Federated Investors Inc. PA reduced its position in TriCo Bancshares (NASDAQ:TCBK) by 4.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,184 shares of the financial services provider’s stock after selling 664 shares during the period. Federated Investors Inc. PA owned approximately 0.06% of TriCo Bancshares worth $451,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. Catalyst Capital Advisors LLC bought a new position in shares of TriCo Bancshares during the third quarter worth approximately $157,000. Aperio Group LLC bought a new position in shares of TriCo Bancshares during the third quarter worth approximately $202,000. Abbrea Capital LLC bought a new position in shares of TriCo Bancshares during the fourth quarter worth approximately $205,000. Strs Ohio bought a new position in shares of TriCo Bancshares during the third quarter worth approximately $216,000. Finally, Sei Investments Co. increased its position in shares of TriCo Bancshares by 38.6% in the third quarter. Sei Investments Co. now owns 14,178 shares of the financial services provider’s stock worth $380,000 after buying an additional 3,947 shares in the last quarter. Institutional investors and hedge funds own 68.65% of the company’s stock.
Shares of TriCo Bancshares (NASDAQ:TCBK) traded up 0.34% during midday trading on Friday, hitting $35.18. 23,405 shares of the stock traded hands. TriCo Bancshares has a 52-week low of $23.90 and a 52-week high of $37.45. The company has a market cap of $804.60 million, a price-to-earnings ratio of 18.13 and a beta of 0.98. The stock has a 50-day moving average of $34.93 and a 200-day moving average of $32.75.
TriCo Bancshares (NASDAQ:TCBK) last posted its earnings results on Monday, January 30th. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. The company had revenue of $55.62 million for the quarter, compared to analysts’ expectations of $55.34 million. TriCo Bancshares had a return on equity of 9.47% and a net margin of 20.53%. On average, equities analysts predict that TriCo Bancshares will post $2.05 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Monday, March 20th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend was Thursday, March 16th. TriCo Bancshares’s payout ratio is 30.77%.
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Several equities research analysts have recently weighed in on the stock. FIG Partners raised shares of TriCo Bancshares from a “market-perform” rating to an “outperform” rating in a research report on Friday, January 6th. FBR & Co reaffirmed a “marketperform” rating on shares of TriCo Bancshares in a research report on Monday, April 10th. Finally, Zacks Investment Research raised shares of TriCo Bancshares from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research report on Wednesday, January 11th.
TriCo Bancshares Company 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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