TriCo Bancshares (NASDAQ:TCBK) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.
TCBK has been the subject of several other reports. Keefe, Bruyette & Woods reissued a “hold” rating and set a $43.00 price objective on shares of TriCo Bancshares in a research note on Thursday, December 14th. FIG Partners cut shares of TriCo Bancshares from an “outperform” rating to a “market perform” rating in a research note on Wednesday, December 13th. Zacks Investment Research cut shares of TriCo Bancshares from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. Finally, BidaskClub cut shares of TriCo Bancshares from a “hold” rating to a “sell” rating in a research note on Friday, December 15th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. TriCo Bancshares currently has a consensus rating of “Hold” and a consensus price target of $42.67.
TriCo Bancshares (TCBK) traded up $0.29 during mid-day trading on Thursday, reaching $38.80. 97,830 shares of the company’s stock traded hands, compared to its average volume of 98,267. The stock has a market cap of $874.30, a PE ratio of 18.05, a P/E/G ratio of 1.69 and a beta of 0.91. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.79 and a quick ratio of 0.79. TriCo Bancshares has a 12-month low of $32.66 and a 12-month high of $43.79.
Hedge funds have recently modified their holdings of the business. SG Americas Securities LLC acquired a new position in TriCo Bancshares in the 2nd quarter worth $129,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of TriCo Bancshares in the 2nd quarter valued at about $211,000. Susquehanna International Group LLP acquired a new stake in shares of TriCo Bancshares in the 2nd quarter valued at about $245,000. Virtu KCG Holdings LLC acquired a new stake in shares of TriCo Bancshares in the 2nd quarter valued at about $248,000. Finally, Citadel Advisors LLC acquired a new stake in shares of TriCo Bancshares in the 2nd quarter valued at about $265,000. Hedge funds and other institutional investors own 68.96% of the company’s stock.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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