Victory Capital Management Inc. lifted its holdings in TriCo Bancshares (NASDAQ:TCBK) by 8.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,373 shares of the financial services provider’s stock after purchasing an additional 4,165 shares during the quarter. Victory Capital Management Inc.’s holdings in TriCo Bancshares were worth $2,134,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in shares of TriCo Bancshares by 3.5% in 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 purchasing an additional 37,461 shares in the last quarter. Vanguard Group Inc. lifted its position in TriCo Bancshares by 4.2% during the 2nd quarter. Vanguard Group Inc. now owns 873,001 shares of the financial services provider’s stock worth $30,686,000 after acquiring an additional 35,343 shares during the period. Northern Trust Corp lifted its position in TriCo Bancshares by 1.7% during the 2nd quarter. Northern Trust Corp now owns 570,982 shares of the financial services provider’s stock worth $20,069,000 after acquiring an additional 9,571 shares during the period. JPMorgan Chase & Co. lifted its position in 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 acquiring an additional 153,680 shares during the period. Finally, State Street Corp lifted its position in TriCo Bancshares by 5.8% during the 2nd quarter. State Street Corp now owns 424,641 shares of the financial services provider’s stock worth $14,928,000 after acquiring an additional 23,302 shares during the period. 71.49% of the stock is owned by hedge funds and other institutional investors.
TCBK has been the subject of a number of research reports. Zacks Investment Research cut TriCo Bancshares from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $43.00 price target on shares of TriCo Bancshares in a research report on Thursday, December 14th. FIG Partners cut TriCo Bancshares from an “outperform” rating to a “market perform” rating in a research report on Wednesday, December 13th. ValuEngine cut TriCo Bancshares from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Finally, BidaskClub cut TriCo Bancshares from a “hold” rating to a “sell” rating in a research report on Friday, December 15th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $41.00.
Shares of TriCo Bancshares (NASDAQ:TCBK) opened at $38.02 on Thursday. TriCo Bancshares has a 52-week low of $32.76 and a 52-week high of $43.79. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market capitalization of $854.88, 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 (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.08). The company had revenue of $57.57 million during the quarter, compared to analyst estimates of $58.45 million. TriCo Bancshares had a net margin of 17.52% and a return on equity of 9.74%. equities analysts forecast that TriCo Bancshares will post 2.64 earnings per share for the current year.
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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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