16,400 Shares in TriCo Bancshares (NASDAQ:TCBK) Purchased by Versor Investments LP

Versor Investments LP purchased a new position in shares of TriCo Bancshares (NASDAQ:TCBK - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,400 shares of the financial services provider's stock, valued at approximately $699,000.

Several other large investors have also recently added to or reduced their stakes in the business. SG Americas Securities LLC raised its holdings in TriCo Bancshares by 8.2% during the first quarter. SG Americas Securities LLC now owns 3,788 shares of the financial services provider's stock worth $139,000 after purchasing an additional 287 shares in the last quarter. ProShare Advisors LLC increased its position in TriCo Bancshares by 8.5% during the first quarter. ProShare Advisors LLC now owns 5,585 shares of the financial services provider's stock worth $205,000 after buying an additional 439 shares during the period. Quantbot Technologies LP acquired a new stake in shares of TriCo Bancshares in the first quarter valued at approximately $227,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of TriCo Bancshares by 10.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,973 shares of the financial services provider's stock worth $315,000 after acquiring an additional 758 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new position in shares of TriCo Bancshares in the 1st quarter valued at $489,000. 59.11% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at TriCo Bancshares

In related news, Director Michael W. Koehnen sold 1,400 shares of the business's stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $45.20, for a total value of $63,280.00. Following the transaction, the director now owns 3,000 shares in the company, valued at approximately $135,600. The trade was a 31.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Cory W. Giese sold 3,465 shares of the firm's stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $43.11, for a total value of $149,376.15. Following the sale, the director now owns 11,228 shares of the company's stock, valued at approximately $484,039.08. This trade represents a 23.58 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.64% of the company's stock.

TriCo Bancshares Price Performance

Shares of TCBK traded down $0.23 during trading hours on Thursday, reaching $47.61. The company had a trading volume of 80,297 shares, compared to its average volume of 116,619. The firm has a 50 day simple moving average of $43.66 and a 200-day simple moving average of $41.52. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of 14.17 and a beta of 0.54. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.30. TriCo Bancshares has a 12-month low of $31.73 and a 12-month high of $50.63.

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

TriCo Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 6th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date was Friday, September 6th. TriCo Bancshares's payout ratio is currently 39.29%.

Analyst Upgrades and Downgrades

TCBK has been the topic of several recent research reports. Janney Montgomery Scott reaffirmed a "neutral" rating on shares of TriCo Bancshares in a research note on Friday, July 26th. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $48.00 target price (up previously from $42.00) on shares of TriCo Bancshares in a report on Monday, July 29th. Stephens decreased their price target on TriCo Bancshares from $52.00 to $50.00 and set an "overweight" rating for the company in a report on Tuesday, October 29th. Piper Sandler cut their price objective on shares of TriCo Bancshares from $53.00 to $50.00 and set an "overweight" rating for the company in a research report on Monday, October 28th. Finally, DA Davidson downgraded shares of TriCo Bancshares from a "buy" rating to a "neutral" rating and lifted their target price for the company from $50.00 to $53.00 in a report on Tuesday. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, TriCo Bancshares presently has an average rating of "Hold" and an average target price of $48.20.

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.