Today’s Shorts Alert: It Seems Tristate Capital Holdings Incorporated (NASDAQ:TSC) Will Go Down. Just Reported More Shorted Shares

November 18, 2016 - By Vivian Park   ·   0 Comments

Today's Shorts Alert: It Seems Tristate Capital Holdings Incorporated (NASDAQ:TSC) Will Go Down. Just Reported More Shorted Shares

The stock of Tristate Capital Holdings Incorporated (NASDAQ:TSC) registered an increase of 0.07% in short interest. TSC’s total short interest was 583,600 shares in November as published by FINRA. Its up 0.07% from 583,200 shares, reported previously. With 48,300 shares average volume, it will take short sellers 12 days to cover their TSC’s short positions. The short interest to Tristate Capital Holdings Incorporated’s float is 2.99%. The stock closed at $18.9 during the last session. It is down 51.44% since April 18, 2016 and is uptrending. It has outperformed by 47.01% the S&P500.

TriState Capital Holdings, Inc. is a bank holding company. The company has a market cap of $537.11 million. The Company’s subsidiaries include TriState Capital Bank , a Pennsylvania chartered bank; Chartwell Investment Partners, Inc. (Chartwell), an investment advisor, and Chartwell TSC Securities Corp. (CTSC Securities). It has a 20.05 P/E ratio. The Firm operates through two divisions: Bank and Investment Management.

Insitutional Activity: The institutional sentiment increased to 0.97 in Q2 2016. Its up 0.14, from 0.83 in 2016Q1. The ratio increased, 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.
Vanguard Group Incorporated Inc has 0% invested in the company for 699,151 shares. Private Advisor Gru Lc last reported 0.01% of its portfolio in the stock. Franklin Inc reported 13,337 shares or 0% of all its holdings. Manufacturers Life Ins Company The holds 0% or 15,757 shares in its portfolio. Fincl Bank Of Montreal Can has 0% invested in the company for 10,935 shares. 1492 Mngmt Ltd Liability Com has invested 0.21% of its portfolio in Tristate Capital Holdings Inc (NASDAQ:TSC). Girard Prtn Limited has invested 0.16% of its portfolio in Tristate Capital Holdings Inc (NASDAQ:TSC). Skylands Capital Ltd Liability Company has 0.1% invested in the company for 43,915 shares. Blackrock has 0% invested in the company for 5,684 shares. Morgan Stanley owns 4,058 shares or 0% of their US portfolio. Nwq Investment Lc, a California-based fund reported 106,761 shares. First Ltd Partnership accumulated 11,249 shares or 0% of the stock. First Interstate Financial Bank accumulated 700 shares or 0% of the stock. Wellington Mgmt Grp Llp holds 0% of its portfolio in Tristate Capital Holdings Inc (NASDAQ:TSC) for 223,660 shares. International Gru last reported 12,626 shares in the company.

Insider Transactions: Since September 7, 2016, the stock had 1 insider buy, and 3 sales for $1.37 million net activity. $1.14M worth of shares were sold by GETZ JAMES F on Wednesday, September 7. 12,000 shares with value of $228,556 were sold by Dolan James J. on Wednesday, October 12. Zappala Richard A. also sold $77,838 worth of Tristate Capital Holdings Inc (NASDAQ:TSC) on Thursday, September 8.

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. The stock of Tristate Capital Holdings Inc (NASDAQ:TSC) has “Buy” rating given on Tuesday, December 15 by Maxim Group. The stock has “Neutral” rating given by Boenning & Scattergood on Wednesday, October 5.

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.

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.

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By Vivian Park


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