TriCo Bancshares (TCBK) Holdings Boosted by Bank of Montreal Can

Bank of Montreal Can increased its stake in shares of TriCo Bancshares (NASDAQ:TCBK) by 51.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,435 shares of the financial services provider’s stock after purchasing an additional 19,965 shares during the quarter. Bank of Montreal Can owned approximately 0.25% of TriCo Bancshares worth $2,213,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its stake in shares of TriCo Bancshares by 3.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,114,530 shares of the financial services provider’s stock worth $45,417,000 after purchasing an additional 37,461 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of TriCo Bancshares by 4.2% during the 2nd quarter. Vanguard Group Inc. now owns 873,001 shares of the financial services provider’s stock worth $30,686,000 after purchasing an additional 35,343 shares during the last quarter. FMR LLC lifted its stake in shares of TriCo Bancshares by 45.1% during the 2nd quarter. FMR LLC now owns 697,792 shares of the financial services provider’s stock worth $24,527,000 after purchasing an additional 216,734 shares during the last quarter. Northern Trust Corp lifted its stake in shares of TriCo Bancshares by 1.7% during the 2nd quarter. Northern Trust Corp now owns 570,982 shares of the financial services provider’s stock worth $20,069,000 after purchasing an additional 9,571 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of TriCo Bancshares by 39.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 546,175 shares of the financial services provider’s stock worth $22,004,000 after purchasing an additional 153,680 shares during the last quarter. Hedge funds and other institutional investors own 71.49% of the company’s stock.

A number of equities research analysts have commented on the company. BidaskClub cut TriCo Bancshares from a “sell” rating to a “strong sell” rating in a research note on Wednesday, January 10th. Zacks Investment Research cut TriCo Bancshares from a “buy” rating to a “hold” rating in a research note on Wednesday, February 14th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $44.00 price objective on shares of TriCo Bancshares in a report on Wednesday, January 31st. ValuEngine lowered TriCo Bancshares from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Finally, FIG Partners lowered TriCo Bancshares from an “outperform” rating to a “market perform” rating in a report on Wednesday, December 13th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $41.00.

Shares of TriCo Bancshares (NASDAQ TCBK) opened at $38.00 on Monday. The company has a market capitalization of $872.33, a PE ratio of 18.27, a P/E/G ratio of 1.44 and a beta of 0.89. TriCo Bancshares has a 1-year low of $32.76 and a 1-year high of $43.79. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.31.

TriCo Bancshares (NASDAQ:TCBK) last posted its earnings results on Tuesday, January 30th. The financial services provider reported $0.47 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.08). The company had revenue of $57.57 million for the quarter, compared to analyst estimates of $58.45 million. TriCo Bancshares had a return on equity of 9.74% and a net margin of 17.52%. analysts predict that TriCo Bancshares will post 2.64 EPS for the current year.

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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)

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