TriCo Bancshares (NASDAQ:TCBK) to Post FY2025 Earnings of $3.45 Per Share, DA Davidson Forecasts

TriCo Bancshares (NASDAQ:TCBK - Free Report) - DA Davidson raised their FY2025 earnings estimates for shares of TriCo Bancshares in a research report issued to clients and investors on Thursday, October 3rd. DA Davidson analyst J. Rulis now forecasts that the financial services provider will earn $3.45 per share for the year, up from their prior estimate of $3.40. DA Davidson has a "Buy" rating and a $55.00 price objective on the stock. The consensus estimate for TriCo Bancshares' current full-year earnings is $3.31 per share.

TriCo Bancshares (NASDAQ:TCBK - Get Free Report) last posted its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.80 by $0.07. The firm had revenue of $97.86 million for the quarter, compared to analysts' expectations of $98.55 million. TriCo Bancshares had a return on equity of 9.93% and a net margin of 21.63%.

TCBK has been the subject of a number of other research reports. Stephens raised their price objective on TriCo Bancshares from $43.00 to $53.00 and gave the company an "overweight" rating in a research note on Monday, July 29th. Piper Sandler boosted their target price on shares of TriCo Bancshares from $47.00 to $53.00 and gave the stock an "overweight" rating in a research report on Monday, July 29th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $48.00 price target (up previously from $42.00) on shares of TriCo Bancshares in a research report on Monday, July 29th. Finally, Janney Montgomery Scott reissued a "neutral" rating on shares of TriCo Bancshares in a report on Friday, July 26th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $49.80.

TriCo Bancshares Stock Down 0.1 %

Shares of TCBK stock traded down $0.05 on Monday, reaching $41.27. 144,945 shares of the company were exchanged, compared to its average volume of 118,699. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.85 and a quick ratio of 0.85. The company has a 50-day moving average of $43.14 and a 200-day moving average of $39.51. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 12.56 and a beta of 0.54. TriCo Bancshares has a one year low of $29.38 and a one year high of $48.80.

TriCo Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were given a dividend of $0.33 per share. The ex-dividend date was Friday, September 6th. This represents a $1.32 annualized dividend and a yield of 3.20%. TriCo Bancshares's payout ratio is currently 40.24%.

Insider Buying and Selling

In related news, Director Cory W. Giese sold 3,465 shares of the company's stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $43.11, for a total value of $149,376.15. Following the transaction, the director now owns 11,228 shares in the company, valued at approximately $484,039.08. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Michael W. Koehnen sold 1,400 shares of TriCo Bancshares stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $45.20, for a total value of $63,280.00. Following the completion of the transaction, the director now directly owns 3,000 shares in the company, valued at approximately $135,600. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Cory W. Giese sold 3,465 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $43.11, for a total value of $149,376.15. Following the sale, the director now directly owns 11,228 shares in the company, valued at $484,039.08. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 4.64% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On TriCo Bancshares

Hedge funds and other institutional investors have recently modified their holdings of the stock. Mutual of America Capital Management LLC boosted its position in shares of TriCo Bancshares by 17.5% in the first quarter. Mutual of America Capital Management LLC now owns 138,616 shares of the financial services provider's stock valued at $5,098,000 after acquiring an additional 20,629 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of TriCo Bancshares by 200.3% in the first quarter. BNP Paribas Financial Markets now owns 24,384 shares of the financial services provider's stock worth $897,000 after purchasing an additional 16,263 shares during the period. Russell Investments Group Ltd. raised its position in shares of TriCo Bancshares by 58.5% in the first quarter. Russell Investments Group Ltd. now owns 98,469 shares of the financial services provider's stock worth $3,622,000 after buying an additional 36,362 shares in the last quarter. Empowered Funds LLC boosted its stake in TriCo Bancshares by 135.1% during the first quarter. Empowered Funds LLC now owns 46,554 shares of the financial services provider's stock valued at $1,712,000 after buying an additional 26,751 shares during the period. Finally, Quadrature Capital Ltd purchased a new position in TriCo Bancshares during the first quarter worth about $489,000. 59.11% of the stock is currently owned by 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.