TriCo Bancshares EVP Craig Carney Sells Shares
Craig Carney sold 2,675 shares of TriCo Bancshares on June 25, 2026.
Key Points
- Craig Carney, EVP at TriCo Bancshares, sold 2,675 shares at $53.55 each on June 25, 2026, totaling $143,246.25.
- TriCo Bancshares trades on NasdaqGS under TCBK, with a market cap of $1.73 billion and a P/E ratio of 13.68.
- Analysts maintain a positive outlook with Piper Sandler setting a price target of $63 on April 27, 2026.
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Craig Carney, the Executive Vice President and Chief Credit Officer at TriCo Bancshares, recently sold 2,675 shares of the company. The transaction, which took place on June 25, 2026, was executed at an average price of $53.55 per share, amounting to a total value of $143,246.25. This sale was not part of a pre-planned trading program.
Other Institutional Activity in TriCo Bancshares
Several institutional investors have also adjusted their positions in TriCo Bancshares. FMR LLC reduced its holdings by 32,534 shares, ending with 2,890,248 shares valued at approximately $137.4 million, a 1.1% decrease. BlackRock, Inc. trimmed its stake by 21,700 shares to 2,392,458, worth about $113.7 million, marking a 0.9% decrease. On the other hand, Dimensional Fund Advisors LP increased its position by 11,298 shares, holding 1,696,463 shares valued at $80.6 million, a 0.7% increase. Franklin Resources Inc. also boosted its stake by 12,652 shares, bringing its total to 1,649,900 shares worth $78.4 million, reflecting a 0.8% increase. Vanguard Capital Management LLC opened a new position with 1,275,507 shares valued at approximately $60.6 million.
TriCo Bancshares Stock Down 1.0%
Shares of NasdaqGS:TCBK traded near $53.91 on Monday. TriCo Bancshares, with a market capitalization of $1.73 billion, operates in the regional banks sector. The company has a P/E ratio of 13.68 and a forward P/E of 12.40. Its stock has a 52-week low of $39.69 and a high of $54.17, with 50-day and 200-day moving averages of $50.73 and $48.13, respectively. The stock's beta is 0.626, indicating lower volatility compared to the broader market.
$TCBK stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
TriCo Bancshares reported revenue of $415.93 million, with a growth rate of 10.7%. The company's earnings per share (EPS) stood at $3.94, while its net margin was 30.99%. The return on equity (ROE) was 9.99%. The company is scheduled to announce its next earnings on July 23, 2026.
Dividend
TriCo Bancshares offers an annual dividend rate of $1.44, yielding 2.67%. The dividend payout ratio is 35.79%, indicating a sustainable dividend policy.
Insider Buying and Selling at TriCo Bancshares
In addition to Craig Carney's sale, other insiders also adjusted their holdings on June 25, 2026. Daniel Bailey, EVP Chief Banking Officer, sold 4,373 shares, while Peter Wiese, EVP Chief Financial Officer, bought 6,259 shares. CEO Richard Smith sold 13,271 shares, and Angela Tamara Rudd, Chief Risk Officer, purchased 729 shares. Gregory Gehlmann, SVP General Counsel, sold 1,686 shares at $53.55 each.
Analysts Set New Price Targets
On April 27, 2026, Piper Sandler maintained a 'buy' rating on TriCo Bancshares, setting a price target of $63. Stephens & Co. also maintained a 'buy' rating with a target of $55. Keefe, Bruyette & Woods and DA Davidson both hold 'hold' ratings, with targets of $55 and $54, respectively. The consensus recommendation is a 'buy' with an average target price of $56.17 based on six analyst opinions.
About TriCo Bancshares
TriCo Bancshares is a bank holding company headquartered in Chico, California. It operates Tri Counties Bank, providing a wide range of commercial and retail banking services. The bank offers various deposit products and loans, including small business, real estate, consumer, and commercial loans. It also provides treasury management, credit and debit cards, and wealth management services. Founded in 1975, the company is led by CEO Richard P. Smith and employs 1,117 people.
Bottom Line
Craig Carney's recent sale of TriCo Bancshares shares is part of ongoing insider activity at the company. Investors often watch insider transactions for signals, but such sales don't necessarily indicate negative sentiment. TriCo Bancshares remains a notable player in the regional banking sector, with a stable financial performance and positive analyst outlook. As always, remember that these filings are backward-looking and may not reflect the most current positions.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.