Dimensional Fund Advisors LP Purchases 39,684 Shares of TriCo Bancshares (NASDAQ:TCBK)

Dimensional Fund Advisors LP boosted its stake in TriCo Bancshares (NASDAQ:TCBK - Free Report) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,634,684 shares of the financial services provider's stock after purchasing an additional 39,684 shares during the quarter. Dimensional Fund Advisors LP owned approximately 4.95% of TriCo Bancshares worth $71,436,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. FMR LLC boosted its position in shares of TriCo Bancshares by 18.1% in the fourth 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 during the period. Proficio Capital Partners LLC bought a new stake in TriCo Bancshares during the 4th quarter worth approximately $1,818,000. Franklin Resources Inc. lifted its stake 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 worth $68,546,000 after purchasing an additional 37,191 shares in the last quarter. Barclays PLC boosted its holdings in TriCo Bancshares by 127.0% in the 3rd quarter. Barclays PLC now owns 57,879 shares of the financial services provider's stock valued at $2,468,000 after purchasing an additional 32,379 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in shares of TriCo Bancshares by 23.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 160,987 shares of the financial services provider's stock valued at $7,035,000 after purchasing an additional 30,227 shares in the last quarter. Hedge funds and other institutional investors own 59.11% of the company's stock.

Wall Street Analysts Forecast Growth

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

TriCo Bancshares Price Performance

TCBK traded down $0.01 during trading on Tuesday, reaching $39.24. The stock had a trading volume of 13,956 shares, compared to its average volume of 116,223. The business has a 50-day moving average of $39.35 and a 200-day moving average of $43.10. TriCo Bancshares has a one year low of $35.20 and a one year high of $51.06. 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 stock has a market cap of $1.29 billion, a PE ratio of 11.31 and a beta of 0.59.

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

TriCo Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were issued a $0.33 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.36%. TriCo Bancshares's payout ratio is 38.48%.

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.