The stock of Tristate Capital Holdings Inc (NASDAQ:TSC) reached all time high today, Oct, 31 and still has $28.84 target or 62.00% above today’s $17.80 share price. This indicates more upside for the $508.38M company. This technical setup was reported by Barchart.com. If the $28.84 PT is reached, the company will be worth $315.20M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 46,840 shares traded hands. Tristate Capital Holdings Inc (NASDAQ:TSC) has risen 37.93% since March 29, 2016 and is uptrending. It has outperformed by 34.46% the S&P500.
Tristate Capital Holdings Inc (NASDAQ:TSC) Ratings Coverage
Out of 2 analysts covering TriState Capital Holdings (NASDAQ:TSC), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. TriState Capital Holdings has been the topic of 4 analyst reports since December 15, 2015 according to StockzIntelligence Inc. The company was initiated on Tuesday, December 15 by Maxim Group. The company was initiated on Wednesday, October 5 by Boenning & Scattergood.
According to Zacks Investment Research, “Tristate Capital Holdings, Inc. is a bank holding company for TriState Capital Bank. The company provides commercial and private banking services to middle market businesses, professionals and high net worth individuals. It offers deposit products, commercial and industrial loans as well as cash management services which consist of online balance reporting, online bill payment, remote deposit, liquidity services, wire and ACH services, foreign exchange, controlled disbursement services and capital market services. Tristate Capital Holdings, Inc. is headquartered in Pittsburgh, Pennsylvania.”
Insitutional Activity: The institutional sentiment decreased to 0.83 in Q2 2016. Its down 0.34, from 1.17 in 2016Q1. The ratio is negative, as 10 funds sold all Tristate Capital Holdings Inc shares owned while 32 reduced positions. 8 funds bought stakes while 27 increased positions. They now own 16.05 million shares or 0.42% less from 16.11 million shares in 2016Q1.
The United Kingdom-based Barclays Public Ltd Co has invested 0% in Tristate Capital Holdings Inc (NASDAQ:TSC). Private Advisor Grp Llc has invested 0.01% of its portfolio in Tristate Capital Holdings Inc (NASDAQ:TSC). Moreover, Blackrock Advsr Limited Liability Corporation has 0.01% invested in Tristate Capital Holdings Inc (NASDAQ:TSC) for 720,591 shares. Nbw Capital Limited Liability Com holds 0.5% or 118,215 shares in its portfolio. Rhumbline Advisers has 0% invested in the company for 25,088 shares. State Bank Of New York Mellon Corp, a New York-based fund reported 80,070 shares. Invesco last reported 0% of its portfolio in the stock. Kestrel Invest Management Corporation holds 1.47% of its portfolio in Tristate Capital Holdings Inc (NASDAQ:TSC) for 259,650 shares. Moreover, Bridgeway Capital Mngmt Incorporated has 0.02% invested in Tristate Capital Holdings Inc (NASDAQ:TSC) for 113,960 shares. Brandywine Glob Inv Mgmt Lc, a Pennsylvania-based fund reported 492,884 shares. Moreover, Legal And General Grp Public Limited Company has 0% invested in Tristate Capital Holdings Inc (NASDAQ:TSC) for 3,613 shares. Prudential Inc has invested 0% of its portfolio in Tristate Capital Holdings Inc (NASDAQ:TSC). Moreover, Blackrock Fund Advsr has 0% invested in Tristate Capital Holdings Inc (NASDAQ:TSC) for 567,064 shares. Stephens Ar holds 0.04% or 59,465 shares in its portfolio. Parametric Lc owns 14,100 shares or 0% of their US portfolio.
Insider Transactions: Since September 7, 2016, the stock had 0 insider buys, and 2 sales for $1.22 million net activity. Another trade for 75,000 shares valued at $1.14M was sold by GETZ JAMES F. Zappala Richard A. sold $77,838 worth of stock or 5,000 shares.
More news for Tristate Capital Holdings Inc (NASDAQ:TSC) were recently published by: Businesswire.com, which released: “TriState Capital to Expand Its Chartwell Investment Management Business with …” on December 16, 2015. Businesswire.com‘s article titled: “TriState Capital Closes Acquisition of The Killen Group” and published on April 29, 2016 is yet another important article.
TSC Company Profile
TriState Capital Holdings, Inc., incorporated on May 25, 2006, is a bank holding company. The Company’s subsidiaries include TriState Capital Bank (the Bank), a Pennsylvania chartered bank; Chartwell Investment Partners, Inc. (Chartwell), an investment advisor, and Chartwell TSC Securities Corp. (CTSC Securities). The Firm operates through two divisions: Bank and Investment Management. The Bank segment provides commercial banking and private banking services to middle-market businesses and high-net-worth individuals through its TriState Capital Bank subsidiary. The Investment Management segment provides advisory and sub-advisory investment management services to primarily institutional plan sponsors through Chartwell, and also provides distribution and marketing services for Chartwell’s investment products through CTSC Securities.
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