TriCo Bancshares (NASDAQ:TCBK - Get 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:TCBK - Get Free Report) last posted its earnings results on Thursday, October 24th. The financial services provider reported $0.88 earnings per share for the quarter, beating analysts' consensus estimates of $0.82 by $0.06. TriCo Bancshares had a return on equity of 9.45% and a net margin of 21.12%. The company 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 Down 1.3 %
TriCo Bancshares stock traded down $0.57 during trading on Thursday, hitting $42.70. 82,498 shares of the company were exchanged, compared to its average volume of 98,030. The company has a market capitalization of $1.41 billion, a P/E ratio of 12.71 and a beta of 0.58. The business's 50 day moving average is $46.02 and its 200 day moving average is $44.17. TriCo Bancshares has a 52 week low of $31.73 and a 52 week high of $51.06. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.30.
TriCo Bancshares Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a $0.33 dividend. The ex-dividend date was Friday, December 6th. This represents a $1.32 annualized dividend and a dividend yield of 3.09%. TriCo Bancshares's payout ratio is 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 shares were 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 approximately $303,152.16. This trade represents a 45.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 4.64% of the stock is owned by insiders.
Analyst Ratings Changes
Several research analysts recently weighed in on the stock. Piper Sandler cut their price target on shares of TriCo Bancshares from $53.00 to $50.00 and set an "overweight" rating on the stock in a report on Monday, October 28th. DA Davidson downgraded TriCo Bancshares from a "buy" rating to a "neutral" rating and boosted their target price for the stock from $50.00 to $53.00 in a research note on Tuesday, November 12th. Finally, Stephens decreased their price target on TriCo Bancshares from $52.00 to $50.00 and set an "overweight" rating for the company in a research report on Tuesday, October 29th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $48.20.
Get Our Latest Research Report on TCBK
TriCo Bancshares Company Profile
(
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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.
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