B. Riley FBR analyst Steve Moss last night initiated coverage of TriState Capital Holdings with a Buy rating and $27 price target. The analyst likes the company for its "growth potential and unique business model" of private banking, commercial lending, and asset management, which he expects to deliver double-digit earnings growth. TriState Capital's private banking loans should continue to drive "significant" growth as the bank expands its financial intermediaries network and its product gains greater acceptance with financial advisors, Moss tells investors in a research note. He expects the company's earnings growth to accelerate in 2020 and finds the stock's current valuation as attractive.