Barclays PLC Has $2.47 Million Holdings in TriCo Bancshares (NASDAQ:TCBK)

Barclays PLC boosted its stake in TriCo Bancshares (NASDAQ:TCBK - Free Report) by 127.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 57,879 shares of the financial services provider's stock after purchasing an additional 32,379 shares during the period. Barclays PLC owned about 0.18% of TriCo Bancshares worth $2,468,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TCBK. Point72 Asia Singapore Pte. Ltd. acquired a new stake in TriCo Bancshares during the third quarter worth approximately $28,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in TriCo Bancshares by 10.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,973 shares of the financial services provider's stock valued at $315,000 after acquiring an additional 758 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of TriCo Bancshares by 7.5% during the second quarter. Principal Financial Group Inc. now owns 13,978 shares of the financial services provider's stock worth $553,000 after purchasing an additional 973 shares during the last quarter. Chico Wealth RIA increased its position in shares of TriCo Bancshares by 2.3% during the third quarter. Chico Wealth RIA now owns 43,954 shares of the financial services provider's stock worth $1,875,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Stifel Financial Corp lifted its holdings in shares of TriCo Bancshares by 2.2% in the 3rd quarter. Stifel Financial Corp now owns 48,031 shares of the financial services provider's stock valued at $2,049,000 after purchasing an additional 1,013 shares during the last quarter. Hedge funds and other institutional investors own 59.11% of the company's stock.

TriCo Bancshares Stock Up 0.1 %

Shares of TriCo Bancshares stock traded up $0.06 during trading on Thursday, reaching $44.55. The company had a trading volume of 63,121 shares, compared to its average volume of 118,061. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 13.26 and a beta of 0.56. TriCo Bancshares has a fifty-two week low of $31.73 and a fifty-two week high of $51.06. The firm's fifty day moving average is $46.40 and its 200-day moving average is $43.59. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.86 and a current ratio of 0.86.

TriCo Bancshares (NASDAQ:TCBK - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.88 EPS for the quarter, topping analysts' consensus estimates of $0.82 by $0.06. The firm had revenue of $133.84 million during the quarter, compared to the consensus estimate of $98.65 million. TriCo Bancshares had a return on equity of 9.45% and a net margin of 21.12%. On average, analysts anticipate that TriCo Bancshares will post 3.38 EPS for the current year.

TriCo Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend was Friday, December 6th. TriCo Bancshares's dividend payout ratio (DPR) is presently 39.29%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on TCBK shares. Stephens dropped their price objective on shares of TriCo Bancshares from $52.00 to $50.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 29th. Piper Sandler reduced their price objective on TriCo Bancshares from $53.00 to $50.00 and set an "overweight" rating for the company in a research note on Monday, October 28th. Finally, DA Davidson lowered TriCo Bancshares from a "buy" rating to a "neutral" rating and boosted their target price for the company from $50.00 to $53.00 in a report on Tuesday, November 12th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, TriCo Bancshares has an average rating of "Hold" and a consensus target price of $48.20.

Insider Buying and Selling

In other TriCo Bancshares news, Director Cory W. Giese sold 5,100 shares of the company's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $49.47, for a total value of $252,297.00. Following the completion of the sale, the director now directly owns 6,128 shares of the company's stock, valued at approximately $303,152.16. This represents a 45.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.64% of the stock is owned by corporate insiders.

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.