Deutsche Bank AG Has $1.33 Million Stock Holdings in TriCo Bancshares (NASDAQ:TCBK)

Deutsche Bank AG increased its holdings in TriCo Bancshares (NASDAQ:TCBK - Free Report) by 51.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,525 shares of the financial services provider's stock after purchasing an additional 10,422 shares during the period. Deutsche Bank AG owned approximately 0.09% of TriCo Bancshares worth $1,334,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Bridgeway Capital Management LLC lifted its position in TriCo Bancshares by 42.8% during the 4th quarter. Bridgeway Capital Management LLC now owns 98,153 shares of the financial services provider's stock worth $4,289,000 after acquiring an additional 29,419 shares during the last quarter. Balyasny Asset Management L.P. lifted its position in TriCo Bancshares by 602.4% during the 4th quarter. Balyasny Asset Management L.P. now owns 33,841 shares of the financial services provider's stock worth $1,479,000 after acquiring an additional 29,023 shares during the last quarter. Bank of America Corp DE lifted its position in TriCo Bancshares by 8.2% during the 4th quarter. Bank of America Corp DE now owns 42,138 shares of the financial services provider's stock worth $1,841,000 after acquiring an additional 3,199 shares during the last quarter. Ameriprise Financial Inc. acquired a new position in TriCo Bancshares during the 4th quarter worth $1,199,000. Finally, Tudor Investment Corp ET AL lifted its position in TriCo Bancshares by 62.7% during the 4th quarter. Tudor Investment Corp ET AL now owns 78,908 shares of the financial services provider's stock worth $3,448,000 after acquiring an additional 30,405 shares during the last quarter. Institutional investors and hedge funds own 59.11% of the company's stock.

TriCo Bancshares Stock Performance

Shares of TCBK traded up $0.94 during trading hours on Tuesday, reaching $40.27. 93,328 shares of the company traded hands, compared to its average volume of 115,896. The stock's fifty day moving average is $39.00 and its 200 day moving average is $42.70. The stock has a market cap of $1.32 billion, a P/E ratio of 11.64 and a beta of 0.59. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.86 and a current ratio of 0.86. TriCo Bancshares has a 1-year low of $35.20 and a 1-year high of $51.06.

TriCo Bancshares (NASDAQ:TCBK - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.02. TriCo Bancshares had a net margin of 21.63% and a return on equity of 9.63%. The firm had revenue of $98.62 million during the quarter, compared to analyst estimates of $99.59 million. Equities research analysts anticipate that TriCo Bancshares will post 3.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Stephens reissued an "overweight" rating and set a $47.00 target price on shares of TriCo Bancshares in a research report on Monday, April 28th. Raymond James cut their target price on shares of TriCo Bancshares from $48.00 to $43.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of TriCo Bancshares from $48.00 to $46.00 and set a "market perform" rating for the company in a research report on Monday, April 28th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $47.80.

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.