Dynamic Technology Lab Private Ltd Purchases Shares of 12,319 TriState Capital Holdings, Inc. (TSC)

Dynamic Technology Lab Private Ltd purchased a new position in shares of TriState Capital Holdings, Inc. (NASDAQ:TSC) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 12,319 shares of the financial services provider’s stock, valued at approximately $282,000.

A number of other institutional investors have also made changes to their positions in TSC. Northpointe Capital LLC lifted its holdings in TriState Capital by 58.3% in the 3rd quarter. Northpointe Capital LLC now owns 802,392 shares of the financial services provider’s stock worth $18,375,000 after buying an additional 295,461 shares in the last quarter. Thrivent Financial For Lutherans acquired a new position in TriState Capital in the 2nd quarter worth $3,748,000. Mutual of America Capital Management LLC acquired a new position in TriState Capital in the 2nd quarter worth $3,125,000. Dimensional Fund Advisors LP lifted its holdings in TriState Capital by 15.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 691,968 shares of the financial services provider’s stock worth $16,158,000 after buying an additional 93,029 shares in the last quarter. Finally, Susquehanna International Group LLP acquired a new position in TriState Capital in the 2nd quarter worth $2,140,000. 59.76% of the stock is owned by hedge funds and other institutional investors.

Shares of TriState Capital Holdings, Inc. (NASDAQ:TSC) opened at $24.45 on Tuesday. The stock has a market cap of $688.85, a PE ratio of 20.56, a PEG ratio of 1.96 and a beta of 0.33. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.06 and a quick ratio of 1.06. TriState Capital Holdings, Inc. has a 12 month low of $19.65 and a 12 month high of $26.30.

TriState Capital (NASDAQ:TSC) last issued its earnings results on Thursday, October 19th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. The business had revenue of $35.31 million for the quarter, compared to analyst estimates of $36.41 million. TriState Capital had a net margin of 19.58% and a return on equity of 9.21%. sell-side analysts forecast that TriState Capital Holdings, Inc. will post 1.23 earnings per share for the current year.

In other news, Director James J. Dolan sold 12,000 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $24.32, for a total value of $291,840.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 23.40% of the company’s stock.

A number of equities analysts have commented on the stock. BidaskClub lowered shares of TriState Capital from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Zacks Investment Research lowered shares of TriState Capital from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. ValuEngine lowered shares of TriState Capital from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $28.00 price objective on shares of TriState Capital in a report on Tuesday, August 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. TriState Capital has an average rating of “Hold” and an average target price of $28.75.

ILLEGAL ACTIVITY WARNING: “Dynamic Technology Lab Private Ltd Purchases Shares of 12,319 TriState Capital Holdings, Inc. (TSC)” was first reported by Community Financial News and is owned by of Community Financial News. If you are reading this news story on another site, it was copied illegally and republished in violation of United States & international copyright and trademark law. The correct version of this news story can be viewed at https://www.com-unik.info/2017/12/05/dynamic-technology-lab-private-ltd-purchases-shares-of-12319-tristate-capital-holdings-inc-tsc.html.

TriState Capital 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.

Want to see what other hedge funds are holding TSC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TriState Capital Holdings, Inc. (NASDAQ:TSC).

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

What are top analysts saying about TriState Capital Holdings Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for TriState Capital Holdings Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit