TriCo Bancshares (TCBK) CEO Richard Smith Sells $151K of Stock

Richard Smith's Recent Sale

On June 12, 2026, Richard Smith, the CEO and President of TriCo Bancshares, sold 2,861 shares of the company at a price of $52.64 each. This transaction was valued at approximately $150,603, based on the reported price. Smith's sale comes after he increased his stake in the company just a few weeks earlier, on June 25, 2026, when he purchased 14,513 shares.

Insider Buying and Selling at TriCo Bancshares

Richard Smith's sale fits into a pattern of recent insider activity at TriCo Bancshares. On the same day he sold shares, other insiders were actively trading as well. For instance, Gregory Gehlmann, the SVP General Counsel, bought 2,876 shares, while Chief Risk Officer Angela Tamara Rudd sold 667 shares. Additionally, Chief Information Officer Jason Todd Levingston purchased 1,604 shares, and EVP Chief Credit Officer Craig Carney bought 4,561 shares on June 25, 2026. These transactions indicate a mix of buying and selling among the company's leadership.

Stock Performance and Market Context

TriCo Bancshares' stock closed at $51.67 on the day of Smith's sale. This price is near the lower end of its 52-week range, which has been between $40.44 and $61.71. The stock has been trading below its 50-day moving average of $56.36, suggesting it may be experiencing some downward pressure in the market. Investors will be watching closely to see how the stock performs as it approaches its next earnings report.

Analysts Set New Price Targets

Analysts have maintained a generally neutral stance on TriCo Bancshares. On October 1, 2026, Piper Sandler maintained a Neutral rating with a target price of $56.50, down from a prior target of $63.00. Earlier, on July 27, 2026, both Piper Sandler and DA Davidson also kept their Neutral ratings but adjusted their price targets to $63.00 and $65.00, respectively. This indicates that while there is some caution in the market, analysts still see potential for the stock.

What TriCo Bancshares Does

TriCo Bancshares operates as a bank holding company for Tri Counties Bank, providing a range of banking services including loans and deposit accounts to individuals and businesses. This recent insider activity, particularly Smith's sale, may reflect strategic decisions amid changing market conditions.

What's Ahead for TriCo Bancshares

As TriCo Bancshares prepares to report its earnings on October 22, 2026, investors will be keen to see how the company's financial health aligns with recent insider trading patterns. Smith's sale and other insider transactions may provide insight into the company’s direction and management's confidence in its future performance.