Dean Investment Associates LLC Holds Holdings in TriCo Bancshares (TCBK)
Dean Investment Associates LLC held its position in TriCo Bancshares (NASDAQ:TCBK) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 174,070 shares of the financial services provider’s stock at the close of the second quarter. TriCo Bancshares comprises about 1.0% of Dean Investment Associates LLC’s holdings, making the stock its 22nd largest holding. Dean Investment Associates LLC owned about 0.76% of TriCo Bancshares worth $6,185,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Alps Advisors Inc. lifted its holdings in TriCo Bancshares by 0.3% in the second quarter. Alps Advisors Inc. now owns 13,390 shares of the financial services provider’s stock valued at $471,000 after acquiring an additional 34 shares during the last quarter. Federated Investors Inc. PA lifted its holdings in TriCo Bancshares by 0.3% in the second quarter. Federated Investors Inc. PA now owns 11,701 shares of the financial services provider’s stock valued at $411,000 after acquiring an additional 35 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in TriCo Bancshares by 0.4% in the second quarter. Wells Fargo & Company MN now owns 39,785 shares of the financial services provider’s stock valued at $1,398,000 after acquiring an additional 141 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in TriCo Bancshares by 0.5% in the second quarter. Ameriprise Financial Inc. now owns 55,529 shares of the financial services provider’s stock valued at $1,952,000 after acquiring an additional 291 shares during the last quarter. Finally, Bessemer Group Inc. lifted its holdings in TriCo Bancshares by 1.2% in the second quarter. Bessemer Group Inc. now owns 34,300 shares of the financial services provider’s stock valued at $1,206,000 after acquiring an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 69.62% of the company’s stock.
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TriCo Bancshares (TCBK) traded up 0.45% on Wednesday, reaching $35.68. The company’s stock had a trading volume of 9,183 shares. The firm has a 50 day moving average price of $36.01 and a 200 day moving average price of $35.52. TriCo Bancshares has a 52 week low of $25.43 and a 52 week high of $38.58. The stock has a market capitalization of $817.96 million, a P/E ratio of 16.44 and a beta of 0.90.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a $0.17 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.91%. TriCo Bancshares’s dividend payout ratio (DPR) is presently 31.34%.
TCBK has been the topic of a number of recent analyst reports. Zacks Investment Research cut TriCo Bancshares from a “buy” rating to a “hold” rating in a report on Tuesday, May 30th. ValuEngine upgraded TriCo Bancshares from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, BidaskClub cut TriCo Bancshares from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $38.50.
In other TriCo Bancshares news, EVP Craig B. Carney sold 5,000 shares of TriCo Bancshares stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $37.25, for a total value of $186,250.00. Following the transaction, the executive vice president now owns 23,998 shares in the company, valued at approximately $893,925.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 9.10% of the stock is owned by company insiders.
TriCo Bancshares Company 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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