Trico Bancshares (NASDAQ:TCBK) Sentiment Change Report

July 27, 2018 - By Vernon Prom

Sentiment for Trico Bancshares (NASDAQ:TCBK)

Trico Bancshares (NASDAQ:TCBK) institutional sentiment increased to 1.37 in Q1 2018. Its up 0.35, from 1.02 in 2017Q4. The ratio is positive, as 59 active investment managers opened new or increased positions, while 43 sold and decreased their holdings in Trico Bancshares. The active investment managers in our partner’s database now have: 15.98 million shares, up from 15.61 million shares in 2017Q4. Also, the number of active investment managers holding Trico Bancshares in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 12 Reduced: 31 Increased: 45 New Position: 14.

TriCo Bancshares operates as a bank holding firm for Tri Counties Bank that provides commercial banking services to retail clients and small to medium-sized businesses in Northern and Central California. The company has market cap of $1.19 billion. It accepts demand, savings, money market rate deposit accounts, and time deposits; and provides residential and commercial real estate mortgage, consumer, commercial, agricultural, and real estate construction loans. It has a 18.12 P/E ratio. The firm also offers installment note collection services; issues cashierÂ’s checks; sells travelers checks; and provides safe deposit boxes and other customary banking services.

The stock increased 2.65% or $1.01 during the last trading session, reaching $39.13. About 85,982 shares traded. TriCo Bancshares (NASDAQ:TCBK) has risen 11.73% since July 27, 2017 and is uptrending. It has underperformed by 0.84% the S&P500.

Walthausen & Co. Llc holds 1.03% of its portfolio in TriCo Bancshares for 280,574 shares. Heartland Advisors Inc owns 377,320 shares or 0.94% of their US portfolio. Moreover, Investment Counselors Of Maryland Llc has 0.91% invested in the company for 477,114 shares. The Massachusetts-based Ironwood Investment Management Llc has invested 0.55% in the stock. Piermont Capital Management Inc., a Missouri-based fund reported 38,865 shares.

TriCo Bancshares (NASDAQ:TCBK) Ratings Coverage

Ratings analysis reveals 100% of Trico Bancshares’s analysts are positive. Out of 4 Wall Street analysts rating Trico Bancshares, 4 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $43 while the high is $45.0. The stock’s average target of $43.75 is 11.81% above today’s ($39.13) share price. TCBK was included in 6 notes of analysts from January 30, 2018. The stock has “Hold” rating by Keefe Bruyette & Woods on Monday, February 26. Raymond James maintained the stock with “Outperform” rating in Tuesday, May 8 report. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Tuesday, January 30 report. The stock has “Buy” rating by Sandler O’Neill on Friday, March 23. The firm has “Buy” rating by Keefe Bruyette & Woods given on Tuesday, March 13.

More news for TriCo Bancshares (NASDAQ:TCBK) were recently published by: Businesswire.com, which released: “Trico Bancshares Announces Quarterly Results” on July 26, 2018. Businesswire.com‘s article titled: “TriCo Bancshares and FNB Bancorp Complete Merger” and published on July 06, 2018 is yet another important article.

TriCo Bancshares (NASDAQ:TCBK) Institutional Positions Chart

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