Fmr LLC Has $126.29 Million Stock Holdings in TriCo Bancshares (NASDAQ:TCBK)

FMR LLC boosted its holdings in shares of TriCo Bancshares (NASDAQ:TCBK - Free Report) by 18.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,889,943 shares of the financial services provider's stock after purchasing an additional 443,858 shares during the period. FMR LLC owned about 8.75% of TriCo Bancshares worth $126,291,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of TCBK. Franklin Resources Inc. lifted its position in shares of TriCo Bancshares by 2.4% during the 4th quarter. Franklin Resources Inc. now owns 1,568,560 shares of the financial services provider's stock worth $68,546,000 after buying an additional 37,191 shares during the period. Geode Capital Management LLC lifted its holdings in shares of TriCo Bancshares by 0.7% during the third quarter. Geode Capital Management LLC now owns 781,650 shares of the financial services provider's stock valued at $33,344,000 after acquiring an additional 5,155 shares during the period. JPMorgan Chase & Co. boosted its stake 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 valued at $19,041,000 after purchasing an additional 25,817 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of TriCo Bancshares by 1.7% in the 4th quarter. Bank of New York Mellon Corp now owns 169,294 shares of the financial services provider's stock worth $7,398,000 after purchasing an additional 2,875 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of TriCo Bancshares by 23.1% during 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 purchasing an additional 30,227 shares in the last quarter. 59.11% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods dropped 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 report on Tuesday, January 28th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $50.75.

TriCo Bancshares Trading Down 0.2 %

TCBK stock traded down $0.08 during trading on Friday, hitting $37.04. The company had a trading volume of 102,770 shares, compared to its average volume of 117,394. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 10.71 and a beta of 0.53. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.30. The firm has a 50-day moving average price of $40.57 and a 200-day moving average price of $43.42. TriCo Bancshares has a 12 month low of $31.85 and a 12 month high of $51.06.

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

TriCo Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 7th were issued a $0.33 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.32 annualized dividend and a yield of 3.56%. TriCo Bancshares's dividend payout ratio is currently 38.15%.

About TriCo Bancshares

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.