41,602 Shares in TriCo Bancshares (NASDAQ:TCBK) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new position in shares of TriCo Bancshares (NASDAQ:TCBK - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 41,602 shares of the financial services provider's stock, valued at approximately $1,818,000. Proficio Capital Partners LLC owned approximately 0.13% of TriCo Bancshares at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC boosted its position in shares of TriCo Bancshares by 127.0% during the 3rd quarter. Barclays PLC now owns 57,879 shares of the financial services provider's stock worth $2,468,000 after purchasing an additional 32,379 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of TriCo Bancshares by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 781,650 shares of the financial services provider's stock worth $33,344,000 after acquiring an additional 5,155 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of TriCo Bancshares by 6.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 446,455 shares of the financial services provider's stock worth $19,041,000 after acquiring an additional 25,817 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of TriCo Bancshares by 23.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 160,987 shares of the financial services provider's stock worth $7,035,000 after acquiring an additional 30,227 shares during the last quarter. Finally, Stifel Financial Corp raised 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 worth $2,049,000 after acquiring an additional 1,013 shares during the last quarter. Institutional investors own 59.11% of the company's stock.

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TriCo Bancshares Stock Down 0.2 %

NASDAQ:TCBK traded down $0.09 on Friday, hitting $41.75. The stock had a trading volume of 99,121 shares, compared to its average volume of 98,050. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a market cap of $1.38 billion, a P/E ratio of 12.07 and a beta of 0.57. TriCo Bancshares has a 1 year low of $31.73 and a 1 year high of $51.06. The firm's fifty day simple moving average is $43.53 and its two-hundred day simple moving average is $44.44.

TriCo Bancshares (NASDAQ:TCBK - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.88 EPS for the quarter, beating 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%. Analysts predict that TriCo Bancshares will post 3.35 earnings per share for the current year.

TriCo Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be paid a $0.33 dividend. The ex-dividend date is Friday, March 7th. This represents a $1.32 annualized dividend and a yield of 3.16%. TriCo Bancshares's dividend payout ratio (DPR) is 38.15%.

Insider Buying and Selling at TriCo Bancshares

In other news, Director Cory W. Giese sold 5,100 shares of the firm's stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $49.47, for a total transaction of $252,297.00. Following the completion of the sale, the director now owns 6,128 shares in the company, valued at $303,152.16. This trade represents a 45.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 4.64% of the company's stock.

Wall Street Analysts Forecast Growth

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