TriCo Bancshares (NASDAQ:TCBK) Stock Price Crosses Above 200 Day Moving Average - What's Next?

Key Points

• TriCo Bancshares crossed above its 200‑day moving average (200‑day MA $47.32), trading as high as $50.90 and last at $50.16 on volume of 143,774 shares; market cap is about $1.61 billion and PE is 13.52.
• Analyst sentiment has improved — the consensus is a Moderate Buy with an average target of $53.80, and several firms recently raised price targets (Piper Sandler to $59, Keefe Bruyette to $55, DA Davidson to $54).
• Fundamentals include a recent EPS beat ($1.03 vs. $1.01), a quarterly dividend of $0.36 (annualized yield 2.9%, payout ratio ~38.8%), very low debt‑to‑equity (0.04) and roughly 59% institutional ownership.

TriCo Bancshares (NASDAQ:TCBK - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $47.32 and traded as high as $50.90. TriCo Bancshares shares last traded at $50.16, with a volume of 143,774 shares traded.

Analyst Ratings Changes

TCBK has been the topic of a number of recent analyst reports. DA Davidson upped their price target on shares of TriCo Bancshares from $51.00 to $54.00 and gave the company a "neutral" rating in a research note on Friday, January 23rd. Weiss Ratings upgraded shares of TriCo Bancshares from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, February 25th. Keefe, Bruyette & Woods upped their price target on shares of TriCo Bancshares from $50.00 to $55.00 and gave the company a "market perform" rating in a research note on Monday, January 26th. Zacks Research lowered shares of TriCo Bancshares from a "strong-buy" rating to a "hold" rating in a research note on Thursday, December 25th. Finally, Piper Sandler upped their price target on shares of TriCo Bancshares from $57.00 to $59.00 and gave the company an "overweight" rating in a research note on Monday, January 26th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $53.80.

TriCo Bancshares Price Performance

The stock's fifty day moving average is $48.86 and its 200-day moving average is $47.32. The stock has a market capitalization of $1.61 billion, a PE ratio of 13.52 and a beta of 0.59. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.87 and a quick ratio of 0.87.

TriCo Bancshares (NASDAQ:TCBK - Get Free Report) last announced its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.02. TriCo Bancshares had a net margin of 22.56% and a return on equity of 9.43%. The firm had revenue of $109.40 million for the quarter, compared to the consensus estimate of $108.19 million. As a group, equities analysts predict that TriCo Bancshares will post 3.35 earnings per share for the current fiscal year.

TriCo Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, March 6th were given a dividend of $0.36 per share. The ex-dividend date was Friday, March 6th. This represents a $1.44 dividend on an annualized basis and a yield of 2.9%. TriCo Bancshares's dividend payout ratio is currently 38.81%.

Hedge Funds Weigh In On TriCo Bancshares

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in TriCo Bancshares by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 1,922,988 shares of the financial services provider's stock worth $91,092,000 after acquiring an additional 38,311 shares during the period. Dimensional Fund Advisors LP raised its position in shares of TriCo Bancshares by 0.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,683,048 shares of the financial services provider's stock valued at $74,744,000 after buying an additional 14,748 shares during the last quarter. Geode Capital Management LLC raised its position in shares of TriCo Bancshares by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 777,826 shares of the financial services provider's stock valued at $36,851,000 after buying an additional 6,793 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of TriCo Bancshares by 6.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 672,905 shares of the financial services provider's stock valued at $31,876,000 after buying an additional 43,417 shares during the last quarter. Finally, North Reef Capital Management LP acquired a new stake in shares of TriCo Bancshares in the fourth quarter valued at about $22,994,000. 59.11% of the stock is currently owned by institutional investors and hedge funds.

About TriCo Bancshares

TriCo Bancshares, Inc is the bank holding company for Tri Counties Bank, a community-oriented financial institution headquartered in Chico, California. Through its wholly owned subsidiary, the company provides a comprehensive range of banking and financial services to individuals, small businesses, and commercial clients. Offering a full suite of deposit accounts, lending solutions and digital banking tools, TriCo Bancshares combines personalized service with modern technology to meet the evolving needs of its customers.

The company's core products and services include commercial and consumer lending, deposit and cash management solutions, mortgage banking, and agricultural financing.

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