Principal Financial Group Inc. Reduces Stock Holdings in TriCo Bancshares (NASDAQ:TCBK)
Table of Contents
Principal Money Group Inc. lowered its holdings in TriCo Bancshares (NASDAQ:TCBK – Get Ranking) by 33.5% in the to start with quarter, according to its most current Kind 13F submitting with the Securities & Exchange Fee. The business owned 18,412 shares of the monetary providers provider’s stock soon after providing 9,276 shares for the duration of the quarter. Principal Monetary Team Inc.’s holdings in TriCo Bancshares ended up truly worth $737,000 as of its most modern filing with the Securities & Exchange Fee.
Other institutional investors and hedge resources also not long ago additional to or reduced their stakes in the business. Chico Wealth RIA acquired a new placement in TriCo Bancshares all through the to start with quarter valued at $1,719,000. Stieven Funds Advisors L.P. lifted its situation in TriCo Bancshares by 10.7% all through the fourth quarter. Stieven Funds Advisors L.P. now owns 201,785 shares of the money expert services provider’s inventory valued at $8,669,000 soon after getting an supplemental 19,515 shares during the period. RMB Money Management LLC lifted its place in TriCo Bancshares by 7.% all through the 1st quarter. RMB Money Management LLC now owns 294,335 shares of the financial providers provider’s stock valued at $11,782,000 immediately after getting an additional 19,139 shares during the period of time. Krilogy Monetary LLC ordered a new situation in TriCo Bancshares throughout the very first quarter valued at $755,000. Eventually, Barclays PLC lifted its situation in TriCo Bancshares by 31.1% during the fourth quarter. Barclays PLC now owns 63,829 shares of the monetary services provider’s stock valued at $2,742,000 soon after acquiring an supplemental 15,154 shares for the duration of the period. Hedge money and other institutional investors possess 61.13% of the company’s inventory.
Analyst Scores Alterations
Numerous equities analysts have commented on TCBK shares. Piper Sandler elevated their value goal on TriCo Bancshares to $56.00 in a investigate report on Monday, July 4th. Stephens upgraded TriCo Bancshares from an “equal weight” rating to an “overweight” ranking and lifted their cost concentrate on for the business from $46.00 to $48.00 in a report on Wednesday, May perhaps 11th. At last, Raymond James elevated their cost target on TriCo Bancshares from $44.00 to $48.00 and gave the corporation an “outperform” score in a report on Thursday, July 7th. Just one equities investigate analyst has rated the stock with a maintain score and five have issued a obtain ranking to the company. Centered on data from MarketBeat.com, TriCo Bancshares presently has a consensus ranking of “Moderate Buy” and a consensus price focus on of $49.60.
TriCo Bancshares Price Effectiveness
NASDAQ TCBK opened at $47.22 on Friday. TriCo Bancshares has a a person 12 months minimal of $37.41 and a 1 calendar year substantial of $49.89. The inventory has a 50-working day relocating typical of $46.89 and a 200 working day moving average of $43.81. The enterprise has a current market capitalization of $1.57 billion, a price-to-earnings ratio of 13.65 and a beta of .50. The business has a financial debt-to-equity ratio of .13, a brief ratio of .75 and a present ratio of .75.
TriCo Bancshares (NASDAQ:TCBK – Get Score) last unveiled its quarterly earnings facts on Wednesday, July 27th. The fiscal solutions supplier claimed $.93 EPS for the quarter, missing the consensus estimate of $.99 by ($.06). TriCo Bancshares had a return on fairness of 10.39% and a net margin of 29.83%. On typical, promote-aspect analysts forecast that TriCo Bancshares will article 3.93 EPS for the latest year.
TriCo Bancshares Will increase Dividend
The agency also lately disclosed a quarterly dividend, which will be compensated on Friday, September 23rd. Traders of file on Friday, September 9th will be issued a $.30 dividend. This signifies a $1.20 annualized dividend and a produce of 2.54%. This is an boost from TriCo Bancshares’s former quarterly dividend of $.25. The ex-dividend day of this dividend is Thursday, September 8th. TriCo Bancshares’s dividend payout ratio (DPR) is presently 28.90%.
About TriCo Bancshares
TriCo Bancshares operates as a financial institution keeping organization for Tri Counties Lender that provides commercial banking products and services to personal and company shoppers. The enterprise accepts need, savings, and time deposits. It also gives small business enterprise financial loans true estate home finance loan financial loans, these types of as residential and business loans buyer financial loans industrial financial loans, including agricultural financial loans and true estate building financial loans.
Showcased Stories
Want to see what other hedge money are holding TCBK? Stop by HoldingsChannel.com to get the newest 13F filings and insider trades for TriCo Bancshares (NASDAQ:TCBK – Get Score).
Acquire News & Ratings for TriCo Bancshares Everyday – Enter your e-mail handle underneath to acquire a concise day-to-day summary of the latest information and analysts’ rankings for TriCo Bancshares and related companies with MarketBeat.com’s Free every day electronic mail e-newsletter.
