GSA Capital Partners LLP Acquires New Stake in TriState Capital Holdings, Inc. (TSC)

GSA Capital Partners LLP purchased a new stake in TriState Capital Holdings, Inc. (NASDAQ:TSC) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 24,707 shares of the financial services provider’s stock, valued at approximately $623,000. GSA Capital Partners LLP owned approximately 0.09% of TriState Capital Holdings at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of TSC. Vanguard Group Inc. grew its holdings in shares of TriState Capital Holdings by 9.5% during the first quarter. Vanguard Group Inc. now owns 882,788 shares of the financial services provider’s stock valued at $20,614,000 after buying an additional 76,234 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of TriState Capital Holdings by 15.5% during the first quarter. Dimensional Fund Advisors LP now owns 691,968 shares of the financial services provider’s stock valued at $16,158,000 after buying an additional 93,029 shares during the last quarter. Royce & Associates LP grew its holdings in shares of TriState Capital Holdings by 5.7% during the first quarter. Royce & Associates LP now owns 613,409 shares of the financial services provider’s stock valued at $14,323,000 after buying an additional 32,900 shares during the last quarter. Northpointe Capital LLC boosted its holdings in TriState Capital Holdings by 8.0% during the second quarter. Northpointe Capital LLC now owns 506,931 shares of the financial services provider’s stock worth $12,775,000 after purchasing an additional 37,348 shares during the last quarter. Finally, Elk Creek Partners LLC boosted its holdings in TriState Capital Holdings by 9.5% during the second quarter. Elk Creek Partners LLC now owns 269,706 shares of the financial services provider’s stock worth $6,797,000 after purchasing an additional 23,476 shares during the last quarter. 59.83% of the stock is owned by hedge funds and other institutional investors.

In other TriState Capital Holdings news, insider Brian S. Fetterolf purchased 3,250 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were bought at an average price of $21.83 per share, for a total transaction of $70,947.50. Following the acquisition, the insider now owns 85,090 shares in the company, valued at $1,857,514.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brian S. Fetterolf purchased 1,560 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The stock was acquired at an average price of $21.54 per share, for a total transaction of $33,602.40. Following the acquisition, the insider now owns 85,090 shares in the company, valued at approximately $1,832,838.60. The disclosure for this purchase can be found here. 23.40% of the stock is currently owned by corporate insiders.

Several research analysts recently weighed in on TSC shares. Zacks Investment Research cut shares of TriState Capital Holdings from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Keefe, Bruyette & Woods restated a “buy” rating and set a $28.00 price target on shares of TriState Capital Holdings in a report on Tuesday, August 22nd. Stephens reiterated a “buy” rating and issued a $30.00 target price on shares of TriState Capital Holdings in a research note on Thursday, July 20th. BidaskClub cut shares of TriState Capital Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Finally, ValuEngine cut shares of TriState Capital Holdings from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. 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. The company currently has an average rating of “Hold” and an average target price of $28.75.

Shares of TriState Capital Holdings, Inc. (NASDAQ TSC) opened at 23.15 on Tuesday. TriState Capital Holdings, Inc. has a 52-week low of $16.05 and a 52-week high of $26.30. The stock has a 50 day moving average of $21.92 and a 200 day moving average of $23.33. The company has a market cap of $663.59 million, a price-to-earnings ratio of 20.87 and a beta of 0.32.

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 for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.01. TriState Capital Holdings had a net margin of 19.80% and a return on equity of 8.98%. The company had revenue of $33.75 million for the quarter, compared to the consensus estimate of $35.27 million. On average, equities research analysts expect that TriState Capital Holdings, Inc. will post $1.19 EPS for the current year.

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TriState Capital Holdings 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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