shares of TriState Capital Holdings from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $28.00 price objective on shares of TriState Capital Holdings in a report on Tuesday, August 22nd. Zacks Investment Research cut shares of TriState Capital Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. Finally, Stephens reiterated a “buy” rating and set a $30.00 price objective on shares of TriState Capital Holdings in a report on Thursday, July 20th. 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. The stock presently has an average rating of “Hold” and an average price target of $28.75.

Shares of TriState Capital Holdings, Inc. (NASDAQ TSC) traded up 0.64% on Wednesday, hitting $23.45. 8,182 shares of the stock were exchanged. TriState Capital Holdings, Inc. has a 12 month low of $15.90 and a 12 month high of $26.30. The company has a market cap of $672.22 million, a PE ratio of 21.13 and a beta of 0.32. The company has a 50-day moving average price of $21.72 and a 200 day moving average price of $23.32.

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

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In other news, insider Brian S. Fetterolf acquired 1,560 shares of the business’s stock in a transaction that occurred on 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 owns 85,090 shares of the company’s stock, valued at approximately $1,832,838.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brian S. Fetterolf acquired 3,250 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were purchased at an average cost of $21.83 per share, for a total transaction of $70,947.50. Following the completion of the transaction, the insider now directly owns 85,090 shares in the company, valued at approximately $1,857,514.70. The disclosure for this purchase can be found here. 23.40% of the stock is owned by corporate insiders.

TriState Capital Holdings 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.

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

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