2 weeks Ago By ABMN Staff
JPMorgan Chase & Co. reduced its stake in TriCo Bancshares ( NASDAQ:TCBK – Free Report ) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission.
The firm owned 435,357 shares of the financial services provider’s stock after selling 11,098 shares during the period. JPMorgan Chase & Co. owned 1.
32% of TriCo Bancshares worth $19,025,000 as of its most recent filing with the Securities and Exchange Commission. Several other institutional investors and hedge funds have also made changes to their positions in TCBK. Aigen Investment Management LP acquired a new position in shares of TriCo Bancshares during the 4th quarter valued at $203,000.
Golden State Wealth Management LLC bought a new position in shares of TriCo Bancshares during the 4th quarter valued at about $212,000. Handelsbanken Fonder AB bought a new stake in shares of TriCo Bancshares in the 4th quarter worth approximately $218,000. Commonwealth Equity Services LLC boosted its holdings in TriCo Bancshares by 13.
6% during the fourth quarter. Commonwealth Equity Services LLC now owns 5,693 shares of the financial services provider’s stock worth $249,000 after buying an additional 682 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of TriCo Bancshares during the 3rd quarter worth $259,000.
59.11% of the stock is currently owned by institutional investors. TriCo Bancshares Stock Performance Shares of NASDAQ TCBK opened at $35.
90 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.
86 and a quick ratio of 0.86. TriCo Bancshares has a one year low of $31.
73 and a one year high of $51.06. The business’s 50-day moving average price is $41.
52 and its two-hundred day moving average price is $43.64. The company has a market capitalization of $1.
18 billion, a P/E ratio of 10.38 and a beta of 0.53.
TriCo Bancshares Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were paid a dividend of $0.33 per share.
The ex-dividend date was Friday, March 7th. This represents a $1.32 annualized dividend and a dividend yield of 3.
68%. TriCo Bancshares’s dividend payout ratio (DPR) is presently 38.15%.
Analysts Set New Price Targets Separately, Keefe, Bruyette & Woods decreased their price objective on shares of TriCo Bancshares from $53.00 to $50.00 and set a “market perform” rating for the company in a research note on Tuesday, January 28th.
Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, TriCo Bancshares has an average rating of “Hold” and an average target price of $50.75.
Get Our Latest Report on TriCo Bancshares TriCo Bancshares Profile ( Free Report ) TriCo Bancshares operates as a bank holding company for Tri Counties Bank that provides commercial banking services to individual and corporate customers. The company accepts demand, savings, and time deposits. It also provides small business loans; real estate mortgage loans, such as residential and commercial loans; consumer loans; mortgage, auto, other vehicle, and personal loans; commercial loans, including agricultural loans; and real estate construction loans.
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