Insider Buying: TriCo Bancshares EVP Buys 1,400 Shares of Stock (TCBK)
TriCo Bancshares (NASDAQ:TCBK) EVP Daniel K. Bailey purchased 1,400 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was purchased at an average price of $22.77 per share, with a total value of $31,878.00. Following the completion of the purchase, the executive vice president now directly owns 6,357 shares of the company’s stock, valued at approximately $144,749. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 issued a buy rating and one has given a strong buy rating to the company’s stock. TriCo Bancshares has a consensus rating of “Buy” and a consensus price target of $27.00.
Shares of TriCo Bancshares (NASDAQ:TCBK) traded down 1.37% during mid-day trading on Friday, hitting $22.32. 135,777 shares of the company’s stock traded hands. TriCo Bancshares has a 52 week low of $20.11 and a 52 week high of $29.30. The stock has a 50-day moving average of $22.85 and a 200-day moving average of $23.92. The company has a market cap of $360.1 million and a P/E ratio of 14.88.
TriCo Bancshares (NASDAQ:TCBK) last issued its quarterly earnings data on Monday, July 28th. The company reported $0.30 EPS for the quarter, missing the Thomson Reuters 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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