Millennium Management LLC decreased its holdings in Tristate Capital Holdings Inc (NASDAQ:TSC) by 31.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 250,816 shares of the financial services provider’s stock after selling 115,137 shares during the period. Millennium Management LLC owned about 0.87% of Tristate Capital worth $6,546,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Wells Fargo & Company MN grew its holdings in Tristate Capital by 14.6% in the first quarter. Wells Fargo & Company MN now owns 36,823 shares of the financial services provider’s stock worth $856,000 after purchasing an additional 4,700 shares during the last quarter. Swiss National Bank grew its holdings in Tristate Capital by 7.3% in the first quarter. Swiss National Bank now owns 39,938 shares of the financial services provider’s stock worth $929,000 after purchasing an additional 2,700 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in Tristate Capital by 13.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 110,669 shares of the financial services provider’s stock worth $2,574,000 after purchasing an additional 12,984 shares during the last quarter. BlackRock Inc. grew its holdings in Tristate Capital by 41.9% in the first quarter. BlackRock Inc. now owns 1,847,540 shares of the financial services provider’s stock worth $42,954,000 after purchasing an additional 545,224 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Tristate Capital by 14.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,069,693 shares of the financial services provider’s stock worth $24,870,000 after purchasing an additional 138,565 shares during the last quarter. 66.02% of the stock is owned by institutional investors.

Several equities analysts have issued reports on the stock. Boenning Scattergood reaffirmed a “hold” rating on shares of Tristate Capital in a report on Monday, October 8th. BidaskClub raised shares of Tristate Capital from a “sell” rating to a “hold” rating in a report on Friday, October 5th. ValuEngine lowered shares of Tristate Capital from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Zacks Investment Research raised shares of Tristate Capital from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a report on Tuesday, July 24th. Finally, Maxim Group lifted their price target on shares of Tristate Capital from $28.00 to $31.00 and gave the stock a “buy” rating in a report on Friday, July 20th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $30.80.

In other news, Chairman James F. Getz sold 10,000 shares of the business’s stock in a transaction on Friday, September 7th. The shares were sold at an average price of $29.86, for a total transaction of $298,600.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 23.70% of the stock is owned by insiders.

Shares of TSC opened at $26.18 on Friday. The firm has a market cap of $799.00 million, a PE ratio of 21.11, a P/E/G ratio of 1.34 and a beta of 0.49. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.05 and a current ratio of 1.05. Tristate Capital Holdings Inc has a 1-year low of $21.90 and a 1-year high of $30.10.

Tristate Capital (NASDAQ:TSC) last announced its quarterly earnings data on Wednesday, July 18th. The financial services provider reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. The firm had revenue of $41.29 million for the quarter, compared to analyst estimates of $40.72 million. Tristate Capital had a net margin of 22.41% and a return on equity of 10.73%. Sell-side analysts anticipate that Tristate Capital Holdings Inc will post 1.72 EPS 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.

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

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