Voya Investment Management LLC bought a new position in TriState Capital Holdings, Inc. (NASDAQ:TSC) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 10,743 shares of the financial services provider’s stock, valued at approximately $271,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Emerald Advisers Inc. PA grew its stake in shares of TriState Capital Holdings by 20.3% during the 2nd quarter. Emerald Advisers Inc. PA now owns 14,306 shares of the financial services provider’s stock valued at $361,000 after buying an additional 2,412 shares during the period. Girard Partners LTD. grew its stake in shares of TriState Capital Holdings by 1.7% during the 2nd quarter. Girard Partners LTD. now owns 58,767 shares of the financial services provider’s stock valued at $1,481,000 after buying an additional 1,000 shares during the period. Alliancebernstein L.P. grew its stake in shares of TriState Capital Holdings by 88.3% during the 2nd quarter. Alliancebernstein L.P. now owns 17,700 shares of the financial services provider’s stock valued at $446,000 after buying an additional 8,300 shares during the period. Berkshire Asset Management LLC PA grew its stake in shares of TriState Capital Holdings by 41.7% during the 2nd 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 period. Finally, Elk Creek Partners LLC grew its stake in shares of TriState Capital Holdings by 9.5% during the 2nd quarter. Elk Creek Partners LLC now owns 269,706 shares of the financial services provider’s stock valued at $6,797,000 after buying an additional 23,476 shares during the period. 60.60% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have recently issued reports on TSC. ValuEngine cut shares of TriState Capital Holdings from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. BidaskClub raised shares of TriState Capital Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. Zacks Investment Research cut shares of TriState Capital Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $28.00 price target on shares of TriState Capital Holdings in a research report on Tuesday, August 22nd. Finally, Stephens reaffirmed a “buy” rating and set a $30.00 price target on shares of TriState Capital Holdings in a research report on Thursday, July 20th. 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 company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $28.75.

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Shares of TriState Capital Holdings, Inc. (NASDAQ TSC) opened at $23.10 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.74. TriState Capital Holdings, Inc. has a 12-month low of $18.75 and a 12-month high of $26.30. The firm has a market cap of $658.78, a price-to-earnings ratio of 19.66, a P/E/G ratio of 1.87 and a beta of 0.31.

TriState Capital Holdings (NASDAQ:TSC) last issued its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. TriState Capital Holdings had a net margin of 19.58% and a return on equity of 9.21%. The firm had revenue of $35.31 million for the quarter, compared to analyst estimates of $36.41 million. analysts anticipate that TriState Capital Holdings, Inc. will post 1.23 earnings per share for the current year.

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.

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

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