FMR LLC & Abigail Johnson Maintain 8.77% Stake in TRICO BANCSHARES
Ticker: TCBK · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 356171
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**FMR LLC and Abigail Johnson still own 8.77% of TRICO BANCSHARES, showing continued institutional interest.**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their ownership stake in TRICO BANCSHARES. As of February 9, 2024, they collectively beneficially own 2,917,373 shares of TRICO BANCSHARES common stock, representing 8.769% of the company. This filing indicates a slight adjustment in their reported holdings and is important for investors as it shows a significant institutional holder maintaining a substantial position in the regional bank.
Why It Matters
This filing confirms that a major institutional investor, FMR LLC, continues to hold a significant portion of TRICO BANCSHARES, which can signal confidence in the company's long-term prospects to other investors.
Risk Assessment
Risk Level: low — This is an amendment to an existing filing, indicating a stable, long-term institutional holding rather than a new, volatile event.
Analyst Insight
Investors should note the continued significant institutional ownership by FMR LLC, suggesting a stable long-term view from a major player, but this filing itself doesn't indicate a new buying or selling trend.
Key Numbers
- 2,917,373 — Shares Beneficially Owned (Total shares of TRICO BANCSHARES common stock held by FMR LLC and Abigail P. Johnson.)
- 8.769% — Percent of Class (The percentage of TRICO BANCSHARES's common stock owned by FMR LLC and Abigail P. Johnson.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, principal owner of FMR LLC
- TRICO BANCSHARES (company) — issuer of the common stock
- 2,917,373 (dollar_amount) — number of shares beneficially owned
- 8.769% (dollar_amount) — percentage of class beneficially owned
FAQ
What is the primary purpose of this SC 13G/A filing by FMR LLC?
This SC 13G/A filing is an amendment (Amendment No.6) to an earlier Schedule 13G, indicating an update to FMR LLC's and Abigail P. Johnson's beneficial ownership of TRICO BANCSHARES common stock, filed under Rule 13d-1(b).
How many shares of TRICO BANCSHARES common stock does FMR LLC beneficially own as reported in this filing?
FMR LLC beneficially owns 2,917,373 shares of TRICO BANCSHARES common stock, as stated in Item 4(a) and Item 7 on the cover page for FMR LLC.
What percentage of TRICO BANCSHARES's common stock does Abigail P. Johnson beneficially own?
Abigail P. Johnson beneficially owns 8.769% of TRICO BANCSHARES's common stock, as indicated in Item 11 on her cover page and Item 4(b) for the combined ownership.
What is the CUSIP number for TRICO BANCSHARES common stock mentioned in the filing?
The CUSIP number for TRICO BANCSHARES common stock is 896095106, as listed under 'Cusip #896095106' at the beginning of the filing and in Item 2(e).
Where are TRICO BANCSHARES's principal executive offices located?
TRICO BANCSHARES's principal executive offices are located at 63 Constitution Drive, Chico, CA 95973 US, as stated in Item 1(b) of the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding TRICO BANCSHARES / (TCBK).