TriCo Bancshares (TCBK) EVP Craig B. Carney Sells 5,000 Shares
TriCo Bancshares (NASDAQ:TCBK) EVP Craig B. Carney sold 5,000 shares of the stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $37.25, for a total value of $186,250.00. Following the transaction, the executive vice president now owns 23,998 shares in the company, valued at approximately $893,925.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
TriCo Bancshares (NASDAQ TCBK) traded up 0.17% on Friday, reaching $35.47. The company’s stock had a trading volume of 99,228 shares. The firm has a market cap of $813.15 million, a price-to-earnings ratio of 16.35 and a beta of 0.89. TriCo Bancshares has a 12 month low of $25.43 and a 12 month high of $38.58. The firm has a 50 day moving average of $36.11 and a 200 day moving average of $35.72.
TRADEMARK VIOLATION WARNING: “TriCo Bancshares (TCBK) EVP Craig B. Carney Sells 5,000 Shares” was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another domain, it was illegally stolen and republished in violation of US & international copyright & trademark laws. The legal version of this story can be read at https://www.thecerbatgem.com/2017/08/19/trico-bancshares-tcbk-evp-craig-b-carney-sells-5000-shares.html.
Several research analysts have weighed in on the company. BidaskClub upgraded TriCo Bancshares from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 9th. Zacks Investment Research upgraded TriCo Bancshares from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research report on Wednesday, August 2nd. FBR & Co reiterated a “hold” rating and set a $37.00 price objective on shares of TriCo Bancshares in a research report on Monday, May 1st. Finally, ValuEngine upgraded TriCo Bancshares from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. TriCo Bancshares has a consensus rating of “Hold” and an average price target of $39.00.
Several hedge funds have recently modified their holdings of TCBK. FMR LLC raised its stake in shares of TriCo Bancshares by 45.1% in the second quarter. FMR LLC now owns 697,792 shares of the financial services provider’s stock valued at $24,527,000 after buying an additional 216,734 shares during the last quarter. Eagle Asset Management Inc. purchased a new stake in shares of TriCo Bancshares during the second quarter valued at about $6,843,000. IronBridge Capital Management LP purchased a new stake in shares of TriCo Bancshares during the first quarter valued at about $6,230,000. FSI Group LLC purchased a new stake in shares of TriCo Bancshares during the first quarter valued at about $2,167,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of TriCo Bancshares by 5.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,060,054 shares of the financial services provider’s stock valued at $37,664,000 after buying an additional 57,076 shares during the last quarter. Hedge funds and other institutional investors own 69.39% of the company’s stock.
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.
Receive News & Stock 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 stocks with our FREE daily email newsletter.