Deprince Race & Zollo Inc. decreased its holdings in shares of TriCo Bancshares (NASDAQ:TCBK - Free Report) by 10.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 122,175 shares of the financial services provider's stock after selling 13,632 shares during the period. Deprince Race & Zollo Inc. owned approximately 0.37% of TriCo Bancshares worth $5,339,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently made changes to their positions in the business. Ironwood Investment Management LLC boosted its position in shares of TriCo Bancshares by 1.6% during the 4th quarter. Ironwood Investment Management LLC now owns 15,670 shares of the financial services provider's stock valued at $685,000 after purchasing an additional 253 shares in the last quarter. Summit Investment Advisors Inc. boosted its holdings in shares of 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 buying an additional 258 shares during the period. Two Sigma Securities LLC boosted its holdings in shares of 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 buying an additional 446 shares during the period. LPL Financial LLC boosted its holdings in shares of TriCo Bancshares by 4.1% in the fourth quarter. LPL Financial LLC now owns 11,704 shares of the financial services provider's stock worth $511,000 after buying an additional 466 shares during the period. Finally, Rhumbline Advisers boosted its holdings in shares of TriCo Bancshares by 1.1% in the fourth quarter. Rhumbline Advisers now owns 59,033 shares of the financial services provider's stock worth $2,580,000 after buying an additional 652 shares during the period. Institutional investors own 59.11% of the company's stock.
Analyst Ratings Changes
TCBK has been the subject of several recent analyst reports. Raymond James decreased their target price 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. Keefe, Bruyette & Woods decreased their target price on shares of TriCo Bancshares from $48.00 to $46.00 and set a "market perform" rating for the company in a report on Monday, April 28th. Finally, Stephens reiterated an "overweight" rating and issued a $47.00 target price on shares of TriCo Bancshares in a report on Monday, April 28th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, TriCo Bancshares has an average rating of "Moderate Buy" and an average price target of $47.80.
Read Our Latest Stock Report on TCBK
TriCo Bancshares Stock Down 0.1%
Shares of TCBK stock traded down $0.03 during trading on Tuesday, hitting $41.26. 63,379 shares of the company were exchanged, compared to its average volume of 116,065. 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 firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 11.92 and a beta of 0.59. The business's 50-day simple moving average is $39.08 and its 200 day simple moving average is $42.99. TriCo Bancshares has a twelve month low of $35.20 and a twelve month 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 EPS for the quarter, topping the consensus estimate of $0.78 by $0.02. The business had revenue of $98.62 million during the quarter, compared to analysts' expectations of $99.59 million. TriCo Bancshares had a net margin of 21.63% and a return on equity of 9.63%. As a group, analysts forecast 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. Investors of record on Friday, March 7th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend was Friday, March 7th. TriCo Bancshares's payout ratio is presently 38.48%.
About TriCo Bancshares
(
Free Report)
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.
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