Trico Bancshares (NASDAQ:TCBK) Stock Is Shorted Less

September 30, 2018 - By Kristin Houston

Investors sentiment decreased to 1.21 in Q2 2018. Its down 0.16, from 1.37 in 2018Q1. It turned negative, as 10 investors sold TriCo Bancshares shares while 32 reduced holdings. 15 funds opened positions while 36 raised stakes. 15.92 million shares or 0.41% less from 15.98 million shares in 2018Q1 were reported.
Ativo Cap Management Lc reported 27,095 shares stake. Systematic Ltd Partnership invested 0.03% in TriCo Bancshares (NASDAQ:TCBK). Wellington Management Group Llp reported 16,392 shares or 0% of all its holdings. 2,550 are owned by Manchester Capital Ltd Liability Company. Eagle Asset holds 0.07% or 365,045 shares in its portfolio. Piermont Capital Mngmt stated it has 42,135 shares. Parametric Port Ltd Liability Com holds 69,400 shares. Northern Trust invested in 578,302 shares. Credit Suisse Ag has 34,749 shares for 0% of their portfolio. Schwab Charles Investment Management reported 114,866 shares. Aperio Group Limited Liability invested in 0% or 7,073 shares. Geode Mgmt Ltd Liability has 0% invested in TriCo Bancshares (NASDAQ:TCBK) for 220,967 shares. Deutsche Bancorp Ag stated it has 0% in TriCo Bancshares (NASDAQ:TCBK). Piedmont Inv Advsrs Ltd holds 355 shares or 0% of its portfolio. Alps Advsr Incorporated owns 13,246 shares.

The stock of Trico Bancshares (NASDAQ:TCBK) registered a decrease of 5.76% in short interest. TCBK’s total short interest was 258,400 shares in September as published by FINRA. Its down 5.76% from 274,200 shares, reported previously. With 65,100 shares average volume, it will take short sellers 4 days to cover their TCBK’s short positions.

The stock increased 1.05% or $0.4 during the last trading session, reaching $38.62. About 92,748 shares traded or 15.42% up from the average. TriCo Bancshares (NASDAQ:TCBK) has risen 9.26% since September 30, 2017 and is uptrending. It has underperformed by 6.36% 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 $1.17 billion. 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 20.54 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 2 analysts covering TriCo Bancshares (NASDAQ:TCBK), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. TriCo Bancshares had 2 analyst reports since May 8, 2018 according to SRatingsIntel. The firm has “Outperform” rating given on Tuesday, May 8 by Raymond James.

TriCo Bancshares (NASDAQ:TCBK) Institutional Positions Chart

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