Proficio Capital Partners LLC Takes $1.82 Million Position in TriCo Bancshares (NASDAQ:TCBK)

Proficio Capital Partners LLC bought a new position in TriCo Bancshares (NASDAQ:TCBK - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 41,602 shares of the financial services provider's stock, valued at approximately $1,818,000. Proficio Capital Partners LLC owned 0.13% of TriCo Bancshares at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in shares of TriCo Bancshares by 0.7% in the third quarter. Geode Capital Management LLC now owns 781,650 shares of the financial services provider's stock worth $33,344,000 after buying an additional 5,155 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of TriCo Bancshares by 6.1% in the third quarter. JPMorgan Chase & Co. now owns 446,455 shares of the financial services provider's stock worth $19,041,000 after buying an additional 25,817 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of TriCo Bancshares by 1.7% in the fourth quarter. Bank of New York Mellon Corp now owns 169,294 shares of the financial services provider's stock worth $7,398,000 after buying an additional 2,875 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of TriCo Bancshares by 23.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 160,987 shares of the financial services provider's stock worth $7,035,000 after buying an additional 30,227 shares during the period. Finally, Rhumbline Advisers boosted its holdings in shares of TriCo Bancshares by 1.1% during the fourth quarter. Rhumbline Advisers now owns 59,033 shares of the financial services provider's stock worth $2,580,000 after purchasing an additional 652 shares during the period. 59.11% of the stock is currently owned by institutional investors and hedge funds.

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TriCo Bancshares Stock Down 0.2 %

Shares of TCBK stock traded down $0.08 during trading on Friday, hitting $40.39. 282,785 shares of the company were exchanged, compared to its average volume of 107,102. 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 firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 11.67 and a beta of 0.55. The business's 50-day simple moving average is $43.06 and its 200 day simple moving average is $44.17. TriCo Bancshares has a twelve month low of $31.73 and a twelve month high of $51.06.

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

TriCo Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend was Friday, March 7th. TriCo Bancshares's dividend payout ratio (DPR) is presently 38.15%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods decreased their price target on shares of TriCo Bancshares from $53.00 to $50.00 and set a "market perform" rating for the company in a report on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average 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.