TriCo Bancshares (NASDAQ:TCBK) Shares Sold by UBS Group AG

UBS Group AG cut its position in TriCo Bancshares (NASDAQ:TCBK) by 25.2% during the first quarter, Holdings Channel reports. The institutional investor owned 5,446 shares of the financial services provider’s stock after selling 1,834 shares during the period. UBS Group AG’s holdings in TriCo Bancshares were worth $194,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp boosted its position in TriCo Bancshares by 7.6% in the fourth quarter. State Street Corp now owns 404,816 shares of the financial services provider’s stock worth $13,836,000 after buying an additional 28,493 shares in the last quarter. Teachers Advisors LLC boosted its position in TriCo Bancshares by 52.4% in the fourth quarter. Teachers Advisors LLC now owns 68,009 shares of the financial services provider’s stock worth $2,325,000 after buying an additional 23,382 shares in the last quarter. Bank of Montreal Can boosted its position in TriCo Bancshares by 9.7% in the first quarter. Bank of Montreal Can now owns 43,082 shares of the financial services provider’s stock worth $1,531,000 after buying an additional 3,810 shares in the last quarter. Nationwide Fund Advisors boosted its position in TriCo Bancshares by 16.9% in the first quarter. Nationwide Fund Advisors now owns 134,034 shares of the financial services provider’s stock worth $4,762,000 after buying an additional 19,379 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its position in TriCo Bancshares by 41.8% in the first quarter. Acadian Asset Management LLC now owns 24,507 shares of the financial services provider’s stock worth $870,000 after buying an additional 7,228 shares in the last quarter. 69.13% of the stock is owned by institutional investors and hedge funds.

Shares of TriCo Bancshares (TCBK) traded down 0.24% on Tuesday, hitting $37.61. 1,071 shares of the company traded hands. The company has a market capitalization of $862.21 million, a PE ratio of 17.33 and a beta of 0.89. The stock’s 50-day moving average price is $35.54 and its 200-day moving average price is $35.54. TriCo Bancshares has a 12 month low of $25.43 and a 12 month high of $37.98.

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A number of research analysts have issued reports on TCBK shares. FBR & Co started coverage on shares of TriCo Bancshares in a report on Tuesday, April 11th. They issued a “mkt perform” rating and a $37.00 price target for the company. Zacks Investment Research cut shares of TriCo Bancshares from a “buy” rating to a “hold” rating in a report on Tuesday, May 30th. ValuEngine raised shares of TriCo Bancshares from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, BidaskClub cut shares of TriCo Bancshares from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. 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.

Want to see what other hedge funds are holding TCBK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TriCo Bancshares (NASDAQ:TCBK).

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

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