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

TriCo Bancshares (NASDAQ:TCBK) is expected to issue its quarterly earnings data 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:TCBK) last posted its earnings results on Thursday, October 24th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.06. The firm had revenue of $133.84 million during the quarter, compared to the consensus estimate of $98.65 million. TriCo Bancshares had a net margin of 21.12% and a return on equity of 9.45%. 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 Up 2.0 %

TCBK opened at $43.27 on Thursday. The company has a market cap of $1.43 billion, a PE ratio of 12.88 and a beta of 0.58. TriCo Bancshares has a 1 year low of $31.73 and a 1 year high of $51.06. The firm has a 50 day moving average price of $46.23 and a 200 day moving average price of $44.19. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.86 and a current ratio of 0.86.

TriCo Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date was Friday, December 6th. TriCo Bancshares’s dividend payout ratio is presently 39.29%.

Insiders Place Their Bets

In related news, Director Cory W. Giese sold 5,100 shares of TriCo Bancshares stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $49.47, for a total value of $252,297.00. Following the transaction, the director now owns 6,128 shares of the company’s stock, valued at approximately $303,152.16. This trade represents a 45.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.64% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

TriCo Bancshares Company Profile

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.