Vanguard Group Inc. raised its position in TriCo Bancshares (NASDAQ:TCBK – Free Report) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,922,988 shares of the financial services provider’s stock after acquiring an additional 38,311 shares during the quarter. Vanguard Group Inc. owned 0.06% of TriCo Bancshares worth $91,092,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in TriCo Bancshares by 0.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,683,048 shares of the financial services provider’s stock valued at $74,744,000 after acquiring an additional 14,748 shares in the last quarter. Goldman Sachs Group Inc. grew its position in TriCo Bancshares by 4.4% in the first quarter. Goldman Sachs Group Inc. now owns 643,656 shares of the financial services provider’s stock valued at $25,727,000 after acquiring an additional 27,193 shares in the last quarter. American Century Companies Inc. grew its position in TriCo Bancshares by 0.3% in the third quarter. American Century Companies Inc. now owns 466,052 shares of the financial services provider’s stock valued at $20,697,000 after acquiring an additional 1,591 shares in the last quarter. JPMorgan Chase & Co. grew its position in TriCo Bancshares by 13.4% in the third quarter. JPMorgan Chase & Co. now owns 361,435 shares of the financial services provider’s stock valued at $16,051,000 after acquiring an additional 42,657 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its position in TriCo Bancshares by 20.7% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 289,483 shares of the financial services provider’s stock valued at $12,856,000 after acquiring an additional 49,663 shares in the last quarter. Institutional investors and hedge funds own 59.11% of the company’s stock.
Wall Street Analyst Weigh In
Several brokerages have issued reports on TCBK. Piper Sandler increased their price objective on shares of TriCo Bancshares from $59.00 to $63.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. DA Davidson increased their price objective on shares of TriCo Bancshares from $51.00 to $54.00 and gave the company a “neutral” rating in a research report on Friday, January 23rd. Stephens increased their price objective on shares of TriCo Bancshares from $54.00 to $55.00 and gave the company an “overweight” rating in a research report on Monday, January 26th. Keefe, Bruyette & Woods increased their price objective on shares of TriCo Bancshares from $50.00 to $55.00 and gave the company a “market perform” rating in a research report on Monday, January 26th. Finally, Weiss Ratings upgraded TriCo Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $54.60.
TriCo Bancshares Stock Performance
TriCo Bancshares stock opened at $49.28 on Thursday. The stock has a market cap of $1.57 billion, a P/E ratio of 12.48 and a beta of 0.61. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.04. The stock has a 50 day moving average of $48.77 and a 200-day moving average of $48.44. TriCo Bancshares has a 52 week low of $36.32 and a 52 week high of $53.18.
TriCo Bancshares (NASDAQ:TCBK – Get Free Report) last released its earnings results on Monday, March 2nd. The financial services provider reported $1.03 EPS for the quarter. The company had revenue of $111.21 million during the quarter. TriCo Bancshares had a return on equity of 9.87% and a net margin of 23.71%. On average, analysts expect that TriCo Bancshares will post 4.22 EPS for the current fiscal year.
TriCo Bancshares Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Friday, March 6th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Friday, March 6th. TriCo Bancshares’s dividend payout ratio is 36.46%.
TriCo Bancshares Profile
TriCo Bancshares, Inc is the bank holding company for Tri Counties Bank, a community-oriented financial institution headquartered in Chico, California. Through its wholly owned subsidiary, the company provides a comprehensive range of banking and financial services to individuals, small businesses, and commercial clients. Offering a full suite of deposit accounts, lending solutions and digital banking tools, TriCo Bancshares combines personalized service with modern technology to meet the evolving needs of its customers.
The company’s core products and services include commercial and consumer lending, deposit and cash management solutions, mortgage banking, and agricultural financing.
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