Banc Funds Co buys $29,826,714 stake in Tristate Capital Holdings Inc (TSC)

Tristate Capital Holdings Inc (TSC) : Banc Funds Co scooped up 14,569 additional shares in Tristate Capital Holdings Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 2,049,946 shares of Tristate Capital Holdings Inc which is valued at $29,826,714.Tristate Capital Holdings Inc makes up approximately 1.66% of Banc Funds Co’s portfolio.

Other Hedge Funds, Including , Renaissance Technologies boosted its stake in TSC in the latest quarter, The investment management firm added 24,692 additional shares and now holds a total of 210,192 shares of Tristate Capital Holdings Inc which is valued at $3,058,294. Tristate Capital Holdings Inc makes up approx 0.01% of Renaissance Technologies’s portfolio.Rhumbline Advisers reduced its stake in TSC by selling 6,211 shares or 19.84% in the most recent quarter. The Hedge Fund company now holds 25,088 shares of TSC which is valued at $365,030.Vanguard Group Inc boosted its stake in TSC in the latest quarter, The investment management firm added 65,675 additional shares and now holds a total of 699,151 shares of Tristate Capital Holdings Inc which is valued at $10,172,647. New York State Teachers Retirement System sold out all of its stake in TSC during the most recent quarter. The investment firm sold 1,800 shares of TSC which is valued $26,586.

Tristate Capital Holdings Inc opened for trading at $14.93 and hit $15 on the upside on Monday, eventually ending the session at $14.96, with a gain of 0.27% or 0.04 points. The heightened volatility saw the trading volume jump to 16,103 shares. Company has a market cap of $422 M.

Many Wall Street Analysts have commented on Tristate Capital Holdings Inc. Company shares were Reiterated by Maxim Group on Jul 22, 2016 to “Buy”, Firm has raised the Price Target to $ 17 from a previous price target of $16 .

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.

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