DA Davidson Has Pessimistic Outlook of TCBK FY2025 Earnings

TriCo Bancshares (NASDAQ:TCBK) – DA Davidson dropped their FY2025 earnings per share (EPS) estimates for TriCo Bancshares in a note issued to investors on Thursday, December 19th. DA Davidson analyst J. Rulis now forecasts that the financial services provider will post earnings per share of $3.40 for the year, down from their previous forecast of $3.45. DA Davidson has a “Neutral” rating and a $53.00 price objective on the stock. The consensus estimate for TriCo Bancshares’ current full-year earnings is $3.38 per share.

Other research analysts have also issued reports about the company. Stephens cut their price target on TriCo Bancshares from $52.00 to $50.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Piper Sandler reduced their price target on shares of TriCo Bancshares from $53.00 to $50.00 and set an “overweight” rating for the company in a report on Monday, October 28th. Four 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, the stock presently has an average rating of “Hold” and a consensus price target of $48.20.

TriCo Bancshares Trading Up 1.3 %

TriCo Bancshares stock opened at $44.45 on Friday. The business’s 50-day simple moving average is $46.46 and its 200-day simple moving average is $43.38. TriCo Bancshares has a 52 week low of $31.73 and a 52 week high of $51.06. The firm has a market capitalization of $1.47 billion, a PE ratio of 13.23 and a beta of 0.56. 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 (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, beating analysts’ consensus estimates of $0.82 by $0.06. The business had revenue of $133.84 million for the quarter, compared to analyst estimates of $98.65 million. TriCo Bancshares had a net margin of 21.12% and a return on equity of 9.45%.

Hedge Funds Weigh In On TriCo Bancshares

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its stake in shares of TriCo Bancshares by 3.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,502,992 shares of the financial services provider’s stock valued at $59,471,000 after buying an additional 50,358 shares during the period. Geode Capital Management LLC grew its stake in TriCo Bancshares by 0.7% in the third quarter. Geode Capital Management LLC now owns 781,650 shares of the financial services provider’s stock valued at $33,344,000 after acquiring an additional 5,155 shares during the period. American Century Companies Inc. increased its stake in TriCo Bancshares by 27.3% during the 2nd quarter. American Century Companies Inc. now owns 403,712 shares of the financial services provider’s stock worth $15,975,000 after purchasing an additional 86,689 shares in the last quarter. Curi RMB Capital LLC raised its holdings in shares of TriCo Bancshares by 1.6% during the third quarter. Curi RMB Capital LLC now owns 346,833 shares of the financial services provider’s stock worth $14,792,000 after acquiring an additional 5,314 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in shares of TriCo Bancshares by 8.9% in the second quarter. Renaissance Technologies LLC now owns 235,867 shares of the financial services provider’s stock valued at $9,333,000 after purchasing an additional 19,224 shares in the last quarter. Institutional investors and hedge funds own 59.11% of the company’s stock.

Insider Buying and Selling

In other news, Director Cory W. Giese sold 5,100 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $49.47, for a total value of $252,297.00. Following the sale, the director now owns 6,128 shares of the company’s stock, valued at approximately $303,152.16. This represents a 45.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 4.64% of the company’s stock.

TriCo Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a $0.33 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $1.32 dividend on an annualized basis and a yield of 2.97%. TriCo Bancshares’s payout ratio is currently 39.29%.

About TriCo Bancshares

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.