Vanguard Group Inc. Has $79.20 Million Stock Holdings in TriCo Bancshares (NASDAQ:TCBK)

Vanguard Group Inc. lowered its stake in TriCo Bancshares (NASDAQ:TCBK) by 0.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,812,320 shares of the financial services provider’s stock after selling 4,399 shares during the period. Vanguard Group Inc. owned 5.49% of TriCo Bancshares worth $79,198,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Barclays PLC boosted its stake in shares of TriCo Bancshares by 127.0% during the third quarter. Barclays PLC now owns 57,879 shares of the financial services provider’s stock valued at $2,468,000 after purchasing an additional 32,379 shares in the last quarter. Geode Capital Management LLC boosted its position in TriCo Bancshares by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 781,650 shares of the financial services provider’s stock worth $33,344,000 after buying an additional 5,155 shares during the period. JPMorgan Chase & Co. boosted its position in TriCo Bancshares by 6.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 446,455 shares of the financial services provider’s stock worth $19,041,000 after buying an additional 25,817 shares during the period. Assenagon Asset Management S.A. grew its holdings in TriCo Bancshares by 23.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 160,987 shares of the financial services provider’s stock worth $7,035,000 after acquiring an additional 30,227 shares during the last quarter. Finally, Stifel Financial Corp increased its position in TriCo Bancshares by 2.2% in the 3rd quarter. Stifel Financial Corp now owns 48,031 shares of the financial services provider’s stock valued at $2,049,000 after acquiring an additional 1,013 shares during the period. Institutional investors own 59.11% of the company’s stock.

TriCo Bancshares Stock Performance

Shares of TCBK opened at $35.90 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.30. The firm’s fifty day simple moving average is $41.52 and its two-hundred day simple moving average is $43.64. TriCo Bancshares has a 12 month low of $31.73 and a 12 month high of $51.06. The stock has a market capitalization of $1.18 billion, a P/E ratio of 10.38 and a beta of 0.53.

TriCo Bancshares (NASDAQ:TCBK) last announced its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.09. TriCo Bancshares had a return on equity of 9.63% and a net margin of 21.63%. As a group, analysts predict that TriCo Bancshares will post 3.35 EPS for the current year.

TriCo Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.68%. The ex-dividend date was Friday, March 7th. TriCo Bancshares’s dividend payout ratio (DPR) is 38.15%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods lowered their target price on TriCo Bancshares from $53.00 to $50.00 and set a “market perform” rating for the company in a research report on Tuesday, January 28th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $50.75.

TriCo Bancshares Company Profile

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.