Bailard Inc. Buys New Holdings in TriCo Bancshares (TCBK)

Bailard Inc. bought a new position in shares of TriCo Bancshares (NASDAQ:TCBK) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 36,500 shares of the financial services provider’s stock, valued at approximately $1,382,000. Bailard Inc. owned 0.16% of TriCo Bancshares as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in TCBK. FMR LLC boosted its holdings in shares of TriCo Bancshares by 45.1% during the 2nd quarter. FMR LLC now owns 697,792 shares of the financial services provider’s stock worth $24,527,000 after buying an additional 216,734 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of TriCo Bancshares by 39.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 546,175 shares of the financial services provider’s stock worth $22,004,000 after buying an additional 153,680 shares during the period. Eagle Asset Management Inc. boosted its holdings in shares of TriCo Bancshares by 43.8% during the 3rd quarter. Eagle Asset Management Inc. now owns 279,929 shares of the financial services provider’s stock worth $11,435,000 after buying an additional 85,241 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of TriCo Bancshares by 3.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,114,530 shares of the financial services provider’s stock worth $45,417,000 after buying an additional 37,461 shares during the period. Finally, American Century Companies Inc. boosted its holdings in shares of TriCo Bancshares by 331.9% during the 4th quarter. American Century Companies Inc. now owns 46,628 shares of the financial services provider’s stock worth $1,765,000 after buying an additional 35,831 shares during the period. 68.38% of the stock is owned by institutional investors and hedge funds.

Shares of TriCo Bancshares (NASDAQ TCBK) opened at $37.63 on Friday. TriCo Bancshares has a 12 month low of $32.76 and a 12 month high of $43.79. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.31. The firm has a market cap of $854.65, a PE ratio of 17.90, a price-to-earnings-growth ratio of 1.41 and a beta of 0.89.

TriCo Bancshares (NASDAQ:TCBK) last issued its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.08). TriCo Bancshares had a return on equity of 9.74% and a net margin of 17.52%. The business had revenue of $57.57 million during the quarter, compared to analyst estimates of $58.45 million. equities analysts expect that TriCo Bancshares will post 2.64 earnings per share for the current fiscal year.

Several analysts have weighed in on TCBK shares. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $43.00 price objective on shares of TriCo Bancshares in a research note on Thursday, December 14th. Zacks Investment Research cut shares of TriCo Bancshares from a “buy” rating to a “hold” rating in a research note on Wednesday. FIG Partners cut shares of TriCo Bancshares from an “outperform” rating to a “market perform” rating in a research note on Wednesday, December 13th. BidaskClub upgraded shares of TriCo Bancshares from a “strong sell” rating to a “sell” rating in a research note on Monday, February 5th. Finally, ValuEngine cut shares of TriCo Bancshares from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $41.00.

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TriCo Bancshares Company Profile

TriCo Bancshares is a bank holding company. The Company’s principal subsidiary is Tri Counties Bank, a California-chartered commercial bank (the Bank). The Bank offers banking services to retail customers and small to medium-sized businesses through 68 branch offices in Northern and Central California.

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Institutional Ownership by Quarter for TriCo Bancshares (NASDAQ:TCBK)

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