TriCo Bancshares (NASDAQ:TCBK) Shares Sold by Jane Street Group LLC

Jane Street Group LLC cut its holdings in TriCo Bancshares (NASDAQ:TCBK - Free Report) by 54.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,009 shares of the financial services provider's stock after selling 15,824 shares during the quarter. Jane Street Group LLC's holdings in TriCo Bancshares were worth $568,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in TCBK. Sterling Capital Management LLC lifted its position in TriCo Bancshares by 800.0% during the 4th quarter. Sterling Capital Management LLC now owns 1,008 shares of the financial services provider's stock worth $44,000 after acquiring an additional 896 shares during the period. Aquatic Capital Management LLC raised its stake in shares of TriCo Bancshares by 129.5% during the fourth quarter. Aquatic Capital Management LLC now owns 2,295 shares of the financial services provider's stock worth $100,000 after purchasing an additional 1,295 shares during the last quarter. Summit Investment Advisors Inc. lifted its holdings in shares of TriCo Bancshares by 8.4% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,347 shares of the financial services provider's stock worth $146,000 after purchasing an additional 258 shares during the period. Aigen Investment Management LP acquired a new stake in shares of TriCo Bancshares during the fourth quarter worth $203,000. Finally, Pictet Asset Management Holding SA purchased a new position in TriCo Bancshares in the 4th quarter valued at $203,000. 59.11% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

TriCo Bancshares Price Performance

TriCo Bancshares stock traded down $0.03 during midday trading on Friday, reaching $40.17. The company's stock had a trading volume of 119,835 shares, compared to its average volume of 116,007. The firm has a market capitalization of $1.32 billion, a PE ratio of 11.61 and a beta of 0.59. TriCo Bancshares has a fifty-two week low of $35.20 and a fifty-two week high of $51.06. The stock's 50 day simple moving average is $38.94 and its 200 day simple moving average is $42.54. 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 (NASDAQ:TCBK - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.78 by $0.02. The business had revenue of $98.62 million during the quarter, compared to the consensus estimate of $99.59 million. TriCo Bancshares had a net margin of 21.63% and a return on equity of 9.63%. On average, equities research analysts forecast that TriCo Bancshares will post 3.35 earnings per share for the current year.

TriCo Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.29%. The ex-dividend date is Friday, June 6th. TriCo Bancshares's dividend payout ratio (DPR) is 38.48%.

TriCo Bancshares Profile

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.