Trexquant Investment LP bought a new position in TriCo Bancshares (NASDAQ:TCBK) during the second quarter, according to its most recent filing with the SEC. The institutional investor bought 6,900 shares of the financial services provider’s stock, valued at approximately $243,000.

A number of other institutional investors have also modified their holdings of TCBK. Bessemer Group Inc. raised its position in shares of TriCo Bancshares by 1.2% in the second quarter. Bessemer Group Inc. now owns 34,300 shares of the financial services provider’s stock worth $1,206,000 after buying an additional 400 shares in the last quarter. Mutual of America Capital Management LLC raised its position in TriCo Bancshares by 0.7% in the first quarter. Mutual of America Capital Management LLC now owns 85,358 shares of the financial services provider’s stock worth $3,033,000 after buying an additional 622 shares during the period. O Shaughnessy Asset Management LLC raised its position in TriCo Bancshares by 5.4% in the first quarter. O Shaughnessy Asset Management LLC now owns 12,441 shares of the financial services provider’s stock worth $442,000 after buying an additional 637 shares during the period. American International Group Inc. raised its position in TriCo Bancshares by 7.2% in the first quarter. American International Group Inc. now owns 12,471 shares of the financial services provider’s stock worth $443,000 after buying an additional 841 shares during the period. Finally, Sei Investments Co. raised its position in TriCo Bancshares by 4.2% in the first quarter. Sei Investments Co. now owns 21,072 shares of the financial services provider’s stock worth $749,000 after buying an additional 853 shares during the period. Hedge funds and other institutional investors own 69.39% of the company’s stock.

TriCo Bancshares (NASDAQ:TCBK) opened at 35.47 on Monday. The stock has a 50 day moving average of $36.11 and a 200-day moving average of $35.72. TriCo Bancshares has a 52-week low of $25.43 and a 52-week high of $38.58. The company has a market capitalization of $813.15 million, a price-to-earnings ratio of 16.35 and a beta of 0.89.

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A number of equities analysts have recently commented on TCBK shares. FBR & Co restated a “hold” rating and issued a $37.00 price objective on shares of TriCo Bancshares in a research report on Monday, May 1st. Zacks Investment Research lowered shares of TriCo Bancshares from a “buy” rating to a “hold” rating in a research report on Tuesday, May 30th. ValuEngine upgraded shares of TriCo Bancshares from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, BidaskClub lowered shares of TriCo Bancshares from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $39.00.

In other news, EVP Craig B. Carney sold 5,000 shares of the stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $37.25, for a total transaction of $186,250.00. Following the completion of the transaction, the executive vice president now directly owns 23,998 shares in the company, valued at approximately $893,925.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 9.10% of the stock is currently owned by corporate insiders.

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.

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

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