Shares of TriCo Bancshares (NASDAQ:TCBK) have been assigned an average rating of “Hold” from the six analysts that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $41.00.

Several research analysts have recently issued reports on TCBK shares. ValuEngine cut TriCo Bancshares from a “hold” rating to a “sell” rating in a research note on Friday. BidaskClub upgraded TriCo Bancshares from a “sell” rating to a “hold” rating in a research report on Tuesday, October 22nd. Stephens reiterated a “neutral” rating on shares of TriCo Bancshares in a research report on Monday, July 29th. Zacks Investment Research upgraded TriCo Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, November 2nd. Finally, Raymond James reduced their price target on TriCo Bancshares from $42.00 to $41.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th.

In related news, EVP Craig B. Carney sold 5,122 shares of TriCo Bancshares stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $36.38, for a total transaction of $186,338.36. Following the completion of the transaction, the executive vice president now directly owns 20,896 shares in the company, valued at $760,196.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 10.30% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in TCBK. Wells Fargo & Company MN grew its holdings in TriCo Bancshares by 1.0% in the second quarter. Wells Fargo & Company MN now owns 66,054 shares of the financial services provider’s stock valued at $2,497,000 after purchasing an additional 632 shares during the period. Virginia Retirement Systems ET AL grew its holdings in TriCo Bancshares by 8.1% in the second quarter. Virginia Retirement Systems ET AL now owns 12,000 shares of the financial services provider’s stock valued at $454,000 after purchasing an additional 900 shares during the period. Denali Advisors LLC acquired a new stake in TriCo Bancshares in the second quarter valued at approximately $38,000. Bessemer Group Inc. grew its holdings in TriCo Bancshares by 2.3% in the second quarter. Bessemer Group Inc. now owns 67,900 shares of the financial services provider’s stock valued at $2,567,000 after purchasing an additional 1,500 shares during the period. Finally, RMB Capital Management LLC grew its holdings in TriCo Bancshares by 1.4% in the second quarter. RMB Capital Management LLC now owns 122,202 shares of the financial services provider’s stock valued at $4,619,000 after purchasing an additional 1,645 shares during the period. Institutional investors own 60.72% of the company’s stock.

Shares of NASDAQ:TCBK opened at $38.48 on Tuesday. TriCo Bancshares has a 52-week low of $31.05 and a 52-week high of $41.31. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 14.30 and a beta of 0.86. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.11. The business has a 50-day moving average price of $36.61 and a 200-day moving average price of $37.44.

TriCo Bancshares (NASDAQ:TCBK) last announced its quarterly earnings data on Monday, October 28th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.03. TriCo Bancshares had a return on equity of 10.84% and a net margin of 28.45%. The firm had revenue of $78.80 million during the quarter, compared to analysts’ expectations of $77.91 million. As a group, equities analysts anticipate that TriCo Bancshares will post 2.98 EPS for the current fiscal year.

About TriCo Bancshares

TriCo Bancshares operates as a bank holding company for Tri Counties Bank that provides commercial banking services to individual and corporate customers. It accepts demand, savings, and money market accounts, as well as time deposits. It also provides small business loans; real estate mortgage loans, such as residential and commercial loans; consumer loans; commercial loans, including agricultural loans; and real estate construction loans.

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