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.
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.
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.
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