TriCo Bancshares (NASDAQ:TCBK) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of TriCo Bancshares (NASDAQ:TCBK) have earned an average recommendation of “Moderate Buy” from the four research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $42.00.

A number of research analysts recently weighed in on the stock. StockNews.com upgraded shares of TriCo Bancshares from a “sell” rating to a “hold” rating in a research note on Tuesday, April 30th. Janney Montgomery Scott reaffirmed a “neutral” rating on shares of TriCo Bancshares in a report on Friday.

Insider Buying and Selling at TriCo Bancshares

In related news, EVP Craig B. Carney sold 757 shares of TriCo Bancshares stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $38.00, for a total transaction of $28,766.00. Following the completion of the sale, the executive vice president now owns 32,325 shares of the company’s stock, valued at $1,228,350. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 4.64% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Lindbrook Capital LLC increased its stake in TriCo Bancshares by 124.6% in the fourth quarter. Lindbrook Capital LLC now owns 793 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 440 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of TriCo Bancshares by 470.9% during the 4th quarter. Quadrant Capital Group LLC now owns 942 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 777 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of TriCo Bancshares by 8.2% during the 1st quarter. SG Americas Securities LLC now owns 3,788 shares of the financial services provider’s stock valued at $139,000 after buying an additional 287 shares in the last quarter. ProShare Advisors LLC lifted its position in TriCo Bancshares by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 5,585 shares of the financial services provider’s stock worth $205,000 after buying an additional 439 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new stake in TriCo Bancshares in the first quarter worth approximately $227,000. 59.11% of the stock is currently owned by institutional investors.

TriCo Bancshares Stock Performance

TCBK traded down $0.57 during trading hours on Friday, hitting $47.38. The stock had a trading volume of 23,664 shares, compared to its average volume of 118,437. TriCo Bancshares has a 1 year low of $29.38 and a 1 year high of $48.80. The company’s fifty day simple moving average is $39.04 and its 200 day simple moving average is $36.87. The stock has a market cap of $1.57 billion, a PE ratio of 14.56 and a beta of 0.56. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.42.

TriCo Bancshares (NASDAQ:TCBK) last posted its earnings results on Thursday, July 25th. The financial services provider reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.07. TriCo Bancshares had a net margin of 21.25% and a return on equity of 9.75%. The firm had revenue of $97.86 million during the quarter, compared to the consensus estimate of $98.55 million. Equities analysts anticipate that TriCo Bancshares will post 3.21 earnings per share for the current year.

TriCo Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, June 7th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date was Friday, June 7th. TriCo Bancshares’s dividend payout ratio (DPR) is presently 40.24%.

TriCo Bancshares Company Profile

TriCo Bancshares operates as a bank holding company for Tri Counties Bank that provides commercial banking services to individual and corporate customers. The company accepts demand, savings, and time deposits. It also provides small business loans; real estate mortgage loans, such as residential and commercial loans; consumer loans; mortgage, auto, other vehicle, and personal loans; commercial loans, including agricultural loans; and real estate construction loans.