In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), TriCo Bancshares (NASDAQ:TCBK) reported that Trico Bancshares Employee Stock Ownership Plan & Trust has picked up 1,270,256 of common stock as of 2017-06-21.
The acquisition brings the aggregate amount owned by Trico Bancshares Employee Stock Ownership Plan & Trust to a total of 1,270,256 representing a 5.6% stake in the company.
For those not familiar with the company, TriCo Bancshares is a bank holding company. The Company’s principal subsidiary is Tri Counties Bank, a California-chartered commercial bank (the Bank). The Bank offers banking services to retail customers and small to medium-sized businesses through 68 branch offices in Northern and Central California. As of December 31, 2016, the Bank was engaged in the general commercial banking business in 26 counties in Northern and Central California. The Bank operated from 58 traditional branches and 10 in-store branches, as of December 31, 2016. The Bank conducts a commercial banking business, including accepting demand, savings and time deposits and making commercial, real estate, and consumer loans. It also offers installment note collection, issues cashier’s checks, sells travelers checks and provides safe deposit boxes and other customary banking services.
A glance at TriCo Bancshares (NASDAQ:TCBK)’s key stats reveals a current market capitalization of $781.82 Million based on $22.87 Million shares outstanding and a price at last close of $34.74 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2015-11-10, Kilkenny picked up 600 at a purchase price of $28.80. This brings their total holding to 3,139 as of the date of the filing.
On the sell side, the most recent transaction saw Reddish unload 23,435 shares at a sale price of $31.40. This brings their total holding to 25,067.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an TriCo Bancshares (NASDAQ:TCBK) as things move forward to see if its progress aligns with these transactions.
Subscribe below and we’ll keep you on top of what’s happening before it moves markets.