StockNews.com Lowers TriCo Bancshares (NASDAQ:TCBK) to Sell

TriCo Bancshares (NASDAQ:TCBK) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday.

TCBK has been the topic of a number of other reports. Raymond James increased their target price on shares of TriCo Bancshares from $36.00 to $40.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Keefe, Bruyette & Woods reduced their price objective on shares of TriCo Bancshares from $44.00 to $42.00 and set a “market perform” rating on the stock in a report on Friday, January 26th. Finally, DA Davidson reduced their price objective on shares of TriCo Bancshares from $49.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, TriCo Bancshares has an average rating of “Hold” and an average price target of $42.00.

TriCo Bancshares Stock Performance

NASDAQ:TCBK opened at $34.88 on Monday. The stock has a market capitalization of $1.16 billion, a P/E ratio of 9.91 and a beta of 0.53. TriCo Bancshares has a fifty-two week low of $28.66 and a fifty-two week high of $45.84. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.87 and a current ratio of 0.87. The company has a 50 day moving average price of $34.33 and a 200 day moving average price of $36.10.

TriCo Bancshares (NASDAQ:TCBK) last released its earnings results on Thursday, January 25th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.07). The business had revenue of $131.95 million for the quarter, compared to analyst estimates of $101.30 million. TriCo Bancshares had a return on equity of 10.64% and a net margin of 23.49%. Equities research analysts forecast that TriCo Bancshares will post 3.25 EPS for the current year.

Institutional Investors Weigh In On TriCo Bancshares

Several hedge funds and other institutional investors have recently bought and sold shares of TCBK. Lindbrook Capital LLC raised its stake in TriCo Bancshares by 124.6% during the 4th quarter. Lindbrook Capital LLC now owns 793 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 440 shares in the last quarter. Quadrant Capital Group LLC raised its stake in TriCo Bancshares by 470.9% during the 4th quarter. Quadrant Capital Group LLC now owns 942 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 777 shares in the last quarter. Quantbot Technologies LP raised its stake in TriCo Bancshares by 49.6% during the 3rd quarter. Quantbot Technologies LP now owns 4,918 shares of the financial services provider’s stock worth $158,000 after acquiring an additional 1,631 shares in the last quarter. Aigen Investment Management LP acquired a new stake in TriCo Bancshares during the 3rd quarter worth $213,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in TriCo Bancshares by 39.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,215 shares of the financial services provider’s stock worth $231,000 after acquiring an additional 2,024 shares in the last quarter. 59.11% of the stock is currently owned by institutional investors and hedge funds.

About TriCo Bancshares

TriCo Bancshares operates as a bank holding company for Tri Counties Bank that provides commercial banking services to individual and corporate customers. The company accepts demand, savings, and time deposits. It also provides small business loans; real estate mortgage loans, such as residential and commercial loans; consumer loans; mortgage, auto, other vehicle, and personal loans; commercial loans, including agricultural loans; and real estate construction loans.