TriCo Bancshares (NASDAQ:TCBK) has earned a consensus rating of “Buy” from the eight analysts that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $43.33.

A number of brokerages have recently issued reports on TCBK. Zacks Investment Research lowered TriCo Bancshares from a “hold” rating to a “sell” rating in a research report on Thursday, May 3rd. BidaskClub upgraded TriCo Bancshares from a “strong sell” rating to a “sell” rating in a research report on Monday, February 5th. Raymond James decreased their target price on TriCo Bancshares from $44.00 to $43.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 8th. Stephens began coverage on TriCo Bancshares in a research report on Friday, May 11th. They set an “overweight” rating and a $43.00 target price on the stock. Finally, Keefe, Bruyette & Woods upgraded TriCo Bancshares from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 13th.

Shares of TriCo Bancshares opened at $37.65 on Friday, MarketBeat reports. TriCo Bancshares has a 1 year low of $37.37 and a 1 year high of $37.78. The company has a market cap of $857.69 million, a PE ratio of 17.13, a price-to-earnings-growth ratio of 1.47 and a beta of 0.86. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.80 and a current ratio of 0.79.

TriCo Bancshares (NASDAQ:TCBK) last announced its earnings results on Thursday, April 26th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.03. TriCo Bancshares had a return on equity of 10.06% and a net margin of 17.99%. The firm had revenue of $57.28 million for the quarter, compared to analyst estimates of $58.89 million. sell-side analysts expect that TriCo Bancshares will post 2.54 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in TCBK. Wells Fargo & Company MN lifted its holdings in TriCo Bancshares by 19.1% in the 3rd quarter. Wells Fargo & Company MN now owns 47,371 shares of the financial services provider’s stock valued at $1,930,000 after purchasing an additional 7,586 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in TriCo Bancshares by 13.3% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 96,682 shares of the financial services provider’s stock valued at $3,940,000 after purchasing an additional 11,321 shares in the last quarter. Bank of Montreal Can lifted its holdings in TriCo Bancshares by 51.9% in the 4th quarter. Bank of Montreal Can now owns 58,435 shares of the financial services provider’s stock valued at $2,213,000 after purchasing an additional 19,965 shares in the last quarter. Mutual of America Capital Management LLC lifted its holdings in TriCo Bancshares by 20.4% in the 4th quarter. Mutual of America Capital Management LLC now owns 104,638 shares of the financial services provider’s stock valued at $3,962,000 after purchasing an additional 17,695 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in TriCo Bancshares by 8.0% in the 4th quarter. Victory Capital Management Inc. now owns 56,373 shares of the financial services provider’s stock valued at $2,134,000 after purchasing an additional 4,165 shares in the last quarter. Institutional investors own 68.83% of the company’s stock.

About TriCo Bancshares

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.

Analyst Recommendations for TriCo Bancshares (NASDAQ:TCBK)

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