Extremely significant positive changes in TriCo Bancshares (NASDAQ: TCBK) investment behavior have recently occurred: positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and its shorter term price trend turned up.
TriCo Bancshares (NASDAQ: TCBK) has benefited from small positive changes in fundamentals: significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
TCBK’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
TriCo Bancshares has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. TriCo Bancshares has a neutral Power Rating of 51 but a good Appreciation Score of 73, producing the Positive Value Trend Rating.
Recent Price Action
TriCo Bancshares (NASDAQ: TCBK) stock closed at $37.47 on 5/3/24 after a modest gain of 0.8%. This advance was accompanied by normal trading volume. The stock has risen 9.4% during the last week and has performed in line with the market over the last nine months.
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