Numeric Investors LLC Has $1.36 Million Stake in TriCo Bancshares (TCBK)

Numeric Investors LLC lessened its stake in shares of TriCo Bancshares (NASDAQ:TCBK) by 13.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,799 shares of the financial services provider’s stock after selling 5,800 shares during the quarter. Numeric Investors LLC owned about 0.17% of TriCo Bancshares worth $1,364,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Eagle Asset Management Inc. purchased a new stake in shares of TriCo Bancshares during the second quarter worth approximately $6,843,000. First Trust Advisors LP raised its stake in shares of TriCo Bancshares by 22.9% during the second quarter. First Trust Advisors LP now owns 72,166 shares of the financial services provider’s stock worth $2,537,000 after purchasing an additional 13,432 shares during the last quarter. Systematic Financial Management LP purchased a new stake in shares of TriCo Bancshares during the first quarter worth approximately $1,414,000. Context BH Capital Management LP raised its stake in shares of TriCo Bancshares by 10.1% during the second quarter. Context BH Capital Management LP now owns 54,484 shares of the financial services provider’s stock worth $1,915,000 after purchasing an additional 5,004 shares during the last quarter. Finally, Sei Investments Co. raised its stake in shares of TriCo Bancshares by 4.2% during the first quarter. Sei Investments Co. now owns 21,072 shares of the financial services provider’s stock worth $749,000 after purchasing an additional 853 shares during the last quarter. Institutional investors and hedge funds own 68.87% of the company’s stock.

Shares of TriCo Bancshares (TCBK) opened at 41.28 on Tuesday. The stock’s 50 day moving average price is $36.82 and its 200 day moving average price is $35.84. TriCo Bancshares has a 1-year low of $25.43 and a 1-year high of $41.35. The stock has a market cap of $946.34 million, a PE ratio of 19.02 and a beta of 0.90.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were given a dividend of $0.17 per share. The ex-dividend date was Thursday, September 14th. This represents a $0.68 dividend on an annualized basis and a yield of 1.65%. TriCo Bancshares’s dividend payout ratio is currently 31.34%.

In related news, EVP Craig B. Carney sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $36.00, for a total transaction of $180,000.00. Following the completion of the transaction, the executive vice president now owns 18,294 shares in the company, valued at approximately $658,584. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 9.10% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Numeric Investors LLC Has $1.36 Million Stake in TriCo Bancshares (TCBK)” was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this story on another site, it was illegally copied and reposted in violation of US and international copyright & trademark laws. The correct version of this story can be accessed at https://ledgergazette.com/2017/10/10/numeric-investors-llc-has-1-36-million-stake-in-trico-bancshares-tcbk.html.

TCBK has been the subject of several analyst reports. Zacks Investment Research upgraded TriCo Bancshares from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a rese

Other institutional investors also recently added to or reduced their stakes in the company. Eagle Asset Management Inc. purchased a new stake in shares of TriCo Bancshares during the second quarter worth approximately $6,843,000. First Trust Advisors LP raised its stake in shares of TriCo Bancshares by 22.9% during the second quarter. First Trust Advisors LP now owns 72,166 shares of the financial services provider’s stock worth $2,537,000 after purchasing an additional 13,432 shares during the last quarter. Systematic Financial Management LP purchased a new stake in shares of TriCo Bancshares during the first quarter worth approximately $1,414,000. Context BH Capital Management LP raised its stake in shares of TriCo Bancshares by 10.1% during the second quarter. Context BH Capital Management LP now owns 54,484 shares of the financial services provider’s stock worth $1,915,000 after purchasing an additional 5,004 shares during the last quarter. Finally, Sei Investments Co. raised its stake in shares of TriCo Bancshares by 4.2% during the first quarter. Sei Investments Co. now owns 21,072 shares of the financial services provider’s stock worth $749,000 after purchasing an additional 853 shares during the last quarter. Institutional investors and hedge funds own 68.87% of the company’s stock.

Shares of TriCo Bancshares (TCBK) opened at 41.28 on Tuesday. The stock’s 50 day moving average price is $36.82 and its 200 day moving average price is $35.84. TriCo Bancshares has a 1-year low of $25.43 and a 1-year high of $41.35. The stock has a market cap of $946.34 million, a PE ratio of 19.02 and a beta of 0.90.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were given a dividend of $0.17 per share. The ex-dividend date was Thursday, September 14th. This represents a $0.68 dividend on an annualized basis and a yield of 1.65%. TriCo Bancshares’s dividend payout ratio is currently 31.34%.

In related news, EVP Craig B. Carney sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $36.00, for a total transaction of $180,000.00. Following the completion of the transaction, the executive vice president now owns 18,294 shares in the company, valued at approximately $658,584. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 9.10% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Numeric Investors LLC Has $1.36 Million Stake in TriCo Bancshares (TCBK)” was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this story on another site, it was illegally copied and reposted in violation of US and international copyright & trademark laws. The correct version of this story can be accessed at https://ledgergazette.com/2017/10/10/numeric-investors-llc-has-1-36-million-stake-in-trico-bancshares-tcbk.html.

TCBK has been the subject of several analyst reports. Zacks Investment Research upgraded TriCo Bancshares from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research note on Wednesday, August 2nd. BidaskClub upgraded TriCo Bancshares from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $39.00.

TriCo Bancshares Company Profile

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.

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

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply