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TriCo Bancshares (NASDAQ:TCBK) EVP Daniel K. Bailey bought 1,400 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, August 13th. The shares were purchased at an average price of $22.77 per share, for a total transaction of $31,878.00. Following the completion of the transaction, the executive vice president now directly owns 6,357 shares in the company, valued at approximately $144,749. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Separately, analysts at Raymond James cut their price target on shares of TriCo Bancshares from $29.00 to $28.00 in a research note on Friday, August 1st. They now have a “strong-buy” rating on the stock. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $27.00.

TriCo Bancshares (NASDAQ:TCBK) traded down 1.24% during mid-day trading on Friday, hitting $22.35. The stock had a trading volume of 130,302 shares. TriCo Bancshares has a 52 week low of $20.11 and a 52 week high of $29.30. The stock’s 50-day moving average is $22.88 and its 200-day moving average is $23.95. The company has a market cap of $360.6 million and a P/E ratio of 14.88.

TriCo Bancshares (NASDAQ:TCBK) last announced its earnings results on Monday, July 28th. The company reported $0.30 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.40 by $0.10. On average, analysts predict that TriCo Bancshares will post $1.47 earnings per share for the current fiscal year.

TriCo Bancshares (NASDAQ:TCBK) is a bank holding company that operates through its wholly owned subsidiary, Tri Counties Bank (the Bank).

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