Curi RMB Capital LLC Buys 5,314 Shares of TriCo Bancshares (NASDAQ:TCBK)

Curi RMB Capital LLC grew its stake in shares of TriCo Bancshares (NASDAQ:TCBK) by 1.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 346,833 shares of the financial services provider’s stock after acquiring an additional 5,314 shares during the quarter. Curi RMB Capital LLC owned about 1.05% of TriCo Bancshares worth $14,792,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. BNP Paribas Financial Markets boosted its holdings in TriCo Bancshares by 200.3% in the first quarter. BNP Paribas Financial Markets now owns 24,384 shares of the financial services provider’s stock worth $897,000 after purchasing an additional 16,263 shares during the last quarter. Russell Investments Group Ltd. increased its position in TriCo Bancshares by 58.5% during the first quarter. Russell Investments Group Ltd. now owns 98,469 shares of the financial services provider’s stock valued at $3,622,000 after acquiring an additional 36,362 shares during the last quarter. Quadrature Capital Ltd bought a new position in TriCo Bancshares in the first quarter valued at about $489,000. State Board of Administration of Florida Retirement System boosted its position in TriCo Bancshares by 88.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 16,686 shares of the financial services provider’s stock worth $614,000 after purchasing an additional 7,810 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of TriCo Bancshares by 4.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 28,895 shares of the financial services provider’s stock valued at $1,063,000 after purchasing an additional 1,119 shares during the period. 59.11% of the stock is currently owned by institutional investors.

Insider Activity at TriCo Bancshares

In related news, Director Michael W. Koehnen sold 1,400 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $45.20, for a total value of $63,280.00. Following the sale, the director now directly owns 3,000 shares in the company, valued at approximately $135,600. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Michael W. Koehnen sold 1,400 shares of the business’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $45.20, for a total value of $63,280.00. Following the sale, the director now owns 3,000 shares in the company, valued at approximately $135,600. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Cory W. Giese sold 3,465 shares of TriCo Bancshares stock in a transaction on Friday, August 16th. The stock was sold at an average price of $43.11, for a total transaction of $149,376.15. Following the completion of the transaction, the director now directly owns 11,228 shares of the company’s stock, valued at $484,039.08. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.64% of the stock is currently owned by corporate insiders.

TriCo Bancshares Trading Down 1.1 %

Shares of TCBK stock opened at $47.84 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a fifty day simple moving average of $43.59 and a two-hundred day simple moving average of $41.48. The firm has a market capitalization of $1.58 billion, a PE ratio of 14.24 and a beta of 0.54. TriCo Bancshares has a 52-week low of $31.73 and a 52-week high of $50.63.

TriCo Bancshares (NASDAQ:TCBK) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.06. TriCo Bancshares had a return on equity of 9.45% and a net margin of 21.12%. The firm had revenue of $133.84 million during the quarter, compared to analysts’ expectations of $98.65 million. On average, analysts predict that TriCo Bancshares will post 3.38 EPS for the current fiscal year.

TriCo Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were given a dividend of $0.33 per share. The ex-dividend date was Friday, September 6th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.76%. TriCo Bancshares’s dividend payout ratio is 39.29%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on TCBK shares. Stephens dropped their price objective on shares of TriCo Bancshares from $52.00 to $50.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Piper Sandler cut their price objective on shares of TriCo Bancshares from $53.00 to $50.00 and set an “overweight” rating for the company in a research report on Monday, October 28th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $48.00 target price (up from $42.00) on shares of TriCo Bancshares in a report on Monday, July 29th. Janney Montgomery Scott reissued a “neutral” rating on shares of TriCo Bancshares in a report on Friday, July 26th. Finally, DA Davidson cut TriCo Bancshares from a “buy” rating to a “neutral” rating and upped their price target for the stock from $50.00 to $53.00 in a research report on Tuesday. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, TriCo Bancshares has an average rating of “Hold” and an average price target of $48.20.

About TriCo Bancshares

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.