Paloma Partners Management Co bought a new position in TriCo Bancshares (NASDAQ:TCBK) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 10,840 shares of the financial services provider’s stock, valued at approximately $406,000.
Other large investors also recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of TriCo Bancshares in the 2nd quarter worth about $110,000. Alpine Woods Capital Investors LLC bought a new position in shares of TriCo Bancshares in the 2nd quarter worth about $262,000. Virginia Retirement Systems ET AL bought a new position in shares of TriCo Bancshares in the 2nd quarter worth about $386,000. Alps Advisors Inc. bought a new position in shares of TriCo Bancshares in the 2nd quarter worth about $501,000. Finally, Citadel Advisors LLC increased its stake in shares of TriCo Bancshares by 31.6% in the 1st quarter. Citadel Advisors LLC now owns 13,535 shares of the financial services provider’s stock worth $504,000 after acquiring an additional 3,247 shares in the last quarter. 53.74% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently issued reports on TCBK shares. BidaskClub upgraded shares of TriCo Bancshares from a “sell” rating to a “hold” rating in a research note on Saturday, September 8th. Zacks Investment Research upgraded shares of TriCo Bancshares from a “sell” rating to a “hold” rating in a research note on Wednesday, June 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. TriCo Bancshares currently has a consensus rating of “Buy” and an average price target of $43.60.
NASDAQ:TCBK opened at $38.23 on Wednesday. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 1.53 and a beta of 0.86. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.81 and a quick ratio of 0.81. TriCo Bancshares has a fifty-two week low of $35.09 and a fifty-two week high of $43.79.
TriCo Bancshares (NASDAQ:TCBK) last released its quarterly earnings data on Thursday, July 26th. The financial services provider reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.03. The business had revenue of $58.04 million during the quarter, compared to analyst estimates of $60.99 million. TriCo Bancshares had a net margin of 18.39% and a return on equity of 10.38%. equities research analysts expect that TriCo Bancshares will post 2.56 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be paid a dividend of $0.17 per share. The ex-dividend date is Thursday, September 13th. This represents a $0.68 dividend on an annualized basis and a yield of 1.78%. TriCo Bancshares’s dividend payout ratio is currently 32.69%.
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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