Dean Capital Management decreased its holdings in shares of TriCo Bancshares (NASDAQ:TCBK) by 34.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,614 shares of the financial services provider’s stock after selling 31,505 shares during the quarter. Dean Capital Management owned about 0.26% of TriCo Bancshares worth $2,095,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of TCBK. FMR LLC grew its position 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 buying an additional 216,734 shares during the period. Eagle Asset Management Inc. acquired a new stake in shares of TriCo Bancshares during the 2nd quarter worth approximately $6,843,000. Dimensional Fund Advisors LP grew its position in shares of TriCo Bancshares by 5.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,060,054 shares of the financial services provider’s stock worth $37,664,000 after buying an additional 57,076 shares during the period. Vanguard Group Inc. grew its position in shares of TriCo Bancshares by 5.6% during the 1st quarter. Vanguard Group Inc. now owns 837,658 shares of the financial services provider’s stock worth $29,762,000 after buying an additional 44,746 shares during the period. Finally, Systematic Financial Management LP acquired a new stake in shares of TriCo Bancshares during the 1st quarter worth approximately $1,414,000. Institutional investors own 68.87% of the company’s stock.
Shares of TriCo Bancshares (NASDAQ TCBK) traded down 0.202% on Friday, reaching $41.905. 33,473 shares of the company were exchanged. The company’s 50-day moving average price is $37.36 and its 200 day moving average price is $35.98. TriCo Bancshares has a 12 month low of $25.43 and a 12 month high of $42.12. The company has a market cap of $960.67 million, a price-to-earnings ratio of 19.311 and a beta of 0.91.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.62%. The ex-dividend date was Thursday, September 14th. TriCo Bancshares’s dividend payout ratio (DPR) is 31.34%.
TCBK has been the subject of several analyst reports. Zacks Investment Research upgraded shares of 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 upgraded shares of TriCo Bancshares from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $39.00.
In related news, EVP Craig B. Carney sold 5,000 shares of TriCo Bancshares stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $36.00, for a total value of $180,000.00. Following the completion of the sale, the executive vice president now owns 18,294 shares of the company’s stock, valued at approximately $658,584. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 9.10% of the company’s stock.
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.
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