TriCo Bancshares Achieves 64% Institutional Ownership

TriCo Bancshares has a significant institutional ownership of 64%, indicating that its stock price is highly sensitive to the actions of institutional investors, who own the majority of its shares. Recently, there have been insider sales, which may raise concerns among retail investors. Analysts have given TriCo Bancshares an average rating of 'Hold,' with a 12-month target price of $50.75. Various research firms have adjusted their price targets, with Piper Sandler lowering its estimate from $53 to $50 while DA Davidson raised theirs from $50 to $53. Hedge fund activity has also been noted, with some increasing their stakes in the company, suggesting ongoing interest despite recent insider selling. The overall sentiment reflects cautious optimism within the investment community regarding the company's future performance.