Bank of New York Mellon Corp raised its position in shares of TriCo Bancshares (NASDAQ:TCBK) by 8.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 202,925 shares of the financial services provider’s stock after purchasing an additional 16,420 shares during the quarter. Bank of New York Mellon Corp owned 0.67% of TriCo Bancshares worth $7,837,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of TCBK. BlackRock Inc. grew its stake in TriCo Bancshares by 4.6% during the 2nd quarter. BlackRock Inc. now owns 1,583,744 shares of the financial services provider’s stock valued at $59,310,000 after purchasing an additional 69,270 shares during the last quarter. Millennium Management LLC grew its stake in TriCo Bancshares by 159.6% during the 2nd quarter. Millennium Management LLC now owns 111,710 shares of the financial services provider’s stock valued at $4,184,000 after purchasing an additional 68,680 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in TriCo Bancshares during the 3rd quarter valued at about $1,842,000. JPMorgan Chase & Co. grew its stake in TriCo Bancshares by 6.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 608,278 shares of the financial services provider’s stock valued at $23,493,000 after purchasing an additional 38,149 shares during the last quarter. Finally, Bank of Montreal Can grew its stake in TriCo Bancshares by 26.3% during the 3rd quarter. Bank of Montreal Can now owns 69,746 shares of the financial services provider’s stock valued at $2,694,000 after purchasing an additional 14,531 shares during the last quarter. Institutional investors and hedge funds own 59.88% of the company’s stock.

Several research firms have weighed in on TCBK. Zacks Investment Research upgraded TriCo Bancshares from a “sell” rating to a “hold” rating in a research note on Saturday, February 2nd. BidaskClub downgraded TriCo Bancshares from a “buy” rating to a “hold” rating in a research note on Friday, December 7th. Finally, ValuEngine upgraded TriCo Bancshares from a “sell” rating to a “hold” rating in a research note on Monday, October 29th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $42.25.

Shares of TCBK opened at $37.76 on Friday. TriCo Bancshares has a 52 week low of $31.05 and a 52 week high of $40.38. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $1.15 billion, a PE ratio of 14.04, a P/E/G ratio of 1.79 and a beta of 0.84.

TriCo Bancshares (NASDAQ:TCBK) last issued its earnings results on Tuesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.06. TriCo Bancshares had a return on equity of 11.42% and a net margin of 24.62%. The firm had revenue of $76.64 million for the quarter, compared to the consensus estimate of $73.92 million. On average, research analysts predict that TriCo Bancshares will post 3.02 EPS for the current fiscal year.

In other news, EVP W Virginia Walker sold 3,443 shares of the company’s stock in a transaction dated Friday, December 14th. The stock was sold at an average price of $35.48, for a total value of $122,157.64. Following the sale, the executive vice president now owns 7,078 shares in the company, valued at $251,127.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 14.20% of the stock is owned by corporate insiders.

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TriCo Bancshares Profile

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.

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

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