Walthausen & Co. LLC decreased its holdings in shares of TriCo Bancshares (NASDAQ:TCBK) by 0.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 342,694 shares of the financial services provider’s stock after selling 1,454 shares during the period. Walthausen & Co. LLC owned 1.49% of TriCo Bancshares worth $12,046,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in TCBK. SG Americas Securities LLC bought a new position in TriCo Bancshares during the 2nd quarter valued at approximately $129,000. Raymond James Financial Services Advisors Inc. bought a new position in TriCo Bancshares during the 2nd quarter valued at approximately $211,000. Trexquant Investment LP bought a new position in TriCo Bancshares during the 2nd quarter valued at approximately $243,000. Karp Capital Management Corp bought a new position in TriCo Bancshares during the 1st quarter valued at approximately $245,000. Finally, Virtu KCG Holdings LLC bought a new position in TriCo Bancshares during the 2nd quarter valued at approximately $248,000. 68.87% of the stock is owned by institutional investors and hedge funds.
TCBK has been the subject of a number of recent analyst reports. Zacks Investment Research raised TriCo Bancshares from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research report on Wednesday, August 2nd. BidaskClub raised TriCo Bancshares from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $39.00.
TriCo Bancshares (NASDAQ:TCBK) traded up 0.53% on Tuesday, reaching $41.50. The company’s stock had a trading volume of 15,545 shares. TriCo Bancshares has a one year low of $25.43 and a one year high of $41.60. The firm has a 50-day moving average of $36.82 and a 200-day moving average of $35.84. The company has a market capitalization of $951.39 million, a PE ratio of 19.12 and a beta of 0.90.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders 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 annualized dividend and a dividend yield of 1.65%. TriCo Bancshares’s dividend payout ratio (DPR) is presently 31.34%.
In other TriCo Bancshares 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 $658,584. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 9.10% of the stock is owned by insiders.
TriCo Bancshares 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).
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.