Analysts expect TriCo Bancshares (NASDAQ:TCBK) to post earnings of $0.64 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for TriCo Bancshares’ earnings. The highest EPS estimate is $0.69 and the lowest is $0.59. TriCo Bancshares posted earnings of $0.52 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 23.1%. The firm is expected to announce its next quarterly earnings report on Thursday, April 26th.
On average, analysts expect that TriCo Bancshares will report full-year earnings of $2.57 per share for the current financial year, with EPS estimates ranging from $2.13 to $2.90. For the next fiscal year, analysts forecast that the business will post earnings of $3.07 per share, with EPS estimates ranging from $2.95 to $3.20. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for TriCo Bancshares.
TriCo Bancshares (NASDAQ:TCBK) last announced its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.08). TriCo Bancshares had a net margin of 17.52% and a return on equity of 9.70%. The business had revenue of $57.57 million during the quarter, compared to analyst estimates of $58.45 million.
Several research analysts have commented on the stock. Zacks Investment Research cut shares of TriCo Bancshares from a “buy” rating to a “hold” rating in a report on Thursday, April 5th. Sandler O’Neill reiterated a “buy” rating and set a $44.00 price target on shares of TriCo Bancshares in a report on Friday, March 23rd. Keefe, Bruyette & Woods upgraded shares of TriCo Bancshares from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 13th. ValuEngine upgraded shares of TriCo Bancshares from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Finally, BidaskClub upgraded shares of TriCo Bancshares from a “sell” rating to a “hold” rating in a research report on Tuesday, March 6th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. TriCo Bancshares presently has a consensus rating of “Hold” and a consensus target price of $42.25.
NASDAQ TCBK traded up $0.76 on Thursday, hitting $37.44. 24,860 shares of the stock were exchanged, compared to its average volume of 82,884. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.35. TriCo Bancshares has a fifty-two week low of $32.82 and a fifty-two week high of $43.79. The stock has a market capitalization of $842.27, a PE ratio of 17.64, a price-to-earnings-growth ratio of 1.43 and a beta of 0.85.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Friday, March 16th were given a dividend of $0.17 per share. The ex-dividend date was Thursday, March 15th. This represents a $0.68 annualized dividend and a dividend yield of 1.82%. TriCo Bancshares’s dividend payout ratio is presently 32.69%.
Several large investors have recently modified their holdings of TCBK. JPMorgan Chase & Co. raised its position in TriCo Bancshares by 39.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 546,175 shares of the financial services provider’s stock valued at $22,004,000 after purchasing an additional 153,680 shares during the last quarter. Kavi Asset Management LP acquired a new position in TriCo Bancshares in the 4th quarter valued at $2,858,000. Penn Capital Management Co. Inc. acquired a new position in TriCo Bancshares in the 4th quarter valued at $2,009,000. Allianz Asset Management GmbH acquired a new position in TriCo Bancshares in the 4th quarter valued at $1,955,000. Finally, Dimensional Fund Advisors LP increased its stake in TriCo Bancshares by 3.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,114,530 shares of the financial services provider’s stock valued at $45,417,000 after buying an additional 37,461 shares during the period. Institutional investors and hedge funds own 69.77% of the company’s stock.
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TriCo Bancshares Company Profile
TriCo Bancshares is a bank holding company. The Company’s principal subsidiary is Tri Counties Bank, a California-chartered commercial bank (the Bank). The Bank offers banking services to retail customers and small to medium-sized businesses through 68 branch offices in Northern and Central California.
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