Price Don’t Lie: Is Buying Tristate Capital Holdings Inc Here a Winning Strategy?

Price Don't Lie: Is Buying Tristate Capital Holdings Inc Here a Winning Strategy?

The stock of Tristate Capital Holdings Inc (NASDAQ:TSC) hit a new 52-week high and has $48.82 target or 183.00% above today’s $17.25 share price. The 7 months bullish chart indicates low risk for the $482.94 million company. The 1-year high was reported on Nov, 2 by Barchart.com. If the $48.82 price target is reached, the company will be worth $883.78 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 39,377 shares traded hands. Tristate Capital Holdings Inc (NASDAQ:TSC) has risen 38.49% since March 31, 2016 and is uptrending. It has outperformed by 35.97% 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. Boenning & Scattergood initiated the shares of TSC in a report on Wednesday, October 5 with “Neutral” rating. The rating was initiated by Maxim Group with “Buy” on Tuesday, December 15.

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 2016 Q2. Its down 0.34, from 1.17 in 2016Q1. The ratio dived, 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.
Credit Suisse Ag owns 13,816 shares or 0% of their US portfolio. Lehman has invested 0.16% of its portfolio in Tristate Capital Holdings Inc (NASDAQ:TSC). Wells Fargo Mn has 0% invested in the company for 8,310 shares. Legal And General Group Incorporated Public Limited Com has 0% invested in the company for 3,613 shares. Girard accumulated 0.16% or 30,862 shares. California Pub Employees Retirement System accumulated 0% or 18,100 shares. Qs Invsts Ltd Liability Co accumulated 0% or 631 shares. Emerald Advisers Inc Pa last reported 394,693 shares in the company. Putnam Ltd Liability Corp has 366,464 shares for 0.01% of their US portfolio. The New York-based Millennium Mngmt Llc has invested 0% in Tristate Capital Holdings Inc (NASDAQ:TSC). Cornerstone Ltd, a New York-based fund reported 44,324 shares. Bnp Paribas Arbitrage Sa has invested 0% of its portfolio in Tristate Capital Holdings Inc (NASDAQ:TSC). Heartland Advsr Inc, a Wisconsin-based fund reported 1.20M shares. New York State Common Retirement Fund holds 0% of its portfolio in Tristate Capital Holdings Inc (NASDAQ:TSC) for 19,400 shares. The New York-based Amer Intl Group has invested 0% in Tristate Capital Holdings Inc (NASDAQ:TSC).

Insider Transactions: Since September 7, 2016, the stock had 0 insider buys, and 2 sales for $1.22 million net activity. 75,000 shares with value of $1.14M were sold by GETZ JAMES F on Wednesday, September 7. Zappala Richard A. sold $77,838 worth of Tristate Capital Holdings Inc (NASDAQ:TSC) on Thursday, September 8.

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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