Tristate Capital Holdings Inc (TSC) Position Raised by Fuller & Thaler Asset Management Inc.

Fuller & Thaler Asset Management Inc. boosted its position in Tristate Capital Holdings Inc (NASDAQ:TSC) by 11.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 272,647 shares of the financial services provider’s stock after purchasing an additional 28,785 shares during the period. Fuller & Thaler Asset Management Inc. owned about 0.94% of Tristate Capital worth $7,525,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. bought a new position in Tristate Capital in the third quarter valued at approximately $238,000. Brown Advisory Inc. increased its stake in Tristate Capital by 58.7% in the third quarter. Brown Advisory Inc. now owns 714,686 shares of the financial services provider’s stock valued at $19,726,000 after acquiring an additional 264,439 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Tristate Capital by 7.8% in the third quarter. Dimensional Fund Advisors LP now owns 1,327,171 shares of the financial services provider’s stock valued at $36,629,000 after acquiring an additional 95,584 shares during the last quarter. Greenwood Capital Associates LLC bought a new position in Tristate Capital in the third quarter valued at approximately $272,000. Finally, Panagora Asset Management Inc. increased its stake in Tristate Capital by 6.3% in the third quarter. Panagora Asset Management Inc. now owns 64,874 shares of the financial services provider’s stock valued at $1,791,000 after acquiring an additional 3,845 shares during the last quarter. Hedge funds and other institutional investors own 71.48% of the company’s stock.

TSC has been the topic of a number of recent analyst reports. BidaskClub raised shares of Tristate Capital from a “sell” rating to a “hold” rating in a research note on Friday, October 5th. Stephens reissued a “buy” rating and issued a $32.00 price objective on shares of Tristate Capital in a research note on Thursday, October 18th. Boenning Scattergood reissued a “hold” rating on shares of Tristate Capital in a research note on Monday, October 8th. Maxim Group reissued a “buy” rating and issued a $31.00 price objective on shares of Tristate Capital in a research note on Thursday, October 18th. Finally, Zacks Investment Research cut shares of Tristate Capital from a “buy” rating to a “hold” rating in a research note on Tuesday, October 23rd. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $31.60.

In other Tristate Capital news, Director Richard B. Seidel sold 6,000 shares of the business’s stock in a transaction on Monday, November 26th. The shares were sold at an average price of $25.21, for a total transaction of $151,260.00. Following the sale, the director now owns 35,905 shares of the company’s stock, valued at $905,165.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman James F. Getz sold 10,000 shares of the business’s stock in a transaction on Friday, September 7th. The stock was sold at an average price of $29.86, for a total transaction of $298,600.00. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 15,800 shares of company stock worth $383,831 and have sold 26,000 shares worth $747,560. Insiders own 23.40% of the company’s stock.

Shares of NASDAQ:TSC opened at $25.11 on Friday. The company has a market capitalization of $722.13 million, a P/E ratio of 15.94, a PEG ratio of 1.22 and a beta of 0.63. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.61. Tristate Capital Holdings Inc has a 1 year low of $22.05 and a 1 year high of $30.10.

Tristate Capital (NASDAQ:TSC) last announced its quarterly earnings data on Wednesday, October 17th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. The business had revenue of $41.57 million for the quarter, compared to analysts’ expectations of $43.64 million. Tristate Capital had a net margin of 22.52% and a return on equity of 11.43%. As a group, equities analysts predict that Tristate Capital Holdings Inc will post 1.71 EPS for the current fiscal year.

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Tristate Capital Company Profile

TriState Capital Holdings, Inc operates as the bank holding company for TriState Capital Bank that provides various commercial and private banking services to middle-market businesses and high-net-worth individuals in the United States. The company operates in two segments, Bank and Investment Management.

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

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