Do Institutional Investors Love Trico Bancshares (NASDAQ:TCBK)?

June 14, 2018 - By Marry Poplack

Sentiment for Trico Bancshares (NASDAQ:TCBK)

Trico Bancshares (NASDAQ:TCBK) institutional sentiment increased to 1.37 in 2018 Q1. Its up 0.35, from 1.02 in 2017Q4. The ratio improved, as 59 institutional investors increased and started new equity positions, while 43 trimmed and sold stock positions in Trico Bancshares. The institutional investors in our partner’s database reported: 15.98 million shares, up from 15.61 million shares in 2017Q4. Also, the number of institutional investors holding Trico Bancshares in their top 10 equity 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 $882.50 million. 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 17.79 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 0.58% or $0.22 during the last trading session, reaching $38.42. About 71,493 shares traded. TriCo Bancshares (NASDAQ:TCBK) has risen 11.73% since June 14, 2017 and is uptrending. It has underperformed by 0.84% the S&P500.

Analysts await TriCo Bancshares (NASDAQ:TCBK) to report earnings on July, 26. They expect $0.65 earnings per share, up 12.07 % or $0.07 from last year’s $0.58 per share. TCBK’s profit will be $14.93M for 14.78 P/E if the $0.65 EPS becomes a reality. After $0.62 actual earnings per share reported by TriCo Bancshares for the previous quarter, Wall Street now forecasts 4.84 % EPS growth.

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 13.87% above today’s ($38.42) share price. TCBK was included in 7 notes of analysts from December 21, 2017. Raymond James maintained the stock with “Outperform” rating in Tuesday, May 8 report. Keefe Bruyette & Woods maintained the shares of TCBK in report on Monday, February 26 with “Hold” rating. The stock has “Buy” rating by Keefe Bruyette & Woods on Tuesday, March 13. Sandler O’Neill maintained the shares of TCBK in report on Friday, March 23 with “Buy” rating. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Tuesday, January 30. The firm has “Hold” rating given on Thursday, December 21 by Keefe Bruyette & Woods.

More recent TriCo Bancshares (NASDAQ:TCBK) news were published by: Businesswire.com which released: “TriCo Bancshares Announces Quarterly Cash Dividend” on May 23, 2018. Also Businesswire.com published the news titled: “TriCo Bancshares and FNB Bancorp Announce Final Regulatory Approval of Merger and Anticipated Closing Date for …” on June 06, 2018. Businesswire.com‘s news article titled: “TriCo Bancshares and FNB Bancorp Announce Shareholder and FDIC Approval of Merger” with publication date: May 31, 2018 was also an interesting one.

TriCo Bancshares (NASDAQ:TCBK) Institutional Positions Chart

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