Keefe, Bruyette & Woods reiterated their hold rating on shares of TriCo Bancshares (NASDAQ:TCBK) in a research report report published on Thursday morning. The brokerage currently has a $43.00 price objective on the financial services provider’s stock.

Several other equities research analysts also recently weighed in on TCBK. BidaskClub downgraded shares of TriCo Bancshares from a sell rating to a strong sell rating in a research note on Saturday, August 19th. Zacks Investment Research downgraded shares of TriCo Bancshares from a buy rating to a hold rating in a research note on Friday, August 25th. Finally, FIG Partners downgraded shares of TriCo Bancshares from an outperform rating to a market perform rating in a research note on Wednesday, December 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. TriCo Bancshares presently has an average rating of Hold and an average target price of $42.00.

Shares of TriCo Bancshares (NASDAQ TCBK) opened at $39.73 on Thursday. TriCo Bancshares has a 12 month low of $32.66 and a 12 month high of $43.79. The firm has a market cap of $911.45, a price-to-earnings ratio of 18.48, a PEG ratio of 1.82 and a beta of 0.90. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.31.

TriCo Bancshares (NASDAQ:TCBK) last announced 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. sell-side analysts expect that TriCo Bancshares will post 2.18 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.71%. The ex-dividend date is Thursday, December 14th. TriCo Bancshares’s dividend payout ratio is presently 31.63%.

A number of hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its stake in TriCo Bancshares by 3.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,114,530 shares of the financial services provider’s stock worth $45,417,000 after buying an additional 37,461 shares during the period. The Manufacturers Life Insurance Company increased its stake in TriCo Bancshares by 1.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 962,397 shares of the financial services provider’s stock worth $33,828,000 after buying an additional 17,023 shares during the period. Vanguard Group Inc. increased its stake in TriCo Bancshares by 4.2% in the 2nd quarter. Vanguard Group Inc. now owns 873,001 shares of the financial services provider’s stock worth $30,686,000 after buying an additional 35,343 shares during the period. Goldman Sachs Group Inc. increased its stake in TriCo Bancshares by 4.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 780,134 shares of the financial services provider’s stock worth $27,422,000 after buying an additional 34,467 shares during the period. Finally, FMR LLC increased its stake in TriCo Bancshares by 45.1% in the 2nd quarter. FMR LLC now owns 697,792 shares of the financial services provider’s stock worth $24,527,000 after buying an additional 216,734 shares during the period. 69.93% of the stock is currently owned by 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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