Tristate Capital Holdings Inc (TSC) Shares Bought by Royce & Associates LP

Royce & Associates LP grew its stake in Tristate Capital Holdings Inc (NASDAQ:TSC) by 14.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 731,509 shares of the financial services provider’s stock after acquiring an additional 94,500 shares during the period. Royce & Associates LP’s holdings in Tristate Capital were worth $19,092,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. OMERS ADMINISTRATION Corp acquired a new position in shares of Tristate Capital in the 2nd quarter valued at $222,000. GSA Capital Partners LLP boosted its holdings in shares of Tristate Capital by 34.0% in the 2nd quarter. GSA Capital Partners LLP now owns 51,921 shares of the financial services provider’s stock valued at $1,355,000 after buying an additional 13,188 shares in the last quarter. LaSalle Street Capital Management LLC acquired a new position in shares of Tristate Capital in the 2nd quarter valued at $375,000. Schwab Charles Investment Management Inc. boosted its holdings in shares of Tristate Capital by 11.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 122,793 shares of the financial services provider’s stock valued at $3,205,000 after buying an additional 12,124 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Tristate Capital by 39.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 45,144 shares of the financial services provider’s stock valued at $1,177,000 after buying an additional 12,712 shares in the last quarter. 65.89% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have recently issued reports on TSC. ValuEngine cut shares of Tristate Capital from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Zacks Investment Research upgraded shares of Tristate Capital from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a report on Tuesday, July 24th. Maxim Group upped their target price on shares of Tristate Capital from $28.00 to $31.00 and gave the company a “buy” rating in a report on Friday, July 20th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $35.00 target price on shares of Tristate Capital in a report on Friday, July 20th. Finally, Stephens restated a “buy” rating and issued a $28.00 target price on shares of Tristate Capital in a report on Thursday, July 19th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $30.80.

TSC stock opened at $29.50 on Monday. Tristate Capital Holdings Inc has a 12 month low of $20.30 and a 12 month high of $30.10. The firm has a market capitalization of $854.01 million, a P/E ratio of 23.79, a price-to-earnings-growth ratio of 1.43 and a beta of 0.48. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.64.

Tristate Capital (NASDAQ:TSC) last released its quarterly earnings results on Wednesday, July 18th. The financial services provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.37 by $0.03. Tristate Capital had a net margin of 22.41% and a return on equity of 10.73%. The firm had revenue of $41.29 million during the quarter, compared to the consensus estimate of $40.72 million. equities research analysts forecast that Tristate Capital Holdings Inc will post 1.72 earnings per share for the current fiscal year.

Tristate Capital Company Profile

TriState Capital Holdings, Inc operates as the bank holding company for TriState Capital Bank that provides various commercial and private banking services to middle-market businesses and high-net-worth individuals in the United States. The company operates in two segments, Bank and Investment Management.

See Also: Book Value Per Share in Stock Trading

Want to see what other hedge funds are holding TSC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tristate Capital Holdings Inc (NASDAQ:TSC).

Institutional Ownership by Quarter for Tristate Capital (NASDAQ:TSC)

Receive News & Ratings for Tristate Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tristate Capital and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply