TriCo Bancshares (TCBK) was Downgraded by Keefe Bruyette to ” Mkt Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Keefe Bruyette advised their investors in a research report released on Jul 29, 2016.
TriCo Bancshares closed down -0.14 points or -0.50% at $27.84 with 22,897 shares getting traded on Thursday. Post opening the session at $27.89, the shares hit an intraday low of $27.74 and an intraday high of $28 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
In a different news, on Jul 14, 2016, Carol A Ward (EVP/Chief Operating Officer) sold 3,944 shares at $28.11 per share price. According to the SEC, on Jun 9, 2016, Richard B Osullivan (EVP Wholesale Banking) sold 25,000 shares at $27.59 per share price. On Jun 9, 2016, Thomas J Reddish (EVP & Chief Financial Officer) sold 2,000 shares at $28.00 per share price, according to the Form-4 filing with the securities and exchange commission.
TriCo Bancshares is a bank holding company that operates through its wholly owned subsidiary Tri Counties Bank (the Bank). The Bank 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. Brokerage services are provided at the Bank’s offices by the Bank’s association with Raymond James Financial Services Inc. an independent financial services provider and broker-dealer. The Company is engaged in the general commercial banking business through approximately 73 offices in 26 counties in Northern and Central California.