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Principal Economic Team Inc. lessened its holdings in TriCo Bancshares (NASDAQ:TCBK – Get Rating) by 33.5% in the 1st quarter, according to its most the latest Sort 13F filing with the Securities & Trade Commission. The company owned 18,412 shares of the monetary expert services provider’s inventory after marketing 9,276 shares in the course of the quarter. Principal Money Team Inc.’s holdings in TriCo Bancshares were well worth $737,000 as of its most latest filing with the Securities & Exchange Commission.
Other institutional traders and hedge funds also not too long ago added to or decreased their stakes in the business. Chico Prosperity RIA ordered a new placement in TriCo Bancshares for the duration of the first quarter valued at $1,719,000. Stieven Capital Advisors L.P. lifted its placement in TriCo Bancshares by 10.7% during the fourth quarter. Stieven Capital Advisors L.P. now owns 201,785 shares of the economical products and services provider’s inventory valued at $8,669,000 immediately after shopping for an supplemental 19,515 shares all through the interval. RMB Funds Administration LLC lifted its situation in TriCo Bancshares by 7.% for the duration of the to start with quarter. RMB Money Management LLC now owns 294,335 shares of the economical companies provider’s stock valued at $11,782,000 right after getting an added 19,139 shares during the period. Krilogy Monetary LLC acquired a new situation in TriCo Bancshares in the course of the 1st quarter valued at $755,000. Last but not least, Barclays PLC lifted its placement in TriCo Bancshares by 31.1% in the course of the fourth quarter. Barclays PLC now owns 63,829 shares of the money expert services provider’s inventory valued at $2,742,000 following shopping for an further 15,154 shares in the course of the period. Hedge resources and other institutional traders own 61.13% of the company’s inventory.
Analyst Ratings Alterations
Numerous equities analysts have commented on TCBK shares. Piper Sandler raised their price objective on TriCo Bancshares to $56.00 in a investigate report on Monday, July 4th. Stephens upgraded TriCo Bancshares from an “equal weight” ranking to an “overweight” rating and raised their price target for the organization from $46.00 to $48.00 in a report on Wednesday, May 11th. Finally, Raymond James elevated their price concentrate on on TriCo Bancshares from $44.00 to $48.00 and gave the enterprise an “outperform” rating in a report on Thursday, July 7th. One equities analysis analyst has rated the stock with a hold score and five have issued a obtain ranking to the company. Centered on details from MarketBeat.com, TriCo Bancshares presently has a consensus rating of “Moderate Buy” and a consensus value target of $49.60.
TriCo Bancshares Selling price Functionality
NASDAQ TCBK opened at $47.22 on Friday. TriCo Bancshares has a one particular yr lower of $37.41 and a one 12 months large of $49.89. The inventory has a 50-day transferring ordinary of $46.89 and a 200 day moving typical of $43.81. The firm has a current market capitalization of $1.57 billion, a selling price-to-earnings ratio of 13.65 and a beta of .50. The enterprise has a credit card debt-to-equity ratio of .13, a brief ratio of .75 and a present ratio of .75.
TriCo Bancshares (NASDAQ:TCBK – Get Score) previous launched its quarterly earnings info on Wednesday, July 27th. The monetary services company described $.93 EPS for the quarter, missing the consensus estimate of $.99 by ($.06). TriCo Bancshares experienced a return on equity of 10.39% and a web margin of 29.83%. On average, promote-aspect analysts forecast that TriCo Bancshares will submit 3.93 EPS for the existing yr.
TriCo Bancshares Improves Dividend
The company also not long ago disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Buyers of document on Friday, September 9th will be issued a $.30 dividend. This signifies a $1.20 annualized dividend and a produce of 2.54%. This is an increase from TriCo Bancshares’s prior quarterly dividend of $.25. The ex-dividend day of this dividend is Thursday, September 8th. TriCo Bancshares’s dividend payout ratio (DPR) is presently 28.90%.
About TriCo Bancshares
TriCo Bancshares operates as a lender keeping organization for Tri Counties Financial institution that offers industrial banking providers to person and company shoppers. The firm accepts demand from customers, financial savings, and time deposits. It also delivers modest enterprise loans serious estate house loan financial loans, this sort of as household and commercial financial loans client financial loans industrial financial loans, which include agricultural loans and serious estate building financial loans.
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Want to see what other hedge cash are holding TCBK? Take a look at HoldingsChannel.com to get the most recent 13F filings and insider trades for TriCo Bancshares (NASDAQ:TCBK – Get Ranking).
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