After Reaching Milestone, Is Tristate Capital Holdings Inc (NASDAQ:TSC)’s Short Interest Revealing Something?

October 13, 2018 - By Darrin Black

Investors sentiment increased to 1.78 in 2018 Q2. Its up 0.38, from 1.4 in 2018Q1. It is positive, as 12 investors sold Tristate Capital Holdings, Inc. shares while 24 reduced holdings. 19 funds opened positions while 45 raised stakes. 18.71 million shares or 10.63% more from 16.91 million shares in 2018Q1 were reported.
Boston Limited Co reported 0.13% in Tristate Capital Holdings, Inc. (NASDAQ:TSC). 1492 Cap Mngmt Limited Liability Company holds 2.3% in Tristate Capital Holdings, Inc. (NASDAQ:TSC) or 123,245 shares. New Jersey-based Jacobs Levy Equity Mngmt Incorporated has invested 0.01% in Tristate Capital Holdings, Inc. (NASDAQ:TSC). Segall Bryant And Hamill Ltd Liability Corp invested 0.02% of its portfolio in Tristate Capital Holdings, Inc. (NASDAQ:TSC). Banc Funds Limited Liability invested in 2.12% or 1.57M shares. Bancorporation Of America Corp De owns 172,006 shares. Engineers Gate Manager L P holds 13,307 shares or 0.03% of its portfolio. Van Hulzen Asset Mgmt Limited Com holds 0.07% or 9,147 shares. Bnp Paribas Arbitrage accumulated 1,477 shares. Moreover, Parametric Portfolio Assocs Limited Liability Com has 0% invested in Tristate Capital Holdings, Inc. (NASDAQ:TSC). State Street Corporation holds 0% or 673,696 shares. Us Retail Bank De owns 3,200 shares. Ny State Common Retirement Fund owns 0% invested in Tristate Capital Holdings, Inc. (NASDAQ:TSC) for 27,300 shares. 38 were reported by Federated Investors Pa. Carroll Financial Assoc has 0.16% invested in Tristate Capital Holdings, Inc. (NASDAQ:TSC).

Since May 18, 2018, it had 3 insider buys, and 5 insider sales for $113.82 million activity. GETZ JAMES F had sold 10,000 shares worth $297,673. On Friday, May 18 the insider YASINSKY JOHN B sold $159,000. $23,013 worth of Tristate Capital Holdings, Inc. (NASDAQ:TSC) shares were bought by Fetterolf Brian S. 2.20 million shares were sold by Minnick James E., worth $56.56M. $14,475 worth of Tristate Capital Holdings, Inc. (NASDAQ:TSC) shares were bought by Demas David J.

The stock of Tristate Capital Holdings Inc (NASDAQ:TSC) registered an increase of 6.75% in short interest. TSC’s total short interest was 1.19 million shares in October as published by FINRA. Its up 6.75% from 1.12M shares, reported previously. With 140,300 shares average volume, it will take short sellers 9 days to cover their TSC’s short positions. The short interest to Tristate Capital Holdings Inc’s float is 5.27%.

The stock decreased 3.00% or $0.81 during the last trading session, reaching $26.18. About 269,888 shares traded or 33.07% up from the average. Tristate Capital Holdings, Inc. (NASDAQ:TSC) has risen 39.90% since October 13, 2017 and is uptrending. It has outperformed by 24.28% the S&P500.

TriState Capital Holdings, Inc. operates as the bank holding firm 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 has market cap of $757.90 million. The firm operates in two divisions, Bank and Investment Management. It has a 16.26 P/E ratio. The Company’s deposit products include checking accounts, money market deposit accounts, and certificates of deposit, as well as promontory??s certificate of deposit account registry service and insured cash sweep services.

Tristate Capital Holdings, Inc. (NASDAQ:TSC) Ratings Coverage

Among 3 analysts covering Tristate Capital (NASDAQ:TSC), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Tristate Capital had 4 analyst reports since April 19, 2018 according to SRatingsIntel. Robert W. Baird maintained it with “Hold” rating and $2700 target in Thursday, April 19 report. The stock of Tristate Capital Holdings, Inc. (NASDAQ:TSC) earned “Buy” rating by Keefe Bruyette & Woods on Thursday, April 19. As per Friday, April 20, the company rating was maintained by Maxim Group. Maxim Group maintained the stock with “Buy” rating in Friday, July 20 report.

Tristate Capital Holdings, Inc. (NASDAQ:TSC) Institutional Positions Chart

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