BidaskClub upgraded shares of TriCo Bancshares (NASDAQ:TCBK) from a sell rating to a hold rating in a research report report published on Tuesday morning.
Several other equities research analysts also recently issued reports on the company. Zacks Investment Research raised TriCo Bancshares from a sell rating to a hold rating in a research report on Wednesday, October 10th. ValuEngine downgraded TriCo Bancshares from a hold rating to a sell rating in a research report on Friday, October 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $43.60.
NASDAQ TCBK traded up $0.12 during trading on Tuesday, hitting $36.56. 2,372 shares of the company traded hands, compared to its average volume of 62,384. TriCo Bancshares has a 12 month low of $33.35 and a 12 month high of $43.79. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market cap of $1.11 billion, a P/E ratio of 17.61, a price-to-earnings-growth ratio of 1.45 and a beta of 0.82.
TriCo Bancshares (NASDAQ:TCBK) last issued its quarterly earnings results on Monday, October 29th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.53. The company had revenue of $72.68 million for the quarter, compared to the consensus estimate of $72.54 million. TriCo Bancshares had a return on equity of 11.22% and a net margin of 18.77%. On average, equities analysts expect that TriCo Bancshares will post 2.53 EPS for the current year.
Several large investors have recently modified their holdings of TCBK. SG Americas Securities LLC acquired a new stake in shares of TriCo Bancshares in the second quarter valued at about $110,000. First Quadrant L P CA acquired a new stake in TriCo Bancshares during the third quarter worth about $121,000. Creative Planning acquired a new stake in TriCo Bancshares during the third quarter worth about $202,000. Alpine Woods Capital Investors LLC acquired a new stake in TriCo Bancshares during the second quarter worth about $262,000. Finally, Virginia Retirement Systems ET AL acquired a new stake in TriCo Bancshares during the second quarter worth about $386,000. 53.82% of the stock is currently owned by institutional investors.
About TriCo Bancshares
TriCo Bancshares operates as a bank holding company for Tri Counties Bank that provides commercial banking services to retail customers and small to medium-sized businesses. It accepts demand, savings, and money market accounts, as well as time deposits; and provides residential and commercial real estate mortgage, consumer, commercial, agricultural, and real estate construction loans.
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