BidaskClub cut shares of TriCo Bancshares (NASDAQ:TCBK) from a hold rating to a sell rating in a research report sent to investors on Friday morning.

Other analysts also recently issued reports about the company. Zacks Investment Research raised TriCo Bancshares from a hold rating to a buy rating and set a $46.00 target price for the company in a report on Thursday, November 2nd. Keefe, Bruyette & Woods reissued a hold rating and issued a $43.00 target price on shares of TriCo Bancshares in a report on Thursday, December 14th. Finally, FIG Partners downgraded TriCo Bancshares from an outperform rating to a market perform rating in a report on Wednesday, December 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $42.00.

Shares of TriCo Bancshares (NASDAQ TCBK) opened at $39.92 on Friday. TriCo Bancshares has a fifty-two week low of $32.66 and a fifty-two week high of $43.79. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a market capitalization of $911.45, a PE ratio of 18.48, a PEG ratio of 1.82 and a beta of 0.90.

TriCo Bancshares (NASDAQ:TCBK) last posted its earnings results on Tuesday, October 31st. The financial services provider reported $0.51 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.03). TriCo Bancshares had a net margin of 21.87% and a return on equity of 10.17%. The firm had revenue of $57.01 million during the quarter, compared to analysts’ expectations of $56.99 million. analysts anticipate that TriCo Bancshares will post 2.18 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.70%. The ex-dividend date is Thursday, December 14th. TriCo Bancshares’s payout ratio is currently 31.63%.

Institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new stake in TriCo Bancshares during the 2nd quarter valued at approximately $129,000. Raymond James Financial Services Advisors Inc. purchased a new stake in TriCo Bancshares during the 2nd quarter valued at approximately $211,000. Trexquant Investment LP purchased a new stake in TriCo Bancshares during the 2nd quarter valued at approximately $243,000. Susquehanna International Group LLP purchased a new stake in TriCo Bancshares during the 2nd quarter valued at approximately $245,000. Finally, Virtu KCG Holdings LLC purchased a new stake in TriCo Bancshares during the 2nd quarter valued at approximately $248,000. 69.93% of the stock is owned by hedge funds and other institutional investors.

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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.

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