TriCo Bancshares CEO Richard Smith Sells Shares
CEO Richard Smith sold 2,861 shares of TriCo Bancshares, valued at over $150,000.
Key Points
- On June 12, 2026, TriCo Bancshares CEO Richard Smith sold 2,861 shares, totaling $150,603.
- TriCo Bancshares trades on NasdaqGS under TCBK, with a market cap of $1.66 billion and a P/E ratio of 13.1.
- Piper Sandler maintains a buy rating with a $63 target, while the consensus target price is $56.
On June 12, 2026, Richard Smith, the CEO and President of TriCo Bancshares, sold 2,861 shares of the company. The transaction was valued at $150,603, with shares trading at an average price of $52.64. This sale was not part of a pre-arranged trading plan.
Insider Buying and Selling at TriCo Bancshares
In addition to Richard Smith's sale, several other insiders made transactions on the same day. Peter Wiese, the EVP Chief Financial Officer, both purchased and sold 2,104 shares. Daniel Bailey, EVP Chief Banking Officer, sold 1,608 shares, while Craig Carney, the EVP Chief Credit Officer, sold 899 shares at $52.64 each. Jason Todd Levingston, the Chief Information Officer, acquired 539 shares, and Angela Tamara Rudd, the Chief Risk Officer, bought 245 shares.
Other Institutional Activity in TriCo Bancshares
Several institutional investors adjusted their holdings in TriCo Bancshares recently. FMR LLC reduced its stake by 32,534 shares, ending with 2,890,248 shares worth about $137.4 million. BlackRock, Inc. also trimmed its position by 21,700 shares, holding 2,392,458 shares valued at $113.7 million. On the other hand, Dimensional Fund Advisors LP increased its holdings by 11,298 shares, bringing its total to 1,696,463 shares worth approximately $80.6 million. Franklin Resources Inc added 12,652 shares, now holding 1,649,900 shares valued at $78.4 million.
TriCo Bancshares Stock Snapshot
Shares of NasdaqGS:TCBK traded near $51.67. TriCo Bancshares has a market cap of $1.66 billion and a P/E ratio of 13.1. The stock's 52-week low is $37.96, and the high is $53.18, with a 50-day moving average of $50.35 and a 200-day moving average of $47.86. The company's beta is 0.626, indicating lower volatility compared to the market.
Recent Earnings
TriCo Bancshares reported revenue of $415.9 million with a 10.7% growth rate. The company's net margin stands at 30.99%, and return on equity is 9.99%. The next earnings report is expected on July 23, 2026.
Dividend
TriCo Bancshares offers an annual dividend rate of $1.44, yielding 2.79%. The dividend payout ratio is 35.79%.
Analysts Set New Price Targets
On April 27, 2026, Piper Sandler maintained a buy rating on TriCo Bancshares with a price target of $63. Other analysts, including Stephens & Co. and Keefe, Bruyette & Woods, have set targets of $55. The consensus target price among analysts is $56, based on six opinions.
About TriCo Bancshares
TriCo Bancshares, based in Chico, California, operates as a bank holding company for Tri Counties Bank. It provides a range of commercial and retail banking services, including deposit accounts, loans, and treasury management. The company also offers brokerage and wealth management services. Founded in 1975, TriCo Bancshares employs over 1,100 people.
Bottom Line
Insider trading activities, such as the recent sale by CEO Richard Smith, are closely watched by investors for potential insights into company prospects. It's important to note that these transactions are backward-looking and may not reflect current positions. TriCo Bancshares continues to be a subject of interest for analysts and institutional investors alike.
See Also
This instant news alert was generated by automated narrative technology and financial data from EarningsIQ and public regulatory filings. It is for informational purposes only and is not financial advice.