OxFORD Asset Management LLP boosted its holdings in TriCo Bancshares (NASDAQ:TCBK) by 51.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,631 shares of the financial services provider’s stock after acquiring an additional 13,745 shares during the period. OxFORD Asset Management LLP owned 0.18% of TriCo Bancshares worth $1,654,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of TCBK. SG Americas Securities LLC bought a new stake in TriCo Bancshares in the 2nd quarter valued at $129,000. Raymond James Financial Services Advisors Inc. bought a new stake in TriCo Bancshares in the 2nd quarter valued at $211,000. Trexquant Investment LP bought a new stake in TriCo Bancshares in the 2nd quarter valued at $243,000. Susquehanna International Group LLP bought a new stake in TriCo Bancshares in the 2nd quarter valued at $245,000. Finally, Virtu KCG Holdings LLC bought a new stake in TriCo Bancshares in the 2nd quarter valued at $248,000. Institutional investors and hedge funds own 69.93% of the company’s stock.
TriCo Bancshares (NASDAQ:TCBK) opened at $39.73 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $933.55, a price-to-earnings ratio of 18.04, a price-to-earnings-growth ratio of 1.78 and a beta of 0.90. TriCo Bancshares has a 12-month low of $32.66 and a 12-month high of $43.79.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend is Thursday, December 14th. TriCo Bancshares’s payout ratio is 31.48%.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research cut TriCo Bancshares from a “buy” rating to a “hold” rating in a research note on Friday, September 22nd. BidaskClub cut TriCo Bancshares from a “hold” rating to a “sell” rating in a research note on Friday. Keefe, Bruyette & Woods restated a “hold” rating and issued a $43.00 price target on shares of TriCo Bancshares in a research note on Thursday. Finally, FIG Partners cut TriCo Bancshares from an “outperform” rating to a “market perform” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $42.00.
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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