The stock of Tristate Capital Holdings Inc (NASDAQ:TSC) reached all time high today, Nov, 10 and still has $28.80 target or 60.00% above today’s $18.00 share price. This indicates more upside for the $531.06 million company. This technical setup was reported by Barchart.com. If the $28.80 PT is reached, the company will be worth $318.64 million 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 63,820 shares traded hands. Tristate Capital Holdings Inc (NASDAQ:TSC) has risen 50.98% since April 8, 2016 and is uptrending. It has outperformed by 45.33% 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. On Tuesday, December 15 the stock rating was initiated by Maxim Group with “Buy”. Boenning & Scattergood initiated Tristate Capital Holdings Inc (NASDAQ:TSC) on Wednesday, October 5 with “Neutral” rating.
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 worsened, 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.
Franklin Incorporated has 13,337 shares for 0% of their US portfolio. Skylands Capital Ltd, a Wisconsin-based fund reported 43,915 shares. Tiaa Cref Inv Llc has 74,261 shares for 0% of their US portfolio. First Trust Lp accumulated 11,249 shares or 0% of the stock. Wells Fargo And Co Mn owns 8,310 shares or 0% of their US portfolio. Blackrock Advsr Limited Co accumulated 720,591 shares or 0.01% of the stock. 1492 Capital Lc holds 0.21% of its portfolio in Tristate Capital Holdings Inc (NASDAQ:TSC) for 17,123 shares. Fairview Invest Mgmt Lc has invested 0.01% of its portfolio in Tristate Capital Holdings Inc (NASDAQ:TSC). Cornerstone Capital Mgmt Holdg Lc holds 0% of its portfolio in Tristate Capital Holdings Inc (NASDAQ:TSC) for 44,324 shares. Castine Mngmt Ltd Company owns 450,000 shares or 2.96% of their US portfolio. Bnp Paribas Arbitrage Sa owns 853 shares or 0% of their US portfolio. Nwq Inv Mgmt Communication Lc, a California-based fund reported 106,761 shares. Schwab Charles Inv Mgmt owns 54,000 shares or 0% of their US portfolio. Northern Corp holds 0% or 231,239 shares in its portfolio. Deutsche Savings Bank Ag reported 760,254 shares or 0.01% of all its holdings.
Insider Transactions: Since September 7, 2016, the stock had 1 buy, and 2 sales for $1.14 million net activity. Another trade for 5,000 shares valued at $77,838 was sold by Zappala Richard A.. Another trade for 75,000 shares valued at $1.14M was sold by GETZ JAMES F.
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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