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.
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.
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.
Receive News & Ratings for TriCo Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TriCo Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.