California State Teachers Retirement System decreased its holdings in shares of TriCo Bancshares (NASDAQ:TCBK) by 9.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 36,229 shares of the financial services provider’s stock after selling 3,587 shares during the period. California State Teachers Retirement System owned approximately 0.16% of TriCo Bancshares worth $1,273,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of TCBK. Parametric Portfolio Associates LLC grew its stake in shares of TriCo Bancshares by 104.9% during the first quarter. Parametric Portfolio Associates LLC now owns 22,621 shares of the financial services provider’s stock worth $804,000 after acquiring an additional 11,581 shares during the last quarter. Teachers Advisors LLC grew its stake in shares of TriCo Bancshares by 9.4% during the first quarter. Teachers Advisors LLC now owns 74,391 shares of the financial services provider’s stock worth $2,643,000 after acquiring an additional 6,382 shares during the last quarter. California Public Employees Retirement System grew its stake in shares of TriCo Bancshares by 14.9% during the first quarter. California Public Employees Retirement System now owns 43,200 shares of the financial services provider’s stock worth $1,535,000 after acquiring an additional 5,600 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of TriCo Bancshares by 5.6% during the first quarter. Vanguard Group Inc. now owns 837,658 shares of the financial services provider’s stock worth $29,762,000 after acquiring an additional 44,746 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of TriCo Bancshares by 2.1% during the first quarter. Geode Capital Management LLC now owns 183,241 shares of the financial services provider’s stock worth $6,510,000 after acquiring an additional 3,803 shares during the last quarter. Institutional investors and hedge funds own 69.56% of the company’s stock.

In related news, EVP Craig B. Carney sold 5,000 shares of TriCo Bancshares stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $36.00, for a total transaction of $180,000.00. Following the completion of the sale, the executive vice president now owns 18,294 shares of the company’s stock, valued at $658,584. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 9.10% of the company’s stock.

A number of equities research analysts have recently weighed in on TCBK shares. BidaskClub lowered TriCo Bancshares from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Zacks Investment Research upgraded TriCo Bancshares from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research note on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $41.50.

WARNING: “TriCo Bancshares (TCBK) Shares Sold by California State Teachers Retirement System” was first posted by Watch List News and is the property of of Watch List News. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this news story can be read at https://www.watchlistnews.com/trico-bancshares-tcbk-shares-sold-by-california-state-teachers-retirement-system/1721188.html.

Shares of TriCo Bancshares (TCBK) opened at $41.01 on Thursday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.31. TriCo Bancshares has a twelve month low of $29.01 and a twelve month high of $43.22. The company has a market capitalization of $952.76, a PE ratio of 19.32, a P/E/G ratio of 1.90 and a beta of 0.92.

TriCo Bancshares (NASDAQ:TCBK) last released its earnings results on Tuesday, October 31st. The financial services provider reported $0.51 EPS for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.03). TriCo Bancshares had a return on equity of 10.17% and a net margin of 21.87%. The firm had revenue of $57.01 million for the quarter, compared to analyst estimates of $56.99 million. analysts expect that TriCo Bancshares will post 2.19 EPS for the current fiscal year.

TriCo Bancshares Profile

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.

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

Receive News & Ratings for TriCo Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TriCo Bancshares and related companies with Analyst Ratings Network's FREE daily email newsletter.