TriCo Bancshares (TCBK) Shares Bought by Zebra Capital Management LLC

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Zebra Capital Management LLC lifted its stake in TriCo Bancshares (NASDAQ:TCBK) by 90.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,393 shares of the financial services provider’s stock after buying an additional 9,693 shares during the quarter. Zebra Capital Management LLC owned approximately 0.09% of TriCo Bancshares worth $764,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its stake in TriCo Bancshares by 2.8% during the first quarter. Wells Fargo & Company MN now owns 55,243 shares of the financial services provider’s stock valued at $2,055,000 after acquiring an additional 1,505 shares during the period. Trexquant Investment LP bought a new position in TriCo Bancshares during the first quarter valued at about $205,000. Victory Capital Management Inc. increased its stake in TriCo Bancshares by 9.0% during the first quarter. Victory Capital Management Inc. now owns 61,438 shares of the financial services provider’s stock valued at $2,287,000 after acquiring an additional 5,065 shares during the period. Swiss National Bank increased its stake in TriCo Bancshares by 6.5% during the first quarter. Swiss National Bank now owns 36,000 shares of the financial services provider’s stock valued at $1,340,000 after acquiring an additional 2,200 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its stake in TriCo Bancshares by 3.0% during the first quarter. Schwab Charles Investment Management Inc. now owns 107,144 shares of the financial services provider’s stock valued at $3,988,000 after acquiring an additional 3,144 shares during the period. 54.67% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages recently issued reports on TCBK. BidaskClub lowered TriCo Bancshares from a “hold” rating to a “sell” rating in a research note on Wednesday, August 29th. Zacks Investment Research upgraded TriCo Bancshares from a “sell” rating to a “hold” rating in a research note on Wednesday, June 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. TriCo Bancshares presently has an average rating of “Buy” and an average target price of $43.60.

Shares of TCBK opened at $38.84 on Friday. TriCo Bancshares has a 12-month low of $34.61 and a 12-month high of $43.79. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market cap of $1.18 billion, a P/E ratio of 17.10, a PEG ratio of 1.51 and a beta of 0.86.

TriCo Bancshares (NASDAQ:TCBK) last issued its quarterly earnings results on Thursday, July 26th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.03. TriCo Bancshares had a return on equity of 10.38% and a net margin of 18.39%. The firm had revenue of $58.04 million for the quarter, compared to analyst estimates of $60.99 million. analysts anticipate that TriCo Bancshares will post 2.56 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $0.68 annualized dividend and a dividend yield of 1.75%. TriCo Bancshares’s dividend payout ratio is currently 32.69%.

About TriCo Bancshares

TriCo Bancshares operates as a bank holding company for Tri Counties Bank that provides commercial banking services to retail customers and small to medium-sized businesses. It accepts demand, savings, and money market accounts, as well as time deposits; and provides residential and commercial real estate mortgage, consumer, commercial, agricultural, and real estate construction loans.

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Institutional Ownership by Quarter for TriCo Bancshares (NASDAQ:TCBK)

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