Raymond James Financial Services Advisors Inc. bought a new stake in TriCo Bancshares (NASDAQ:TCBK) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 6,009 shares of the financial services provider’s stock, valued at approximately $211,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in TriCo Bancshares during the second quarter valued at $129,000. Trexquant Investment LP purchased a new position in TriCo Bancshares during the second quarter valued at $243,000. Virtu KCG Holdings LLC purchased a new position in TriCo Bancshares during the second quarter valued at $248,000. Citadel Advisors LLC purchased a new position in TriCo Bancshares during the second quarter valued at $265,000. Finally, Aperio Group LLC raised its stake in TriCo Bancshares by 13.1% during the second quarter. Aperio Group LLC now owns 7,796 shares of the financial services provider’s stock valued at $274,000 after buying an additional 901 shares during the last quarter. Institutional investors own 68.59% of the company’s stock.
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TriCo Bancshares (TCBK) opened at $40.46 on Tuesday. The stock has a market capitalization of $916.05, a price-to-earnings ratio of 18.57, a price-to-earnings-growth ratio of 1.82 and a beta of 0.92. TriCo Bancshares has a one year low of $29.01 and a one year high of $43.22. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.79 and a current ratio of 0.79.
TriCo Bancshares (NASDAQ:TCBK) last posted its earnings results on Tuesday, October 31st. The financial services provider reported $0.51 EPS for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.03). The business had revenue of $57.01 million during the quarter, compared to the consensus estimate of $56.99 million. TriCo Bancshares had a return on equity of 10.17% and a net margin of 21.87%. equities research analysts forecast that TriCo Bancshares will post 2.19 EPS for the current fiscal year.
A number of research analysts have issued reports on the company. Zacks Investment Research cut TriCo Bancshares from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. BidaskClub cut TriCo Bancshares from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. TriCo Bancshares currently has an average rating of “Hold” and an average price target of $41.50.
In other TriCo Bancshares news, EVP Craig B. Carney sold 5,000 shares of TriCo Bancshares stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $36.00, for a total value of $180,000.00. Following the completion of the sale, the executive vice president now owns 18,294 shares of the company’s stock, valued at approximately $658,584. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 9.10% of the stock is currently owned by company insiders.
TriCo Bancshares 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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