TriCo Bancshares (TCBK) Projected to Post Quarterly Earnings on Thursday

TriCo Bancshares (NASDAQ:TCBKGet Free Report) is expected to announce its earnings results before the market opens on Thursday, January 23rd. Analysts expect the company to announce earnings of $0.79 per share and revenue of $99,020.00 billion for the quarter.

TriCo Bancshares (NASDAQ:TCBKGet Free Report) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.88 EPS for the quarter, topping the consensus estimate of $0.82 by $0.06. TriCo Bancshares had a net margin of 21.12% and a return on equity of 9.45%. The business had revenue of $133.84 million for the quarter, compared to analyst estimates of $98.65 million. On average, analysts expect TriCo Bancshares to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

TriCo Bancshares Stock Performance

NASDAQ:TCBK opened at $42.95 on Tuesday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $1.42 billion, a P/E ratio of 12.78 and a beta of 0.58. The firm has a 50-day moving average price of $45.81 and a two-hundred day moving average price of $44.31. TriCo Bancshares has a twelve month low of $31.73 and a twelve month high of $51.06.

TriCo Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $1.32 annualized dividend and a dividend yield of 3.07%. TriCo Bancshares’s dividend payout ratio is currently 39.29%.

Insider Transactions at TriCo Bancshares

In other TriCo Bancshares news, Director Cory W. Giese sold 5,100 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $49.47, for a total transaction of $252,297.00. Following the completion of the sale, the director now owns 6,128 shares of the company’s stock, valued at approximately $303,152.16. The trade was a 45.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on TCBK shares. Piper Sandler cut their price target on TriCo Bancshares from $53.00 to $50.00 and set an “overweight” rating for the company in a report on Monday, October 28th. DA Davidson lowered shares of TriCo Bancshares from a “buy” rating to a “neutral” rating and upped their target price for the company from $50.00 to $53.00 in a report on Tuesday, November 12th. Finally, Stephens lowered their price target on shares of TriCo Bancshares from $52.00 to $50.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, TriCo Bancshares presently has an average rating of “Hold” and an average price target of $48.20.

Get Our Latest Analysis on TCBK

TriCo Bancshares Company Profile

(Get Free Report)

TriCo Bancshares operates as a bank holding company for Tri Counties Bank that provides commercial banking services to individual and corporate customers. The company accepts demand, savings, and time deposits. It also provides small business loans; real estate mortgage loans, such as residential and commercial loans; consumer loans; mortgage, auto, other vehicle, and personal loans; commercial loans, including agricultural loans; and real estate construction loans.

See Also

Earnings History for TriCo Bancshares (NASDAQ:TCBK)

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