Hodges Capital Management Inc. boosted its stake in TriState Capital Holdings, Inc. (NASDAQ:TSC) by 6.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 160,300 shares of the financial services provider’s stock after buying an additional 9,200 shares during the period. Hodges Capital Management Inc. owned approximately 0.56% of TriState Capital Holdings worth $4,040,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of TSC. State Street Corp increased its stake in shares of 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 during the period. Dimensional Fund Advisors LP increased its stake in shares of 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 during the period. Teachers Advisors LLC increased 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. Sheets Smith Wealth Management bought a new stake in shares of TriState Capital Holdings during the first quarter valued at $285,000. Finally, Berkshire Asset Management LLC PA acquired a new position in TriState Capital Holdings during the first quarter worth approximately $254,000. 57.35% of the stock is currently owned by hedge funds and other institutional investors.
TriState Capital Holdings, Inc. (NASDAQ TSC) traded up 0.48% on Friday, reaching $21.15. The company had a trading volume of 116,647 shares. TriState Capital Holdings, Inc. has a 12 month low of $14.10 and a 12 month high of $26.30. The firm has a market capitalization of $606.26 million, a PE ratio of 19.07 and a beta of 0.28. The stock has a 50 day moving average of $23.50 and a 200 day moving average of $23.74.
TriState Capital Holdings (NASDAQ:TSC) last announced its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.01. The firm had revenue of $33.75 million during the quarter, compared to analyst estimates of $35.27 million. TriState Capital Holdings had a return on equity of 8.98% and a net margin of 19.80%. On average, analysts anticipate that TriState Capital Holdings, Inc. will post $1.19 EPS for the current year.
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A number of research analysts have recently commented on the company. Zacks Investment Research downgraded TriState Capital Holdings from a “buy” rating to a “hold” rating in a report on Thursday, May 4th. Stephens reiterated a “buy” rating and issued a $30.00 price objective on shares of TriState Capital Holdings in a report on Thursday, July 20th. BidaskClub downgraded TriState Capital Holdings from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. ValuEngine upgraded TriState Capital Holdings from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Maxim Group increased their price objective on TriState Capital Holdings from $25.00 to $28.00 and gave the company a “buy” rating in a report on Friday, April 21st. 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 company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $28.50.
In other news, insider Brian S. Fetterolf acquired 1,560 shares of the stock in a transaction that occurred on Thursday, August 17th. The stock was purchased at an average cost of $21.54 per share, with a total value of $33,602.40. Following the completion of the acquisition, the insider now directly owns 85,090 shares in the company, valued at $1,832,838.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO James F. Getz sold 15,000 shares of the business’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $25.00, for a total value of $375,000.00. The disclosure for this sale can be found here. Over the last three months, insiders purchased 14,810 shares of company stock valued at $341,150. 23.40% of the stock is owned by corporate insiders.
About TriState Capital Holdings
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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