TriCo Bancshares (NASDAQ:TCBK) Shares Bought by Thomson Horstmann & Bryant Inc.

Thomson Horstmann & Bryant Inc. increased its stake in shares of TriCo Bancshares (NASDAQ:TCBK) by 9.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 92,219 shares of the financial services provider’s stock after purchasing an additional 7,967 shares during the period. Thomson Horstmann & Bryant Inc. owned approximately 0.40% of TriCo Bancshares worth $3,491,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its stake in TriCo Bancshares by 3.5% in the third quarter. Dimensional Fund Advisors LP now owns 1,114,530 shares of the financial services provider’s stock valued at $45,417,000 after acquiring an additional 37,461 shares during the period. The Manufacturers Life Insurance Company grew its stake in TriCo Bancshares by 1.8% in the second quarter. The Manufacturers Life Insurance Company now owns 962,397 shares of the financial services provider’s stock valued at $33,828,000 after acquiring an additional 17,023 shares during the period. Vanguard Group Inc. grew its stake in TriCo Bancshares by 4.2% in the second quarter. Vanguard Group Inc. now owns 873,001 shares of the financial services provider’s stock valued at $30,686,000 after acquiring an additional 35,343 shares during the period. Goldman Sachs Group Inc. grew its stake in TriCo Bancshares by 4.6% in the second quarter. Goldman Sachs Group Inc. now owns 780,134 shares of the financial services provider’s stock valued at $27,422,000 after acquiring an additional 34,467 shares during the period. Finally, FMR LLC grew its stake in TriCo Bancshares by 45.1% in the second quarter. FMR LLC now owns 697,792 shares of the financial services provider’s stock valued at $24,527,000 after acquiring an additional 216,734 shares during the period. 70.05% of the stock is owned by institutional investors and hedge funds.

TriCo Bancshares (NASDAQ TCBK) traded down $0.16 on Friday, reaching $37.26. The company had a trading volume of 85,062 shares, compared to its average volume of 82,211. TriCo Bancshares has a fifty-two week low of $32.76 and a fifty-two week high of $43.79. The company has a market capitalization of $848.91 and a price-to-earnings ratio of 21.41. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.31.

TriCo Bancshares (NASDAQ:TCBK) last released its earnings results on Tuesday, January 30th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.08). The company had revenue of $57.57 million for the quarter, compared to the consensus estimate of $58.45 million. TriCo Bancshares had a return on equity of 9.74% and a net margin of 17.52%. equities research analysts anticipate that TriCo Bancshares will post 2.4 earnings per share for the current year.

A number of brokerages have recently commented on TCBK. Keefe, Bruyette & Woods restated a “hold” rating and issued a $44.00 price target on shares of TriCo Bancshares in a report on Wednesday. BidaskClub lowered TriCo Bancshares from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 10th. ValuEngine lowered TriCo Bancshares from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. FIG Partners lowered TriCo Bancshares from an “outperform” rating to a “market perform” rating in a report on Wednesday, December 13th. Finally, Zacks Investment Research lowered TriCo Bancshares from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. TriCo Bancshares presently has an average rating of “Hold” and a consensus target price of $42.33.

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TriCo Bancshares Profile

TriCo Bancshares is a bank holding company. The Company’s principal subsidiary is Tri Counties Bank, a California-chartered commercial bank (the Bank). The Bank offers banking services to retail customers and small to medium-sized businesses through 68 branch offices in Northern and Central California.

Institutional Ownership by Quarter for TriCo Bancshares (NASDAQ:TCBK)

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