TriCo Bancshares price target raised to $45 from $43 at DA Davidson

DA Davidson analyst Jeff Rulis raised the firm’s price target on TriCo Bancshares (TCBK) to $45 from $43 and keeps a Neutral rating on the shares. TriCo’s Q2 was positive on many fronts, including strong balance sheet growth, net interest margin expansion and improved efficiency, the analyst tells investors in a research note. Building capital levels, easing regulatory scrutiny and a history of M&A transactions could indicate a favorable acquisition may be in play, the firm says.