TIAA CREF Investment Management LLC Has $4.77 Million Position in TriCo Bancshares (TCBK)

TIAA CREF Investment Management LLC raised its stake in shares of TriCo Bancshares (NASDAQ:TCBK) by 3.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 134,127 shares of the financial services provider’s stock after buying an additional 4,335 shares during the period. TIAA CREF Investment Management LLC owned about 0.59% of TriCo Bancshares worth $4,766,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. State Street Corp increased its position in shares of TriCo Bancshares by 7.6% in the fourth quarter. State Street Corp now owns 404,816 shares of the financial services provider’s stock valued at $13,836,000 after buying an additional 28,493 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in TriCo Bancshares by 3.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,002,978 shares of the financial services provider’s stock worth $34,282,000 after buying an additional 33,280 shares during the last quarter. AQR Capital Management LLC increased its stake in TriCo Bancshares by 26.0% in the fourth quarter. AQR Capital Management LLC now owns 109,532 shares of the financial services provider’s stock worth $3,744,000 after buying an additional 22,586 shares during the last quarter. Teachers Advisors LLC increased its stake in TriCo Bancshares by 52.4% in the fourth quarter. Teachers Advisors LLC now owns 68,009 shares of the financial services provider’s stock worth $2,325,000 after buying an additional 23,382 shares during the last quarter. Finally, Bank of Montreal Can increased its stake in TriCo Bancshares by 9.7% in the first quarter. Bank of Montreal Can now owns 43,082 shares of the financial services provider’s stock worth $1,531,000 after buying an additional 3,810 shares during the last quarter. Hedge funds and other institutional investors own 69.39% of the company’s stock.

TriCo Bancshares (NASDAQ TCBK) traded down 1.29% on Wednesday, reaching $36.63. The company’s stock had a trading volume of 47,199 shares. TriCo Bancshares has a 52-week low of $25.43 and a 52-week high of $38.58. The stock has a market cap of $839.74 million, a price-to-earnings ratio of 16.88 and a beta of 0.89. The firm’s 50-day moving average price is $36.04 and its 200-day moving average price is $35.71.

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A number of equities research analysts have recently weighed in on the company. BidaskClub upgraded TriCo Bancshares from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 9th. Zacks Investment Research raised TriCo Bancshares from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research note on Wednesday, August 2nd. ValuEngine raised TriCo Bancshares from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, FBR & Co reaffirmed a “hold” rating and set a $37.00 price objective on shares of TriCo Bancshares in a research note on Monday, May 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. TriCo Bancshares currently has an average rating of “Hold” and a consensus target price of $39.00.

About TriCo Bancshares

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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