Jane Street Group LLC Trims Stock Holdings in TriCo Bancshares (NASDAQ:TCBK)

Jane Street Group LLC cut its position in TriCo Bancshares (NASDAQ:TCBK - Free Report) by 54.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,009 shares of the financial services provider's stock after selling 15,824 shares during the period. Jane Street Group LLC's holdings in TriCo Bancshares were worth $568,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in TCBK. FMR LLC lifted its position in TriCo Bancshares by 18.1% in the 4th quarter. FMR LLC now owns 2,889,943 shares of the financial services provider's stock valued at $126,291,000 after acquiring an additional 443,858 shares in the last quarter. Bolthouse Investments LLC bought a new position in TriCo Bancshares in the 4th quarter valued at about $15,457,000. Proficio Capital Partners LLC bought a new position in TriCo Bancshares in the 4th quarter valued at about $1,818,000. Dimensional Fund Advisors LP lifted its position in TriCo Bancshares by 2.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,634,684 shares of the financial services provider's stock valued at $71,436,000 after acquiring an additional 39,684 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in TriCo Bancshares by 2.4% in the 4th quarter. Franklin Resources Inc. now owns 1,568,560 shares of the financial services provider's stock valued at $68,546,000 after acquiring an additional 37,191 shares in the last quarter. Institutional investors own 59.11% of the company's stock.

TriCo Bancshares Stock Performance

Shares of TriCo Bancshares stock traded down $0.22 during mid-day trading on Monday, hitting $39.68. 78,817 shares of the stock were exchanged, compared to its average volume of 115,531. TriCo Bancshares has a 12 month low of $35.20 and a 12 month high of $51.06. The company has a 50-day simple moving average of $38.92 and a 200 day simple moving average of $42.42. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market capitalization of $1.30 billion, a P/E ratio of 11.47 and a beta of 0.59.

TriCo Bancshares (NASDAQ:TCBK - Get Free Report) last posted its earnings results on Thursday, April 24th. The financial services provider reported $0.80 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 for the quarter, compared to analysts' expectations of $99.59 million. Sell-side analysts anticipate that TriCo Bancshares will post 3.35 earnings per share for the current fiscal year.

TriCo Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be issued a $0.33 dividend. The ex-dividend date is Friday, June 6th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.33%. TriCo Bancshares's dividend payout ratio (DPR) is presently 38.48%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Raymond James dropped their price target on shares of TriCo Bancshares from $48.00 to $43.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. 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. Finally, Keefe, Bruyette & Woods dropped their target price on shares of TriCo Bancshares from $48.00 to $46.00 and set a "market perform" rating on the stock in a research report on Monday, April 28th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $47.80.

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.