BidaskClub upgraded shares of TriCo Bancshares (NASDAQ:TCBK) from a hold rating to a buy rating in a report released on Thursday.
Other research analysts also recently issued research reports about the company. Zacks Investment Research raised TriCo Bancshares from a sell rating to a hold rating in a research note on Wednesday, October 10th. ValuEngine raised TriCo Bancshares from a sell rating to a hold rating in a research note on Monday, October 29th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $43.60.
TriCo Bancshares stock opened at $36.94 on Thursday. TriCo Bancshares has a 1 year low of $33.35 and a 1 year high of $43.79. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.83 and a quick ratio of 0.83. The company has a market capitalization of $1.12 billion, a PE ratio of 17.76, a PEG ratio of 2.08 and a beta of 0.80.
Large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new stake in TriCo Bancshares during the 2nd quarter valued at approximately $110,000. First Quadrant L P CA acquired a new stake in TriCo Bancshares during the 3rd quarter valued at approximately $121,000. San Francisco Sentry Investment Group CA acquired a new stake in TriCo Bancshares during the 3rd quarter valued at approximately $189,000. Creative Planning acquired a new stake in TriCo Bancshares during the 3rd quarter valued at approximately $202,000. Finally, D.A. Davidson & CO. acquired a new stake in TriCo Bancshares during the 3rd quarter valued at approximately $202,000. 57.66% of the stock is owned by institutional investors and hedge funds.
TriCo Bancshares Company Profile
TriCo Bancshares operates as a bank holding company for Tri Counties Bank that provides commercial banking services to retail customers and small to medium-sized businesses. It accepts demand, savings, and money market accounts, as well as time deposits; and provides residential and commercial real estate mortgage, consumer, commercial, agricultural, and real estate construction loans.
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