Emerald Advisers Inc. PA Boosts Position in TriState Capital Holdings, Inc. (TSC)

Emerald Advisers Inc. PA boosted its stake in TriState Capital Holdings, Inc. (NASDAQ:TSC) by 20.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 14,306 shares of the financial services provider’s stock after buying an additional 2,412 shares during the period. Emerald Advisers Inc. PA’s holdings in TriState Capital Holdings were worth $361,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Berkshire Asset Management LLC PA boosted its position in shares of TriState Capital Holdings by 41.7% in the second quarter. Berkshire Asset Management LLC PA now owns 15,431 shares of the financial services provider’s stock valued at $389,000 after buying an additional 4,539 shares during the last quarter. Sheets Smith Wealth Management boosted its position in shares of TriState Capital Holdings by 0.5% in the second quarter. Sheets Smith Wealth Management now owns 12,257 shares of the financial services provider’s stock valued at $309,000 after buying an additional 65 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of TriState Capital Holdings by 4.7% in the first quarter. Goldman Sachs Group Inc. now owns 37,412 shares of the financial services provider’s stock valued at $873,000 after buying an additional 1,684 shares during the last quarter. AQR Capital Management LLC purchased a new position in shares of TriState Capital Holdings during the first quarter valued at about $958,000. Finally, Bank of America Corp DE boosted its position in shares of TriState Capital Holdings by 1.3% in the first quarter. Bank of America Corp DE now owns 5,140 shares of the financial services provider’s stock valued at $120,000 after buying an additional 67 shares during the last quarter. 57.35% of the stock is currently owned by institutional investors and hedge funds.

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 1-year low of $14.10 and a 1-year high of $26.30. The stock has a market capitalization of $606.26 million, a P/E ratio of 19.07 and a beta of 0.28. The stock’s 50 day moving average is $23.50 and its 200-day moving average is $23.74.

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

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A number of research analysts have recently weighed in on the company. BidaskClub cut TriState Capital Holdings from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. Zacks Investment Research cut TriState Capital Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. ValuEngine raised TriState Capital Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, July 20th. Stephens reaffirmed a “buy” rating and set a $30.00 price objective on shares of TriState Capital Holdings in a research report on Thursday, July 20th. Finally, Maxim Group lifted their price objective on TriState Capital Holdings from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, April 21st. One investment 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. TriState Capital Holdings presently has an average rating of “Hold” and an average price target of $28.50.

In other news, insider Brian S. Fetterolf bought 1,560 shares of the firm’s stock in a transaction dated Thursday, August 17th. The shares were acquired at an average price of $21.54 per share, for a total transaction of $33,602.40. Following the completion of the transaction, the insider now directly owns 85,090 shares in the company, valued at approximately $1,832,838.60. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Helen Hanna Casey bought 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The stock was purchased at an average price of $23.66 per share, for a total transaction of $236,600.00. Following the transaction, the director now owns 39,055 shares of the company’s stock, valued at $924,041.30. The disclosure for this purchase can be found here. Insiders have acquired 14,810 shares of company stock worth $341,150 in the last quarter. 23.40% of the stock is currently owned by company insiders.

TriState Capital Holdings Company 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.

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

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