TriCo Bancshares (NASDAQ:TCBK) Stock Position Raised by AlphaQuest LLC

AlphaQuest LLC lifted its stake in shares of TriCo Bancshares (NASDAQ:TCBK) by 23.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 16,971 shares of the financial services provider’s stock after acquiring an additional 3,178 shares during the quarter. AlphaQuest LLC’s holdings in TriCo Bancshares were worth $742,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Rhumbline Advisers boosted its stake in shares of TriCo Bancshares by 1.1% during the 4th quarter. Rhumbline Advisers now owns 59,033 shares of the financial services provider’s stock worth $2,580,000 after acquiring an additional 652 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of TriCo Bancshares during the 3rd quarter worth $28,000. Stifel Financial Corp boosted its stake in shares of TriCo Bancshares by 2.2% during 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 in the last quarter. Allworth Financial LP boosted its stake in shares of TriCo Bancshares by 21.7% during the 4th quarter. Allworth Financial LP now owns 7,937 shares of the financial services provider’s stock worth $341,000 after acquiring an additional 1,413 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of TriCo Bancshares by 27.1% in the fourth quarter. SG Americas Securities LLC now owns 11,783 shares of the financial services provider’s stock valued at $515,000 after purchasing an additional 2,512 shares in the last quarter. 59.11% of the stock is owned by institutional investors.

TriCo Bancshares Price Performance

TCBK opened at $40.08 on Wednesday. The stock has a fifty day moving average of $43.42 and a 200-day moving average of $44.44. The firm has a market capitalization of $1.32 billion, a P/E ratio of 11.58 and a beta of 0.55. TriCo Bancshares has a 12-month low of $31.73 and a 12-month high of $51.06. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.30.

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

TriCo Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.32 annualized dividend and a dividend yield of 3.29%. TriCo Bancshares’s dividend payout ratio is 38.15%.

Analyst Ratings Changes

A number of research firms have recently issued reports on TCBK. DA Davidson lowered TriCo Bancshares from a “buy” rating to a “neutral” rating and increased their target price for the company from $50.00 to $53.00 in a report on Tuesday, November 12th. Keefe, Bruyette & Woods reduced their target price on 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 equities research 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 stock currently has a consensus rating of “Hold” and an average target price of $50.75.

TriCo Bancshares Company 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.