FJ Capital Management LLC Purchases Shares of 92,492 TriCo Bancshares $TCBK

FJ Capital Management LLC acquired a new position in TriCo Bancshares (NASDAQ:TCBK) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 92,492 shares of the financial services provider’s stock, valued at approximately $4,381,000. FJ Capital Management LLC owned 0.28% of TriCo Bancshares as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in TCBK. AQR Capital Management LLC boosted its stake in shares of TriCo Bancshares by 28.9% in the first quarter. AQR Capital Management LLC now owns 32,711 shares of the financial services provider’s stock worth $1,307,000 after acquiring an additional 7,334 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of TriCo Bancshares by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,011 shares of the financial services provider’s stock worth $760,000 after acquiring an additional 820 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of TriCo Bancshares by 4.4% in the first quarter. Goldman Sachs Group Inc. now owns 643,656 shares of the financial services provider’s stock worth $25,727,000 after acquiring an additional 27,193 shares during the period. Empowered Funds LLC boosted its stake in shares of TriCo Bancshares by 8.4% in the first quarter. Empowered Funds LLC now owns 51,204 shares of the financial services provider’s stock worth $2,047,000 after acquiring an additional 3,951 shares during the period. Finally, Jane Street Group LLC boosted its stake in shares of TriCo Bancshares by 280.1% in the first quarter. Jane Street Group LLC now owns 49,452 shares of the financial services provider’s stock worth $1,977,000 after acquiring an additional 36,443 shares during the period. Institutional investors own 59.11% of the company’s stock.

TriCo Bancshares Price Performance

Shares of TriCo Bancshares stock opened at $52.64 on Friday. The stock has a 50 day moving average of $50.24 and a 200 day moving average of $49.31. TriCo Bancshares has a 12 month low of $36.32 and a 12 month high of $53.18. The firm has a market cap of $1.68 billion, a PE ratio of 13.33 and a beta of 0.60. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.04.

TriCo Bancshares (NASDAQ:TCBK) last issued its quarterly earnings data on Monday, March 2nd. The financial services provider reported $1.03 earnings per share (EPS) for the quarter. TriCo Bancshares had a return on equity of 9.87% and a net margin of 23.71%.The business had revenue of $111.21 million for the quarter. On average, research analysts expect that TriCo Bancshares will post 4.22 EPS for the current fiscal year.

TriCo Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be given a dividend of $0.36 per share. The ex-dividend date is Friday, June 5th. This represents a $1.44 dividend on an annualized basis and a yield of 2.7%. TriCo Bancshares’s dividend payout ratio is 36.46%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Zacks Research lowered TriCo Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 5th. Weiss Ratings raised TriCo Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 25th. Finally, Piper Sandler upped their price objective on TriCo Bancshares from $59.00 to $63.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $54.60.

TriCo Bancshares Profile

TriCo Bancshares, Inc is the bank holding company for Tri Counties Bank, a community-oriented financial institution headquartered in Chico, California. Through its wholly owned subsidiary, the company provides a comprehensive range of banking and financial services to individuals, small businesses, and commercial clients. Offering a full suite of deposit accounts, lending solutions and digital banking tools, TriCo Bancshares combines personalized service with modern technology to meet the evolving needs of its customers.

The company’s core products and services include commercial and consumer lending, deposit and cash management solutions, mortgage banking, and agricultural financing.