JPMorgan Chase & Co. lifted its stake in TriCo Bancshares (NASDAQ:TCBK) by 6.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 608,278 shares of the financial services provider’s stock after buying an additional 38,149 shares during the period. JPMorgan Chase & Co. owned approximately 2.00% of TriCo Bancshares worth $23,493,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. FMR LLC boosted its position in shares of TriCo Bancshares by 7.0% in the third quarter. FMR LLC now owns 2,066,828 shares of the financial services provider’s stock worth $79,821,000 after buying an additional 134,374 shares during the period. BlackRock Inc. lifted its stake in shares of TriCo Bancshares by 15.1% in the third quarter. BlackRock Inc. now owns 1,823,597 shares of the financial services provider’s stock worth $70,429,000 after acquiring an additional 239,853 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of TriCo Bancshares by 3.6% in the third quarter. Dimensional Fund Advisors LP now owns 1,279,737 shares of the financial services provider’s stock worth $49,423,000 after acquiring an additional 44,973 shares in the last quarter. Northern Trust Corp lifted its stake in shares of TriCo Bancshares by 1.1% in the second quarter. Northern Trust Corp now owns 576,806 shares of the financial services provider’s stock worth $21,601,000 after acquiring an additional 6,511 shares in the last quarter. Finally, Eagle Asset Management Inc. lifted its stake in shares of TriCo Bancshares by 1.0% in the third quarter. Eagle Asset Management Inc. now owns 368,648 shares of the financial services provider’s stock worth $14,237,000 after acquiring an additional 3,603 shares in the last quarter. 59.88% of the stock is owned by institutional investors.

In related news, EVP W Virginia Walker sold 3,443 shares of the business’s stock in a transaction dated Friday, December 14th. The stock was sold at an average price of $35.48, for a total value of $122,157.64. Following the transaction, the executive vice president now owns 7,078 shares in the company, valued at $251,127.44. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 14.20% of the company’s stock.

Several research analysts recently commented on the company. Zacks Investment Research upgraded TriCo Bancshares from a “sell” rating to a “hold” rating in a research note on Saturday, February 2nd. BidaskClub cut TriCo Bancshares from a “buy” rating to a “hold” rating in a research note on Friday, December 7th. Finally, ValuEngine upgraded TriCo Bancshares from a “sell” rating to a “hold” rating in a research note on Monday, October 29th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $42.25.

NASDAQ:TCBK opened at $37.76 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 0.83. TriCo Bancshares has a one year low of $31.05 and a one year high of $40.38. The stock has a market capitalization of $1.15 billion, a P/E ratio of 14.04, a price-to-earnings-growth ratio of 1.79 and a beta of 0.84.

TriCo Bancshares (NASDAQ:TCBK) last released its quarterly earnings results on Tuesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.06. TriCo Bancshares had a return on equity of 11.42% and a net margin of 24.62%. The business had revenue of $76.64 million for the quarter, compared to analysts’ expectations of $73.92 million. As a group, equities research analysts predict that TriCo Bancshares will post 3.02 earnings per share for the current year.

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TriCo Bancshares Company Profile

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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