Trico Bancshares

The stock remains in a healthy Stage 2 uptrend reinforced by Higher Highs & Higher Lows and a recent Momentum Breakout, but price is now extremely overbought and extended well above the 9/21/50 EMAs. Short-term timing is unfavorable, so we defer new entries and look to pullbacks into the rising EMAs or the prior breakout zone for confirmation of demand absorption. Medium-term bias stays bullish under the Growth at Reasonable Price strategy.

• ↑First Hawaiian acquisition expands Western U.S. footprint; stock jumped ~12% post-announcement
• ↑Profit margin ~30% and P/E ~12.8 indicate solid profitability
• ↓Trading at $58.78 vs. GF Value $46.14 suggests ~27% overvaluation risk