Somewhat Positive News Coverage Somewhat Unlikely to Impact TriCo Bancshares (TCBK) Share Price

News coverage about TriCo Bancshares (NASDAQ:TCBK) has been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. TriCo Bancshares earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 46.0248405786698 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the media stories that may have impacted Accern Sentiment’s rankings:

Several brokerages have weighed in on TCBK. BidaskClub raised shares of TriCo Bancshares from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 9th. Zacks Investment Research raised shares of TriCo Bancshares from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research report on Wednesday, August 2nd. ValuEngine raised shares of TriCo Bancshares from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, FBR & Co reissued a “hold” rating and set a $37.00 price target on shares of TriCo Bancshares in a research report on Monday, May 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $39.00.

Shares of TriCo Bancshares (NASDAQ:TCBK) traded up 0.17% on Friday, reaching $35.47. 99,228 shares of the company’s stock traded hands. The firm has a market cap of $813.15 million, a P/E ratio of 16.35 and a beta of 0.89. TriCo Bancshares has a 12-month low of $25.43 and a 12-month high of $38.58. The stock has a 50-day moving average of $36.11 and a 200 day moving average of $35.72.

In other news, EVP Craig B. Carney sold 5,000 shares of the business’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $37.25, for a total transaction of $186,250.00. Following the completion of the sale, the executive vice president now directly owns 23,998 shares of the company’s stock, valued at $893,925.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.10% of the stock is currently owned by insiders.

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About TriCo Bancshares

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.

Insider Buying and Selling by Quarter for TriCo Bancshares (NASDAQ:TCBK)

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