What is DA Davidson's Estimate for TCBK FY2025 Earnings?

TriCo Bancshares (NASDAQ:TCBK - Free Report) - Equities research analysts at DA Davidson dropped their FY2025 EPS estimates for TriCo Bancshares in a research report issued on Thursday, December 19th. DA Davidson analyst J. Rulis now expects 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 currently has a "Neutral" rating and a $53.00 price target on the stock. The consensus estimate for TriCo Bancshares' current full-year earnings is $3.38 per share.

TriCo Bancshares (NASDAQ:TCBK - Get Free Report) last announced its quarterly earnings results 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 return on equity of 9.45% and a net margin of 21.12%. The business had revenue of $133.84 million for the quarter, compared to analyst estimates of $98.65 million.

TCBK has been the topic of a number of other reports. Piper Sandler lowered their price objective on shares of TriCo Bancshares from $53.00 to $50.00 and set an "overweight" rating on the stock in a research note on Monday, October 28th. Stephens lowered their price target on shares of TriCo Bancshares from $52.00 to $50.00 and set an "overweight" rating on the stock in a research 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 company's stock. According to data from MarketBeat.com, TriCo Bancshares currently has a consensus rating of "Hold" and an average target price of $48.20.

TriCo Bancshares Price Performance

TriCo Bancshares stock traded up $0.57 during trading hours on Friday, hitting $44.45. The stock had a trading volume of 296,063 shares, compared to its average volume of 117,984. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of 13.23 and a beta of 0.56. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.86 and a quick ratio of 0.86. TriCo Bancshares has a 1-year low of $31.73 and a 1-year high of $51.06. The stock's fifty day moving average is $46.44 and its two-hundred day moving average is $43.33.

TriCo Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.32 annualized dividend and a dividend yield of 2.97%. TriCo Bancshares's dividend payout ratio is currently 39.29%.

Insider Transactions at TriCo Bancshares

In other news, Director Cory W. Giese sold 5,100 shares of the firm's stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $49.47, for a total transaction of $252,297.00. Following the sale, the director now owns 6,128 shares in the company, valued at $303,152.16. This trade represents a 45.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 4.64% of the company's stock.

Hedge Funds Weigh In On TriCo Bancshares

Large investors have recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. purchased a new position in TriCo Bancshares during the third quarter worth approximately $28,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in TriCo Bancshares by 10.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,973 shares of the financial services provider's stock valued at $315,000 after acquiring an additional 758 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in TriCo Bancshares by 7.5% in the second quarter. Principal Financial Group Inc. now owns 13,978 shares of the financial services provider's stock valued at $553,000 after acquiring an additional 973 shares during the last quarter. Chico Wealth RIA grew its position in TriCo Bancshares by 2.3% during the third quarter. Chico Wealth RIA now owns 43,954 shares of the financial services provider's stock valued at $1,875,000 after acquiring an additional 1,000 shares during the period. Finally, Stifel Financial Corp increased its stake in TriCo Bancshares by 2.2% during the third quarter. Stifel Financial Corp now owns 48,031 shares of the financial services provider's stock worth $2,049,000 after acquiring an additional 1,013 shares during the last quarter. 59.11% of the stock is currently owned by hedge funds and other institutional investors.

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.