ClariVest Asset Management LLC Sells 1,110 Shares of Tristate Capital Holdings Inc (TSC)

ClariVest Asset Management LLC decreased its position in shares of Tristate Capital Holdings Inc (NASDAQ:TSC) by 17.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,410 shares of the financial services provider’s stock after selling 1,110 shares during the quarter. ClariVest Asset Management LLC’s holdings in Tristate Capital were worth $105,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in Tristate Capital by 51.3% during the 3rd quarter. BlackRock Inc. now owns 3,184,413 shares of the financial services provider’s stock worth $87,889,000 after buying an additional 1,079,059 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Tristate Capital by 7.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,327,171 shares of the financial services provider’s stock worth $36,629,000 after buying an additional 95,584 shares during the period. Vanguard Group Inc. lifted its holdings in Tristate Capital by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,153,991 shares of the financial services provider’s stock worth $31,850,000 after buying an additional 17,290 shares during the period. Vanguard Group Inc lifted its holdings in Tristate Capital by 1.5% during the 3rd quarter. Vanguard Group Inc now owns 1,153,991 shares of the financial services provider’s stock worth $31,850,000 after buying an additional 17,290 shares during the period. Finally, Royce & Associates LP lifted its holdings in Tristate Capital by 5.4% during the 3rd quarter. Royce & Associates LP now owns 771,192 shares of the financial services provider’s stock worth $21,285,000 after buying an additional 39,683 shares during the period. 72.68% of the stock is currently owned by institutional investors.

In related news, Director Richard B. Seidel sold 6,000 shares of the business’s stock in a transaction dated Monday, November 26th. The stock was sold at an average price of $25.21, for a total value of $151,260.00. Following the completion of the sale, the director now directly owns 35,905 shares of the company’s stock, valued at approximately $905,165.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard B. Seidel bought 2,500 shares of the firm’s stock in a transaction that occurred on Friday, February 1st. The stock was purchased at an average cost of $20.70 per share, with a total value of $51,750.00. Following the completion of the transaction, the director now directly owns 41,405 shares in the company, valued at $857,083.50. The disclosure for this purchase can be found here. Insiders own 23.70% of the company’s stock.

Several research analysts have recently weighed in on TSC shares. BidaskClub raised Tristate Capital from a “sell” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research lowered Tristate Capital from a “hold” rating to a “sell” rating in a research report on Saturday, January 5th. Stephens reissued a “buy” rating and issued a $25.00 price objective on shares of Tristate Capital in a research report on Thursday, January 31st. Finally, ValuEngine lowered Tristate Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, December 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $30.00.

TSC stock opened at $22.59 on Thursday. Tristate Capital Holdings Inc has a 1-year low of $18.20 and a 1-year high of $30.10. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market capitalization of $638.15 million, a PE ratio of 13.06, a price-to-earnings-growth ratio of 0.95 and a beta of 1.05.

Tristate Capital (NASDAQ:TSC) last issued its earnings results on Wednesday, January 30th. The financial services provider reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.04. Tristate Capital had a return on equity of 12.54% and a net margin of 21.97%. The business had revenue of $41.11 million during the quarter, compared to analyst estimates of $43.54 million. Analysts expect that Tristate Capital Holdings Inc will post 1.94 earnings per share for the current year.

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Tristate Capital 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.

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

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