TriCo Bancshares (TCBK) Given “Hold” Rating at Keefe, Bruyette & Woods

TriCo Bancshares (NASDAQ:TCBK)‘s stock had its “hold” rating restated by equities researchers at Keefe, Bruyette & Woods in a report issued on Thursday. They presently have a $43.00 price target on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 9.30% from the company’s previous close.

A number of other equities research analysts also recently commented on the company. Zacks Investment Research raised TriCo Bancshares from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research report on Thursday, November 2nd. BidaskClub downgraded TriCo Bancshares from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 19th. Finally, FIG Partners downgraded TriCo Bancshares from an “outperform” rating to a “market perform” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. TriCo Bancshares presently has an average rating of “Hold” and an average target price of $42.00.

TriCo Bancshares (NASDAQ:TCBK) traded down $0.51 during midday trading on Thursday, hitting $39.34. The stock had a trading volume of 143,200 shares, compared to its average volume of 65,408. TriCo Bancshares has a 12 month low of $32.66 and a 12 month high of $43.79. The firm has a market capitalization of $914.22, a PE ratio of 18.53, a price-to-earnings-growth ratio of 1.82 and a beta of 0.90. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.79 and a current ratio of 0.79.

TriCo Bancshares (NASDAQ:TCBK) last released its quarterly earnings results on Tuesday, October 31st. The financial services provider reported $0.51 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.03). The company had revenue of $57.01 million during the quarter, compared to analyst estimates of $56.99 million. TriCo Bancshares had a return on equity of 10.17% and a net margin of 21.87%. analysts forecast that TriCo Bancshares will post 2.19 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC bought a new position in TriCo Bancshares during the 2nd quarter valued at $129,000. Raymond James Financial Services Advisors Inc. acquired a new position in TriCo Bancshares during the second quarter worth $211,000. Trexquant Investment LP acquired a new position in TriCo Bancshares during the second quarter worth $243,000. Susquehanna International Group LLP acquired a new position in TriCo Bancshares during the second quarter worth $245,000. Finally, Virtu KCG Holdings LLC acquired a new position in TriCo Bancshares during the second quarter worth $248,000. 69.93% of the stock is owned by institutional investors.

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About TriCo Bancshares

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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