Axa Has $613,000 Stake in TriCo Bancshares (TCBK)

Axa lifted its position in TriCo Bancshares (NASDAQ:TCBK) by 22.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,200 shares of the financial services provider’s stock after buying an additional 3,000 shares during the quarter. Axa owned about 0.07% of TriCo Bancshares worth $613,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in TriCo Bancshares by 39.2% during the third quarter. JPMorgan Chase & Co. now owns 546,175 shares of the financial services provider’s stock worth $22,004,000 after acquiring an additional 153,680 shares during the period. Eagle Asset Management Inc. increased its position in TriCo Bancshares by 43.8% during the third quarter. Eagle Asset Management Inc. now owns 279,929 shares of the financial services provider’s stock worth $11,435,000 after acquiring an additional 85,241 shares during the period. Penn Capital Management Co. Inc. bought a new position in TriCo Bancshares during the fourth quarter worth $2,009,000. Allianz Asset Management GmbH bought a new position in TriCo Bancshares during the fourth quarter worth $1,955,000. Finally, Dimensional Fund Advisors LP increased its position in TriCo Bancshares by 3.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,114,530 shares of the financial services provider’s stock worth $45,417,000 after acquiring an additional 37,461 shares during the period. Institutional investors and hedge funds own 69.77% of the company’s stock.

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A number of equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods raised shares of TriCo Bancshares from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 13th. Zacks Investment Research lowered shares of TriCo Bancshares from a “buy” rating to a “hold” rating in a research report on Wednesday, February 14th. BidaskClub lowered shares of TriCo Bancshares from a “sell” rating to a “strong sell” rating in a research report on Wednesday, January 10th. Sandler O’Neill reaffirmed a “buy” rating and set a $44.00 target price on shares of TriCo Bancshares in a research report on Friday. Finally, ValuEngine raised shares of TriCo Bancshares from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. TriCo Bancshares presently has an average rating of “Buy” and a consensus target price of $42.25.

Shares of TriCo Bancshares stock opened at $36.58 on Friday. The stock has a market cap of $875.33, a price-to-earnings ratio of 21.02, a price-to-earnings-growth ratio of 1.48 and a beta of 0.85. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.35. TriCo Bancshares has a fifty-two week low of $32.82 and a fifty-two week high of $43.79.

TriCo Bancshares (NASDAQ:TCBK) last announced its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.08). The business had revenue of $57.57 million during the quarter, compared to the consensus estimate of $58.45 million. TriCo Bancshares had a net margin of 17.52% and a return on equity of 9.70%. equities research analysts forecast that TriCo Bancshares will post 2.57 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.86%. The ex-dividend date is Thursday, March 15th. TriCo Bancshares’s dividend payout ratio (DPR) is presently 39.08%.

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TriCo Bancshares Profile

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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Institutional Ownership by Quarter for TriCo Bancshares (NASDAQ:TCBK)

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