Mutual of America Capital Management LLC increased its stake in TriCo Bancshares (NASDAQ:TCBK) by 25.6% during the third quarter, Holdings Channel reports. The fund owned 75,872 shares of the financial services provider’s stock after buying an additional 15,468 shares during the period. Mutual of America Capital Management LLC owned approximately 0.33% of TriCo Bancshares worth $2,031,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Renaissance Technologies LLC raised its stake in TriCo Bancshares by 6.6% in the first quarter. Renaissance Technologies LLC now owns 640,037 shares of the financial services provider’s stock valued at $16,206,000 after buying an additional 39,400 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its stake in TriCo Bancshares by 8.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 32,680 shares of the financial services provider’s stock valued at $827,000 after buying an additional 2,500 shares in the last quarter. Panagora Asset Management Inc. raised its stake in TriCo Bancshares by 17.8% in the first quarter. Panagora Asset Management Inc. now owns 241,034 shares of the financial services provider’s stock valued at $6,103,000 after buying an additional 36,491 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in TriCo Bancshares during the second quarter valued at about $675,000. Finally, Bank of Montreal Can acquired a new stake in TriCo Bancshares during the second quarter valued at about $2,742,000. Hedge funds and other institutional investors own 68.00% of the company’s stock.

Institutional Ownership by Quarter for TriCo Bancshares (NASDAQ:TCBK)

Shares of TriCo Bancshares (NASDAQ:TCBK) traded down 0.16% during trading on Wednesday, hitting $31.26. The stock had a trading volume of 48,775 shares. The company has a market capitalization of $713.57 million, a price-to-earnings ratio of 16.45 and a beta of 0.89. TriCo Bancshares has a 52 week low of $23.47 and a 52 week high of $32.38. The company’s 50 day moving average price is $27.88 and its 200 day moving average price is $27.31.

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A number of equities analysts have recently weighed in on TCBK shares. Zacks Investment Research upgraded TriCo Bancshares from a “sell” rating to a “hold” rating in a research note on Wednesday, October 5th. FIG Partners lowered TriCo Bancshares from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 2nd.

In other TriCo Bancshares news, COO Carol A. Ward sold 1,244 shares of TriCo Bancshares stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $28.69, for a total transaction of $35,690.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Craig B. Carney sold 4,679 shares of TriCo Bancshares stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $27.01, for a total value of $126,379.79. Following the transaction, the executive vice president now owns 10,288 shares of the company’s stock, valued at approximately $277,878.88. The disclosure for this sale can be found here. Company insiders own 10.60% of the company’s stock.

About TriCo Bancshares

TriCo Bancshares is the bank holding company of Tri Counties Bank (the Bank). The Company 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.

5 Day Chart for NASDAQ:TCBK

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