Trico Bancshares (NASDAQ:TCBK)’s Trend Unknown, Especially After Increased Shorts

April 16, 2018 - By sdfsdfsdf

Investors sentiment decreased to 1.02 in Q4 2017. Its down 0.29, from 1.31 in 2017Q3. It worsened, as 8 investors sold TriCo Bancshares shares while 45 reduced holdings. 14 funds opened positions while 40 raised stakes. 15.61 million shares or 0.54% more from 15.52 million shares in 2017Q3 were reported.
Cetera Advisor Ltd Liability holds 0.03% or 17,640 shares in its portfolio. Clarivest Asset Mgmt Limited Liability Company owns 0% invested in TriCo Bancshares (NASDAQ:TCBK) for 6,673 shares. Barclays Public Ltd Company has invested 0% in TriCo Bancshares (NASDAQ:TCBK). Employees Retirement Association Of Colorado, a Colorado-based fund reported 11,800 shares. Systematic Fincl L P reported 32,940 shares stake. Alliancebernstein Limited Partnership holds 0% in TriCo Bancshares (NASDAQ:TCBK) or 27,016 shares. Great West Life Assurance Can owns 0% invested in TriCo Bancshares (NASDAQ:TCBK) for 3,751 shares. Ironwood Invest Mngmt Limited Liability holds 0.55% or 20,465 shares in its portfolio. Prudential Fincl Inc has 96,638 shares for 0% of their portfolio. Columbia Wanger Asset Mngmt Limited Liability Corporation reported 0.18% in TriCo Bancshares (NASDAQ:TCBK). 69,524 are held by First Tru Advsrs L P. Boston Advisors Ltd accumulated 64,942 shares or 0.05% of the stock. Heartland Advsrs stated it has 377,320 shares. Bankshares Of America De has invested 0% in TriCo Bancshares (NASDAQ:TCBK). Deutsche Fincl Bank Ag holds 0% of its portfolio in TriCo Bancshares (NASDAQ:TCBK) for 61,253 shares.

The stock of Trico Bancshares (NASDAQ:TCBK) registered an increase of 8.12% in short interest. TCBK’s total short interest was 676,100 shares in April as published by FINRA. Its up 8.12% from 625,300 shares, reported previously. With 71,100 shares average volume, it will take short sellers 10 days to cover their TCBK’s short positions. The short interest to Trico Bancshares’s float is 3.35%.

The stock increased 0.81% or $0.3 during the last trading session, reaching $37.45. About 10,934 shares traded. TriCo Bancshares (NASDAQ:TCBK) has risen 9.71% since April 16, 2017 and is uptrending. It has underperformed by 1.84% the S&P500.

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 $859.71 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 17.34 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.

TriCo Bancshares (NASDAQ:TCBK) Ratings Coverage

Among 4 analysts covering Trico Bancshares (NASDAQ:TCBK), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Trico Bancshares had 8 analyst reports since December 12, 2017 according to SRatingsIntel. The stock has “Hold” rating by Keefe Bruyette & Woods on Tuesday, December 12. The stock of TriCo Bancshares (NASDAQ:TCBK) earned “Hold” rating by Keefe Bruyette & Woods on Tuesday, January 30. Sandler O’Neill maintained it with “Buy” rating and $4400 target in Friday, March 23 report. As per Thursday, December 21, the company rating was maintained by Keefe Bruyette & Woods. As per Tuesday, March 13, the company rating was upgraded by Keefe Bruyette & Woods. The firm earned “Hold” rating on Wednesday, December 13 by FIG Partners. On Monday, February 26 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”.

TriCo Bancshares (NASDAQ:TCBK) Institutional Positions Chart

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