SEC Form SC 13G/A filed by TriCo Bancshares (Amendment)

2/9/22 10:01:24 AM ET

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SC 13G/A 1 filing.txt SCHEDULE 13G Amendment No. 4 TRICO BANCSHARES COMMON STOCK Cusip #896095106 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [x] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) Cusip #896095106 Item 1: Reporting Person - FMR LLC Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 0 Item 6: 0 Item 7: 2,671,343 Item 8: 0 Item 9: 2,671,343 Item 11: 8.989% Item 12: HC Cusip #896095106 Item 1: Reporting Person - Abigail P. Johnson Item 2: (a) [ ] (b) [ ] Item 4: United States of America Item 5: 0 Item 6: 0 Item 7: 2,671,343 Item 8: 0 Item 9: 2,671,343 Item 11: 8.989% Item 12: IN Item 1(a). Name of Issuer: TRICO BANCSHARES Item 1(b). Address of Issuer's Principal Executive Offices: 63 Constitution Drive Chico, CA 95973 US Item 2(a). Name of Person Filing: FMR LLC Item 2(b). Address or Principal Business Office or, if None, Residence: 245 Summer Street, Boston, Massachusetts 02210 Item 2(c). Citizenship: Not applicable Item 2(d). Title of Class of Securities: COMMON STOCK Item 2(e). CUSIP Number: 896095106 Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c) and the person filing, FMR LLC, is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G). (Note: See Exhibit A). Item 4. Ownership (a) Amount Beneficially Owned: 2,671,343 (b) Percent of Class: 8.989% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 0 (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 2,671,343 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. Not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the COMMON STOCK of TRICO BANCSHARES. No one other person's interest in the COMMON STOCK of TRICO BANCSHARES is more than five percent of the total outstanding COMMON STOCK. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. See attached Exhibit A. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certifications. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. February 8, 2022 Date /s/ Kevin M. Meagher Signature Kevin M. Meagher Duly authorized under Power of Attorney effective as of September 28, 2018, by and on behalf of FMR LLC and its direct and indirect subsidiaries* * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on October 9, 2018, accession number: 0000315066-18-002414. Exhibit A Pursuant to the instructions in Item 7 of Schedule 13G, the following table lists the identity and Item 3 classification, if applicable, of each relevant entity that beneficially owns shares of the security class being reported on this Schedule 13G. Entity ITEM 3 Classification Fidelity Management & Research Company LLC * IA * Entity beneficially owns 5% or greater of the outstanding shares of the security class being reported on this Schedule 13G. Abigail P. Johnson is a Director, the Chairman and the Chief Executive Officer of FMR LLC. Members of the Johnson family, including Abigail P. Johnson, are the predominant owners, directly or through trusts, of Series B voting common shares of FMR LLC, representing 49% of the voting power of FMR LLC. The Johnson family group and all other Series B shareholders have entered into a shareholders' voting agreement under which all Series B voting common shares will be voted in accordance with the majority vote of Series B voting common shares. Accordingly, through their ownership of voting common shares and the execution of the shareholders' voting agreement, members of the Johnson family may be deemed, under the Investment Company Act of 1940, to form a controlling group with respect to FMR LLC. Neither FMR LLC nor Abigail P. Johnson has the sole power to vote or direct the voting of the shares owned directly by the various investment companies registered under the Investment Company Act ("Fidelity Funds") advised by Fidelity Management & Research Company LLC ("FMR Co. LLC"), a wholly owned subsidiary of FMR LLC, which power resides with the Fidelity Funds' Boards of Trustees. FMR Co. LLC carries out the voting of the shares under written guidelines established by the Fidelity Funds' Boards of Trustees. This filing reflects the securities beneficially owned, or that may be deemed to be beneficially owned, by FMR LLC, certain of its subsidiaries and affiliates, and other companies (collectively, the "FMR Reporters"). This filing does not reflect securities, if any, beneficially owned by certain other companies whose beneficial ownership of securities is disaggregated from that of the FMR Reporters in accordance with Securities and Exchange Commission Release No. 34-39538 (January 12, 1998). RULE 13d-1(k)(1) AGREEMENT The undersigned persons, on February 8, 2022, agree and consent to the joint filing on their behalf of this Schedule 13G in connection with their beneficial ownership of the COMMON STOCK of TRICO BANCSHARES at December 31, 2021. FMR LLC By /s/ Kevin M. Meagher Kevin M. Meagher Duly authorized under Power of Attorney effective as of September 28, 2018, by and on behalf of FMR LLC and its direct and indirect subsidiaries* Abigail P. Johnson By /s/ Kevin M. Meagher Kevin M. Meagher Duly authorized under Power of Attorney effective as of September 30, 2018, by and on behalf of Abigail P. Johnson* * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on October 9, 2018, accession number: 0000315066-18-002414.

