Russell Investments Group Ltd. raised its stake in shares of TriCo Bancshares (NASDAQ:TCBK – Get Ranking) by 4.1% throughout the first quarter, in keeping with the corporate in its most up-to-date 13F submitting with the SEC. The fund owned 65,329 shares of the monetary providers supplier’s inventory after shopping for an extra 2,588 shares throughout the quarter. Russell Investments Group Ltd. owned about 0.19% of TriCo Bancshares price $2,615,00Zero on the finish of the latest reporting interval.

A variety of different giant buyers have additionally lately purchased and bought shares of the inventory. Chico Wealth RIA acquired a brand new stake in shares of TriCo Bancshares throughout the first quarter price $1,719,000. Stieven Capital Advisors L.P. boosted its holdings in shares of TriCo Bancshares by 10.7% throughout the fourth quarter. Stieven Capital Advisors L.P. now owns 201,785 shares of the monetary providers supplier’s inventory price $8,669,00Zero after buying an extra 19,515 shares over the last quarter. Allspring World Investments Holdings LLC acquired a brand new stake in shares of TriCo Bancshares throughout the fourth quarter price $827,000. Krilogy Monetary LLC acquired a brand new stake in shares of TriCo Bancshares throughout the first quarter price $755,000. Lastly, Barclays PLC boosted its holdings in shares of TriCo Bancshares by 31.1% throughout the fourth quarter. Barclays PLC now owns 63,829 shares of the monetary providers supplier’s inventory price $2,742,00Zero after buying an extra 15,154 shares over the last quarter. Institutional buyers and hedge funds personal 57.69% of the corporate’s inventory.

Insider Shopping for and Promoting at TriCo Bancshares

In different TriCo Bancshares information, Director Cory W. Giese bought 2,500 shares of the agency’s inventory in a transaction dated Tuesday, Might 17th. The inventory was bought at a mean worth of $42.00, for a complete worth of $105,000.00. Following the transaction, the director now straight owns 9,503 shares of the corporate’s inventory, valued at $399,126. The transaction was disclosed in a submitting with the Securities & Trade Fee, which is out there at the SEC web site. 4.10% of the inventory is presently owned by company insiders.

Analysts Set New Worth Targets

TCBK has been the subject of a number of analyst stories. Janney Montgomery Scott upgraded TriCo Bancshares from a “impartial” score to a “purchase” score and set a $49.00 worth goal on the inventory in a report on Tuesday, Might third. Raymond James elevated their goal worth on TriCo Bancshares from $44.00 to $48.00 and gave the inventory an “outperform” score in a analysis report on Thursday, July seventh. Piper Sandler elevated their goal worth on TriCo Bancshares to $56.00 in a analysis report on Monday, July 4th. Lastly, Stephens raised TriCo Bancshares from an “equal weight” score to an “chubby” score and elevated their goal worth for the inventory from $46.00 to $48.00 in a analysis report on Wednesday, Might 11th. One analyst has rated the inventory with a maintain score and 5 have given a purchase score to the inventory. In accordance with MarketBeat, the corporate presently has a consensus score of “Reasonable Purchase” and a consensus goal worth of $49.60.

TriCo Bancshares Buying and selling Up 1.5 %

NASDAQ:TCBK opened at $48.27 on Monday. The enterprise’s 50-day shifting common is $46.06 and its two-hundred day shifting common is $43.41. The corporate has a debt-to-equity ratio of 0.13, a present ratio of 0.75 and a fast ratio of 0.78. TriCo Bancshares has a 12 month low of $37.41 and a 12 month excessive of $48.59. The agency has a market capitalization of $1.61 billion, a PE ratio of 13.95 and a beta of 0.50.

TriCo Bancshares (NASDAQ:TCBK – Get Ranking) final launched its quarterly earnings information on Wednesday, July 27th. The monetary providers supplier reported $0.93 EPS for the quarter, lacking the consensus estimate of $0.99 by ($0.06). TriCo Bancshares had a web margin of 29.83% and a return on fairness of 10.39%. Analysis analysts predict that TriCo Bancshares will put up 3.89 earnings per share for the present fiscal yr.

TriCo Bancshares Dividend Announcement

The enterprise additionally lately disclosed a quarterly dividend, which was paid on Friday, June 24th. Shareholders of document on Friday, June 10th got a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of two.07%. The ex-dividend date was Thursday, June ninth. TriCo Bancshares’s dividend payout ratio (DPR) is presently 28.90%.

TriCo Bancshares Firm Profile

(Get Ranking)

TriCo Bancshares operates as a financial institution holding firm for Tri Counties Financial institution that gives business banking providers to particular person and company clients. The corporate accepts demand, financial savings, and time deposits. It additionally gives small enterprise loans; actual property mortgage loans, corresponding to residential and business loans; client loans; business loans, together with agricultural loans; and actual property building loans.

See Additionally

Need to see what different hedge funds are holding TCBK? Go to HoldingsChannel.com to get the most recent 13F filings and insider trades for TriCo Bancshares (NASDAQ:TCBK – Get Ranking).

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