Inceptionr LLC Buys Shares of 9,289 TriCo Bancshares (NASDAQ:TCBK)

Inceptionr LLC purchased a new stake in shares of TriCo Bancshares (NASDAQ:TCBK - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 9,289 shares of the financial services provider's stock, valued at approximately $406,000.

Several other institutional investors have also modified their holdings of TCBK. Point72 Asia Singapore Pte. Ltd. acquired a new stake in TriCo Bancshares in the 3rd quarter valued at about $28,000. Point72 DIFC Ltd acquired a new position in TriCo Bancshares in the third quarter worth approximately $114,000. Quantbot Technologies LP bought a new position in shares of TriCo Bancshares in the third quarter valued at $129,000. Aigen Investment Management LP acquired a new stake in shares of TriCo Bancshares during the 4th quarter valued at $203,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of TriCo Bancshares during the 3rd quarter worth $210,000. Institutional investors and hedge funds own 59.11% of the company's stock.

TriCo Bancshares Stock Up 1.5 %

TriCo Bancshares stock traded up $0.62 during mid-day trading on Wednesday, hitting $40.70. The company's stock had a trading volume of 100,372 shares, compared to its average volume of 99,743. TriCo Bancshares has a 52-week low of $31.73 and a 52-week high of $51.06. The company has a market cap of $1.34 billion, a PE ratio of 11.76 and a beta of 0.55. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.86 and a quick ratio of 0.86. The firm's 50 day moving average is $43.35 and its 200 day moving average is $44.41.

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TriCo Bancshares (NASDAQ:TCBK - Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.88 EPS for the quarter, topping the consensus estimate of $0.79 by $0.09. TriCo Bancshares had a net margin of 21.63% and a return on equity of 9.63%. On average, analysts anticipate that TriCo Bancshares will post 3.35 earnings per share for the current year.

TriCo Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.24%. The ex-dividend date of this dividend is Friday, March 7th. TriCo Bancshares's dividend payout ratio is currently 38.15%.

Wall Street Analysts Forecast Growth

TCBK has been the topic of a number of recent analyst reports. DA Davidson lowered TriCo Bancshares from a "buy" rating to a "neutral" rating and boosted their target price for the stock from $50.00 to $53.00 in a research report on Tuesday, November 12th. Keefe, Bruyette & Woods reduced their price objective on shares of TriCo Bancshares from $53.00 to $50.00 and set a "market perform" rating for the company in a research note on Tuesday, January 28th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $50.75.

TriCo Bancshares Profile

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.