Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for TriCo Bancshares (NASDAQ: TCBK) improved during the last several trading days. TCBK’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
On 8/9/24, TriCo Bancshares (NASDAQ: TCBK) stock declined slightly by -0.9%, closing at $41.60. Moreover, unusually high trading volume at 152% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -6.0% during the last week.
Current PriceTarget Research Rating
TCBK is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
TriCo Bancshares has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. TriCo Bancshares has a neutral Power Rating of 56 and a slightly positive Appreciation Score of 69, triggering the Positive Value Trend Rating.
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