DA Davidson maintains Neutral rating on TriCo Bancshares, $55 price target
DA Davidson kept a Neutral rating on TriCo Bancshares with a $55 price target, suggesting a 4.4% upside. The bank's 3Q26 earnings beat estimates due to loan loss provision reversal and higher fee income, but merger uncertainty with First Hawaiian Bank led to the Neutral rating.
How this was made

The 30-second read
Why it matters
The reaffirmed Neutral rating and $55 price target provide limited new actionable insight; investors may monitor merger developments.
Market read
Analyst rating maintenance offers modest relevance for traders focused on regional banking stocks.
What to watch
Potential synergies from the First Hawaiian Bank merger are not quantified.
Background
TriCo Bancshares reported strong Q3 earnings, but analysts remain cautious because of a pending merger with First Hawaiian Bank.
Market effects
Banking sector may see slight caution due to merger uncertainty.
U.S. regional banks could experience modest sentiment drag.
Limited to U.S. regional banking investors.
Counterpoint
If the merger proceeds smoothly, the stock could rally above the $55 target.
Key entities
- companyTriCo Bancshares
U.S. regional bank (ticker TCB).
- companyFirst Hawaiian Bank
Potential merger partner.

