BlackRock Amends TRICO BANCSHARES Stake (Amendment No: 13)
Ticker: TCBK · Form: SC 13G/A · Filed: Jan 26, 2024 · CIK: 356171
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, banking, investor-update
TL;DR
**BlackRock just updated its TRICO BANCSHARES holdings, watch for potential market reaction.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 26, 2024, indicating its ownership of TRICO BANCSHARES' Common Stock as of December 31, 2023. This filing is an amendment (Amendment No: 13), suggesting a change in BlackRock's previously reported stake in TRICO BANCSHARES. For investors, this matters because BlackRock is a major institutional investor, and changes in its holdings can signal shifts in its confidence or strategy regarding TRICO BANCSHARES, potentially influencing other investors.
Why It Matters
This filing shows BlackRock, a significant institutional investor, has updated its position in TRICO BANCSHARES, which can be a signal to the market about the stock's attractiveness.
Risk Assessment
Risk Level: low — This filing is a routine update from a large institutional investor and does not inherently signal high risk, but rather a change in ownership disclosure.
Analyst Insight
An investor should monitor subsequent filings from BlackRock or TRICO BANCSHARES for more detailed information on the change in BlackRock's stake, as this filing only indicates an amendment without specifying the magnitude of the change.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person filing the SC 13G/A
- TRICO BANCSHARES (company) — the issuer whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 26, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'Amendment No: 13' in the filing.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., as stated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.'.
What is the subject company (issuer) of the securities being reported?
The subject company, or issuer, is TRICO BANCSHARES, as identified under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TRICO BANCSHARES /'.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of TRICO BANCSHARES is 896095106, as listed under 'CUSIP No. 896095106'.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as stated in the document: 'December 31, 2023 (Date of Event Which Requires Filing of this Statement)'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 26, 2024 regarding TRICO BANCSHARES / (TCBK).