ProShare Advisors LLC Sells 13,615 Shares of TriCo Bancshares $TCBK

ProShare Advisors LLC decreased its position in shares of TriCo Bancshares (NASDAQ:TCBK) by 9.5% in the 4th quarter, HoldingsChannel reports. The fund owned 129,364 shares of the financial services provider’s stock after selling 13,615 shares during the period. ProShare Advisors LLC’s holdings in TriCo Bancshares were worth $6,128,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Larson Financial Group LLC increased its holdings in shares of TriCo Bancshares by 337.5% during the third quarter. Larson Financial Group LLC now owns 595 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 459 shares in the last quarter. Danske Bank A S bought a new stake in shares of TriCo Bancshares during the fourth quarter valued at approximately $28,000. Farther Finance Advisors LLC increased its holdings in shares of TriCo Bancshares by 40.3% during the fourth quarter. Farther Finance Advisors LLC now owns 735 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 211 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in shares of TriCo Bancshares during the third quarter valued at approximately $58,000. Finally, PNC Financial Services Group Inc. bought a new stake in shares of TriCo Bancshares during the third quarter valued at approximately $76,000. Institutional investors own 59.11% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Zacks Research upgraded TriCo Bancshares from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. DA Davidson upped their price target on TriCo Bancshares from $51.00 to $54.00 and gave the stock a “neutral” rating in a report on Friday, January 23rd. Piper Sandler upped their price target on TriCo Bancshares from $59.00 to $63.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. Stephens upped their price target on TriCo Bancshares from $54.00 to $55.00 and gave the stock an “overweight” rating in a report on Monday, January 26th. Finally, Keefe, Bruyette & Woods upped their price target on TriCo Bancshares from $50.00 to $55.00 and gave the stock a “market perform” rating in a report on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, TriCo Bancshares currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.60.

TriCo Bancshares Trading Down 0.2%

Shares of TriCo Bancshares stock opened at $50.68 on Friday. The stock has a fifty day simple moving average of $49.07 and a 200 day simple moving average of $48.71. TriCo Bancshares has a 12-month low of $36.32 and a 12-month high of $53.18. The company has a market capitalization of $1.62 billion, a P/E ratio of 12.83 and a beta of 0.61. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.04.

TriCo Bancshares (NASDAQ:TCBK) last announced its quarterly earnings results on Monday, March 2nd. The financial services provider reported $1.03 earnings per share (EPS) for the quarter. TriCo Bancshares had a return on equity of 9.87% and a net margin of 23.71%.The business had revenue of $111.21 million during the quarter. On average, sell-side analysts anticipate that TriCo Bancshares will post 4.22 earnings per share for the current fiscal year.

TriCo Bancshares Company Profile

TriCo Bancshares, Inc is the bank holding company for Tri Counties Bank, a community-oriented financial institution headquartered in Chico, California. Through its wholly owned subsidiary, the company provides a comprehensive range of banking and financial services to individuals, small businesses, and commercial clients. Offering a full suite of deposit accounts, lending solutions and digital banking tools, TriCo Bancshares combines personalized service with modern technology to meet the evolving needs of its customers.

The company’s core products and services include commercial and consumer lending, deposit and cash management solutions, mortgage banking, and agricultural financing.