Tristate Capital Holdings Inc (TSC) was Reiterated by Maxim Group to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 17 from a previous price target of $16 . Maxim Group advised their investors in a research report released on Jul 22, 2016.
Tristate Capital Holdings Inc opened for trading at $14.4 and hit $14.75 on the upside on Wednesday, eventually ending the session at $14.64, with a gain of 1.04% or 0.15 points. The heightened volatility saw the trading volume jump to 32,134 shares. Company has a market cap of $414 M.
In a different news, on Mar 17, 2016, James J. Dolan (director) sold 868 shares at $12.52 per share price. According to the SEC, on Dec 8, 2015, Mark L. Sullivan (CFO) purchased 10,000 shares at $13.16 per share price. On Dec 2, 2015, E.h. Dewhurst (director) sold 6,900 shares at $13.19 per share price, according to the Form-4 filing with the securities and exchange commission.
TriState Capital Holdings Inc. is a bank holding company. The Company has three wholly owned subsidiaries: 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 Company operates through two segments: Bank and Investment Management. The Bank segment provides commercial banking and private banking services through the Bank. 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. The Company’s cash management services include online balance reporting online bill payment remote deposit liquidity services wire and Automated Clearing House (ACH) services foreign exchange and controlled disbursement.