Janney Capital Management LLC Has $230,000 Position in TriState Capital Holdings, Inc. (NASDAQ:TSC)

Janney Capital Management LLC lowered its stake in TriState Capital Holdings, Inc. (NASDAQ:TSC) by 4.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,133 shares of the financial services provider’s stock after selling 451 shares during the period. Janney Capital Management LLC’s holdings in TriState Capital Holdings were worth $230,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of TSC. Bank of America Corp DE increased its position in 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. Los Angeles Capital Management & Equity Research Inc. bought a new position in TriState Capital Holdings during the first quarter valued at about $207,000. Alliancebernstein L.P. bought a new position in TriState Capital Holdings during the first quarter valued at about $219,000. Janney Montgomery Scott LLC bought a new position in TriState Capital Holdings during the first quarter valued at about $234,000. Finally, Berkshire Asset Management LLC PA bought a new position in TriState Capital Holdings during the first quarter valued at about $254,000. Institutional investors own 57.65% of the company’s stock.

Shares of TriState Capital Holdings, Inc. (NASDAQ TSC) traded down 1.38% during trading on Friday, hitting $21.45. 130,878 shares of the stock were exchanged. The firm has a market capitalization of $614.86 million, a P/E ratio of 19.34 and a beta of 0.28. The firm has a 50 day moving average price of $23.89 and a 200 day moving average price of $23.76. TriState Capital Holdings, Inc. has a 52 week low of $14.10 and a 52 week high of $26.30.

TriState Capital Holdings (NASDAQ:TSC) last announced its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. The business 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%. Analysts forecast that TriState Capital Holdings, Inc. will post $1.19 EPS for the current fiscal year.

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Several brokerages have recently weighed in on TSC. ValuEngine upgraded shares of TriState Capital Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, July 20th. BidaskClub lowered shares of TriState Capital Holdings from a “sell” rating to a “strong sell” rating in a research report on Saturday. Zacks Investment Research upgraded shares of TriState Capital Holdings from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Tuesday, April 25th. Stephens restated a “buy” rating and issued a $30.00 price target on shares of TriState Capital Holdings in a research report on Thursday, July 20th. Finally, Maxim Group boosted their price target on shares of 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 assigned a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $28.50.

In related news, insider Brian S. Fetterolf purchased 3,250 shares of TriState Capital Holdings stock in a transaction dated Friday, August 11th. The stock was purchased at an average cost of $21.83 per share, for a total transaction of $70,947.50. Following the completion of the acquisition, the insider now directly owns 85,090 shares of the company’s stock, valued at $1,857,514.70. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO James F. Getz sold 15,000 shares of the firm’s stock in a transaction on 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. Company insiders own 23.40% of the company’s stock.

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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