November 17, 2016 - By Adrian Mccoy · 0 Comments
The stock of Trico Bancshares (NASDAQ:TCBK) registered an increase of 8.81% in short interest. TCBK’s total short interest was 390,200 shares in November as published by FINRA. Its up 8.81% from 358,600 shares, reported previously. With 55,100 shares average volume, it will take short sellers 7 days to cover their TCBK’s short positions. The short interest to Trico Bancshares’s float is 1.95%. TriCo Bancshares (NASDAQ:TCBK) has risen 17.60% since April 15, 2016 and is uptrending. It has outperformed by 12.97% the S&P500.
TriCo Bancshares is the bank holding firm of Tri Counties Bank . The company has a market cap of $705.42 million. The Firm operates through community banking segment. It has a 16.16 P/E ratio. The Bank is engaged in the general commercial banking business in approximately 30 counties in Northern and Central California.
Insitutional Activity: The institutional sentiment decreased to 1.06 in 2016 Q2. Its down 0.07, from 1.13 in 2016Q1. The ratio worsened, as 3 funds sold all TriCo Bancshares shares owned while 46 reduced positions. 15 funds bought stakes while 37 increased positions. They now own 14.90 million shares or 0.16% less from 14.93 million shares in 2016Q1.
The New York-based Morgan Stanley has invested 0% in TriCo Bancshares (NASDAQ:TCBK). The New York-based Basswood Cap Mgmt Ltd has invested 0.22% in TriCo Bancshares (NASDAQ:TCBK). Gam Ag, a Switzerland-based fund reported 73,421 shares. Bnp Paribas Inv Prtn Sa has invested 0.04% of its portfolio in TriCo Bancshares (NASDAQ:TCBK). First Tru Advisors Ltd Partnership accumulated 32,808 shares or 0% of the stock. Manufacturers Life The accumulated 0.04% or 904,619 shares. Invesco holds 0% or 26,769 shares in its portfolio. Us Financial Bank De accumulated 0% or 283 shares. Banc Funds Lc holds 0.11% or 69,118 shares in its portfolio. State Board Of Administration Of Florida Retirement accumulated 16,389 shares or 0% of the stock. Allianz Asset Mngmt Ag reported 12,307 shares or 0% of all its holdings. Virginia Retirement Sys Et Al has 0% invested in the company for 12,100 shares. Columbia Wanger Asset Mngmt Lc owns 315,412 shares or 0.1% of their US portfolio. Moreover, Ubs Asset Management Americas has 0% invested in TriCo Bancshares (NASDAQ:TCBK) for 16,900 shares. Parametric Assocs Limited Liability Co, a Washington-based fund reported 9,522 shares.
Insider Transactions: Since May 18, 2016, the stock had 0 buys, and 6 insider sales for $1.04 million net activity. CARNEY CRAIG B sold 4,679 shares worth $126,368. OSULLIVAN RICHARD B sold 10,000 shares worth $267,650. Ward Carol A also sold $18,384 worth of TriCo Bancshares (NASDAQ:TCBK) shares. REDDISH THOMAS J sold $56,000 worth of stock or 2,000 shares.
Out of 2 analysts covering TriCo Bancshares (NASDAQ:TCBK), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. TriCo Bancshares has been the topic of 2 analyst reports since January 29, 2016 according to StockzIntelligence Inc. Keefe Bruyette & Woods downgraded TriCo Bancshares (NASDAQ:TCBK) on Friday, July 29 to “Market Perform” rating.
TriCo Bancshares, incorporated on October 13, 1981, is the bank holding firm of Tri Counties Bank (the Bank). The Firm operates through community banking segment. The Bank is engaged in the general commercial banking business in approximately 30 counties in Northern and Central California. The Bank operates from over 50 traditional branches and over 10 in-store branches. It conducts a commercial banking business, including accepting demand, savings and time deposits, and making commercial, real estate and consumer loans. It also offers installment note collection, issues cashier’s checks, sells travelers checks, and provides safe deposit boxes and other customary banking services. The Bank provides brokerage services at its offices by the association with Raymond James Financial Services, Inc., a financial services well-known provider and broker-dealer. The Bank is focused on retail banking operations. The Bank’s clients are retail clients and small to medium-sized businesses. The Bank focuses on serving the needs of local businesses, farmers and ranchers, retired individuals and wage earners.
More news for TriCo Bancshares (NASDAQ:TCBK) were recently published by: Businesswire.com, which released: “TriCo Bancshares Announces the Completion of Its Merger with North Valley Bancorp” on October 04, 2014. Businesswire.com‘s article titled: “TriCo Bancshares to Participate at Raymond James 2015 U.S. Bank Conference” and published on September 05, 2015 is yet another important article.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.
By Adrian Mccoy