ValuEngine lowered shares of TriCo Bancshares (NASDAQ:TCBK) from a buy rating to a hold rating in a research report released on Thursday, January 4th.
Other equities analysts also recently issued reports about the company. Zacks Investment Research downgraded TriCo Bancshares from a buy rating to a hold rating in a report on Friday, September 22nd. Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $45.00 price target on shares of TriCo Bancshares in a report on Friday, December 22nd. BidaskClub downgraded TriCo Bancshares from a hold rating to a sell rating in a report on Friday, December 15th. Finally, FIG Partners downgraded TriCo Bancshares from an outperform rating to a market perform rating in a report on Wednesday, December 13th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. TriCo Bancshares currently has a consensus rating of Hold and a consensus price target of $42.67.
Shares of TriCo Bancshares (TCBK) traded up $0.62 during trading on Thursday, hitting $39.45. The stock had a trading volume of 47,076 shares, compared to its average volume of 91,460. TriCo Bancshares has a 1-year low of $32.76 and a 1-year high of $43.79. The firm has a market capitalization of $890.59, a P/E ratio of 18.26, a PEG ratio of 1.71 and a beta of 0.91. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.79 and a current ratio of 0.79.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date was Thursday, December 14th. TriCo Bancshares’s dividend payout ratio is currently 31.48%.
Hedge funds and other institutional investors have recently modified their holdings of the business. SG Americas Securities LLC purchased a new stake in TriCo Bancshares in the second quarter valued at approximately $129,000. Raymond James Financial Services Advisors Inc. purchased a new stake in TriCo Bancshares in the second quarter valued at approximately $211,000. Susquehanna International Group LLP purchased a new stake in TriCo Bancshares in the second quarter valued at approximately $245,000. Virtu KCG Holdings LLC purchased a new stake in TriCo Bancshares in the second quarter valued at approximately $248,000. Finally, Citadel Advisors LLC purchased a new stake in TriCo Bancshares in the second quarter valued at approximately $265,000. Institutional investors own 68.96% of the company’s stock.
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About TriCo Bancshares
TriCo Bancshares is a bank holding company. The Company’s principal subsidiary is Tri Counties Bank, a California-chartered commercial bank (the Bank). The Bank offers banking services to retail customers and small to medium-sized businesses through 68 branch offices in Northern and Central California.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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