San Luis Wealth Advisors LLC Sells 43,484 Shares of TriCo Bancshares (NASDAQ:TCBK)

San Luis Wealth Advisors LLC lessened its stake in shares of TriCo Bancshares (NASDAQ:TCBK - Free Report) by 44.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 53,600 shares of the financial services provider's stock after selling 43,484 shares during the quarter. San Luis Wealth Advisors LLC owned about 0.16% of TriCo Bancshares worth $2,142,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Ironwood Investment Management LLC lifted its stake in TriCo Bancshares by 1.6% during the fourth quarter. Ironwood Investment Management LLC now owns 15,670 shares of the financial services provider's stock valued at $685,000 after buying an additional 253 shares in the last quarter. Summit Investment Advisors Inc. grew its position in TriCo Bancshares by 8.4% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,347 shares of the financial services provider's stock worth $146,000 after acquiring an additional 258 shares in the last quarter. Two Sigma Securities LLC boosted its holdings in TriCo Bancshares by 8.5% in the fourth quarter. Two Sigma Securities LLC now owns 5,668 shares of the financial services provider's stock worth $248,000 after purchasing an additional 446 shares in the last quarter. LPL Financial LLC increased its holdings in shares of TriCo Bancshares by 4.1% during the 4th quarter. LPL Financial LLC now owns 11,704 shares of the financial services provider's stock valued at $511,000 after acquiring an additional 466 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in TriCo Bancshares by 3.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,191 shares of the financial services provider's stock valued at $795,000 after purchasing an additional 616 shares during the last quarter. Institutional investors own 59.11% of the company's stock.

TriCo Bancshares Trading Up 0.7%

NASDAQ:TCBK traded up $0.26 during trading hours on Thursday, hitting $38.78. 81,636 shares of the stock were exchanged, compared to its average volume of 116,114. The company's 50 day moving average is $39.33 and its two-hundred day moving average is $41.81. The company has a market capitalization of $1.27 billion, a P/E ratio of 11.31 and a beta of 0.61. TriCo Bancshares has a twelve month low of $35.20 and a twelve month high of $51.06. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.15.

TriCo Bancshares (NASDAQ:TCBK - Get Free Report) last issued its earnings results on Thursday, April 24th. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.02. TriCo Bancshares had a net margin of 21.41% and a return on equity of 9.28%. The company had revenue of $98.62 million for the quarter, compared to analyst estimates of $99.59 million. On average, 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 announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be given a dividend of $0.33 per share. The ex-dividend date is Friday, June 6th. This represents a $1.32 annualized dividend and a dividend yield of 3.40%. TriCo Bancshares's payout ratio is currently 38.48%.

Analyst Ratings Changes

TCBK has been the topic of several recent analyst reports. Keefe, Bruyette & Woods dropped their price target on 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. Stephens restated an "overweight" rating and set a $47.00 target price on shares of TriCo Bancshares in a research report on Monday, April 28th. Finally, Raymond James Financial reduced 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. Three equities 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, TriCo Bancshares presently has a consensus rating of "Moderate Buy" and an average price target of $47.80.

TriCo Bancshares Company 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.