Panagora Asset Management Inc. lessened its holdings in TriCo Bancshares (NASDAQ:TCBK – Get Rating) by 0.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 89,482 shares of the financial services provider’s stock after selling 763 shares during the quarter. Panagora Asset Management Inc. owned 0.27% of TriCo Bancshares worth $4,563,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently added to or reduced their stakes in the business. Barclays PLC boosted its holdings in TriCo Bancshares by 260.4% in the 4th quarter. Barclays PLC now owns 11,404 shares of the financial services provider’s stock valued at $581,000 after purchasing an additional 8,240 shares in the last quarter. Credit Suisse AG boosted its holdings in TriCo Bancshares by 29.8% in the 4th quarter. Credit Suisse AG now owns 33,657 shares of the financial services provider’s stock valued at $1,716,000 after purchasing an additional 7,726 shares in the last quarter. Geode Capital Management LLC boosted its holdings in TriCo Bancshares by 4.3% in the 4th quarter. Geode Capital Management LLC now owns 624,945 shares of the financial services provider’s stock valued at $31,865,000 after purchasing an additional 26,013 shares in the last quarter. American Century Companies Inc. boosted its holdings in TriCo Bancshares by 15.2% in the 4th quarter. American Century Companies Inc. now owns 115,896 shares of the financial services provider’s stock valued at $5,910,000 after purchasing an additional 15,286 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in TriCo Bancshares by 156.5% in the 4th quarter. Bank of America Corp DE now owns 26,346 shares of the financial services provider’s stock valued at $1,343,000 after purchasing an additional 16,073 shares in the last quarter. Hedge funds and other institutional investors own 60.69% of the company’s stock.
Insider Buying and Selling at TriCo Bancshares
In other TriCo Bancshares news, Director Michael W. Koehnen purchased 5,000 shares of the business’s stock in a transaction on Wednesday, May 31st. The stock was bought at an average cost of $33.00 per share, for a total transaction of $165,000.00. Following the acquisition, the director now owns 113,974 shares of the company’s stock, valued at approximately $3,761,142. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other TriCo Bancshares news, Director Michael W. Koehnen purchased 5,000 shares of the business’s stock in a transaction on Wednesday, May 31st. The stock was bought at an average cost of $33.00 per share, for a total transaction of $165,000.00. Following the acquisition, the director now owns 113,974 shares of the company’s stock, valued at approximately $3,761,142. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Cory W. Giese sold 1,793 shares of the business’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $38.00, for a total value of $68,134.00. Following the completion of the transaction, the director now owns 12,500 shares of the company’s stock, valued at $475,000. The disclosure for this sale can be found here. 4.33% of the stock is currently owned by insiders.
Analysts Set New Price Targets
TriCo Bancshares Trading Down 3.5 %
Shares of TriCo Bancshares stock opened at $37.14 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.80 and a quick ratio of 0.80. TriCo Bancshares has a 1 year low of $28.66 and a 1 year high of $58.62. The company has a market capitalization of $1.23 billion, a P/E ratio of 8.82 and a beta of 0.56. The business has a 50 day moving average price of $35.79 and a 200 day moving average price of $44.59.
TriCo Bancshares (NASDAQ:TCBK – Get Rating) last issued its quarterly earnings data on Wednesday, April 26th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.06). TriCo Bancshares had a return on equity of 13.52% and a net margin of 31.25%. The company had revenue of $106.97 million for the quarter, compared to analyst estimates of $111.90 million. Sell-side analysts anticipate that TriCo Bancshares will post 3.86 EPS for the current fiscal year.
TriCo Bancshares Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 23rd. Shareholders of record on Friday, June 9th will be issued a $0.30 dividend. The ex-dividend date is Thursday, June 8th. This represents a $1.20 annualized dividend and a yield of 3.23%. TriCo Bancshares’s dividend payout ratio (DPR) is presently 28.50%.
About TriCo Bancshares
TriCo Bancshares is a bank holding company, which engages in the provision of banking services to retail customers and small to medium-sized businesses. It offers personal and business accounts, personal and business loans and credit, and personal and business services. The company was founded on October 13, 1981 and is headquartered in Chico, CA.
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