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$TCBK

Date	Price Target	Rating	Analyst
11/12/2024	$50.00 → $53.00	Buy → Neutral	DA Davidson
7/26/2024		Buy → Neutral	Janney
5/11/2022	$46.00 → $48.00	Equal-Weight → Overweight	Stephens
5/3/2022	$49.00	Neutral → Buy	Janney
1/26/2022	$47.00 → $49.00	Outperform	Raymond James
10/27/2021	$46.00 → $47.00	Outperform	Raymond James
9/7/2021	$44.00 → $47.00	Neutral → Buy	DA Davidson
8/3/2021	$49.00	Neutral → Overweight	Piper Sandler

More analyst ratings

SEC Form SC 13G/A filed by TriCo Bancshares (Amendment)

2/9/22 10:01:24 AM ET

$TCBK

Major Banks

Finance

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Recent Analyst Ratings for

$TCBK

Date	Price Target	Rating	Analyst
11/12/2024	$50.00 → $53.00	Buy → Neutral	DA Davidson
7/26/2024		Buy → Neutral	Janney
5/11/2022	$46.00 → $48.00	Equal-Weight → Overweight	Stephens
5/3/2022	$49.00	Neutral → Buy	Janney
1/26/2022	$47.00 → $49.00	Outperform	Raymond James
10/27/2021	$46.00 → $47.00	Outperform	Raymond James
9/7/2021	$44.00 → $47.00	Neutral → Buy	DA Davidson
8/3/2021	$49.00	Neutral → Overweight	Piper Sandler

More analyst ratings

SEC Form SC 13G/A filed by TriCo Bancshares (Amendment)

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SEC Form SC 13G/A filed by TriCo Bancshares (Amendment)

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Press Releases

Tri Counties Bank Opens Newest Location in the West Portal Neighborhood of San Francisco

TriCo Bancshares Increases Quarterly Cash Dividend Reflective of Growth Expectations

TriCo Bancshares Reports Second Quarter 2025 Net Income of $27.5 Million, Diluted EPS of $0.84 2Q25

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Insider Trading

EVP Chief Credit Officer Carney Craig B converted options into 1,485 shares and covered exercise/tax liability with 869 shares, increasing direct ownership by 2% to 35,570 units (SEC Form 4)

EVP Chief Financial Officer Wiese Peter G converted options into 2,039 shares and covered exercise/tax liability with 289 shares, increasing direct ownership by 4% to 43,750 units (SEC Form 4)

SVP General Counsel Gehlmann Gregory A converted options into 937 shares, increasing direct ownership by 5% to 18,399 units (SEC Form 4)

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SEC Filings

TriCo Bancshares filed SEC Form 8-K: Other Events, Financial Statements and Exhibits

SEC Form 10-Q filed by TriCo Bancshares

TriCo Bancshares filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits

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TriCo Bancshares downgraded by DA Davidson with a new price target

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TriCo Bancshares Increases Quarterly Cash Dividend Reflective of Growth Expectations

TriCo Bancshares Reports Second Quarter 2025 Net Income of $27.5 Million, Diluted EPS of $0.84 2Q25

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Large Ownership Changes

Amendment: SEC Form SC 13G/A filed by TriCo Bancshares