TriCo Bancshares (NASDAQ:TCBK) – DA Davidson decreased their FY2017 EPS estimates for TriCo Bancshares in a report issued on Tuesday. DA Davidson analyst J. Rulis now anticipates that the financial services provider will post earnings per share of $2.20 for the year, down from their prior forecast of $2.22.

TriCo Bancshares (NASDAQ:TCBK) last announced its quarterly earnings data on Tuesday, October 31st. The financial services provider reported $0.51 EPS for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.03). TriCo Bancshares had a net margin of 21.87% and a return on equity of 10.27%. The company had revenue of $57.01 million for the quarter, compared to analysts’ expectations of $56.99 million.

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TCBK has been the topic of several other reports. Zacks Investment Research upgraded shares of TriCo Bancshares from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a report on Thursday. BidaskClub upgraded shares of TriCo Bancshares from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. TriCo Bancshares has an average rating of “Hold” and an average price target of $41.50.

Several institutional investors and hedge funds have recently modified their holdings of TCBK. FMR LLC grew its stake 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 acquiring an additional 216,734 shares in the last quarter. Eagle Asset Management Inc. bought a new position in shares of TriCo Bancshares during the 2nd quarter worth approximately $6,843,000. Dimensional Fund Advisors LP grew its stake 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 acquiring an additional 57,076 shares in the last quarter. Vanguard Group Inc. grew its stake 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 acquiring an additional 44,746 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of TriCo Bancshares by 4.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 780,134 shares of the financial services provider’s stock worth $27,422,000 after acquiring an additional 34,467 shares in the last quarter. 68.74% of the stock is owned by institutional investors.

In other TriCo Bancshares news, EVP Craig B. Carney sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $37.25, for a total transaction of $186,250.00. Following the sale, the executive vice president now directly owns 23,998 shares in the company, valued at approximately $893,925.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 9.10% of the company’s stock.

TriCo Bancshares Company 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.

Earnings History and Estimates for TriCo Bancshares (NASDAQ:TCBK)

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