How TriCo Bancshares (TCBK) Compares to Its Peers Using This Key Metric

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Now, key money managers were breaking ground themselves. Citadel Investment Group, led by Ken Griffin, assembled the most outsized position in TriCo Bancshares (NASDAQ:TCBK). Citadel Investment Group had $0.7 million invested in the company at the end of the quarter.

Let’s go over hedge fund activity in other stocks similar to TriCo Bancshares (NASDAQ:TCBK). We will take a look at Green Plains Partners LP (NASDAQ:GPP), Crocs, Inc. (NASDAQ:CROX), CTS Corporation (NYSE:CTS), and Nuveen Floating Rate Income Fund (NYSE:JFR). All of these stocks’ market caps are closest to TCBK’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
GPP 5 83207 0
CROX 10 37086 2
CTS 4 76463 -2
JFR 4 4183 -1

As you can see these stocks had an average of 6 hedge funds with bullish positions and the average amount invested in these stocks was $50 million. That figure was $28 million in TCBK’s case. Crocs, Inc. (NASDAQ:CROX) is the most popular stock in this table. On the other hand CTS Corporation (NYSE:CTS) is the least popular one with only 4 bullish hedge fund positions. TriCo Bancshares (NASDAQ:TCBK) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard CROX might be a better candidate to consider taking a long position in.

Disclosure: None

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