TriCo Bancshares (TCBK) Stock Price, News & Analysis

Company Overview

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. In addition, the company offers treasury management services; credit and debit cards; and other customary banking services, including safe deposit boxes; and independent financial and broker-dealer services. Further, it provides checking, saving, and money market accounts, as well as individual retirement accounts; equipment financing; certificate of deposit account registry service; certificated of deposit; and IntraFi cash service. TriCo Bancshares was founded in 1975 and is headquartered in Chico, California.

Key Stats

• Today's Range: $46.23 to $47.32
• 50-Day Range: $40.66 to $49.44
• 52-Week Range: $31.73 to $50.63
• Volume: 107,811 shs
• Average Volume: 105,293 shs
• Market Capitalization: $1.54 billion
• P/E Ratio: 13.85
• Dividend Yield: 2.84%
• Price Target: $48.20
• Consensus Rating: Moderate Buy

TriCo Bancshares Stock Analysis - MarketRank™

TriCo Bancshares scored higher than 34% of companies evaluated by MarketBeat, and ranked 775th out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

TriCo Bancshares has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

TriCo Bancshares has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: -1.78%

Earnings Growth

Earnings for TriCo Bancshares are expected to decrease by -1.78% in the coming year, from $3.38 to $3.32 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of TriCo Bancshares is 13.85, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.65.

Price to Earnings Ratio vs. Sector

The P/E ratio of TriCo Bancshares is 13.85, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 47.12.

Price to Book Value per Share Ratio

TriCo Bancshares has a P/B Ratio of 1.24. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

1.25% of the outstanding shares of TriCo Bancshares have been sold short.

Short Interest Ratio / Days to Cover

TriCo Bancshares has a short interest ratio ("days to cover") of 4.1.

Change versus previous month

Short interest in TriCo Bancshares has recently increased by 7.19%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Yield

TriCo Bancshares pays a meaningful dividend of 2.81%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

TriCo Bancshares has been increasing its dividend for 12 years.

Dividend Coverage

The dividend payout ratio of TriCo Bancshares is 39.29%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, TriCo Bancshares will have a dividend payout ratio of 39.76% next year. This indicates that TriCo Bancshares will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.25% of the outstanding shares of TriCo Bancshares have been sold short.

Short Interest Ratio / Days to Cover

TriCo Bancshares has a short interest ratio ("days to cover") of 4.1.

Change versus previous month

Short interest in TriCo Bancshares has recently increased by 7.19%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.4 / 5
• News Sentiment: N/A

News Sentiment

TriCo Bancshares has a news sentiment score of 0.46. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.76 average news sentiment score of Finance companies.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, TriCo Bancshares insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $63,280.00 in company stock.

Percentage Held by Insiders

Only 4.64% of the stock of TriCo Bancshares is held by insiders.

Percentage Held by Institutions

59.11% of the stock of TriCo Bancshares is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

TCBK Stock Analysis - Frequently Asked Questions

How have TCBK shares performed this year?

TriCo Bancshares' stock was trading at $42.97 at the beginning of 2024. Since then, TCBK shares have increased by 8.3% and is now trading at $46.52.
View the best growth stocks for 2024 here.

How were TriCo Bancshares' earnings last quarter?

TriCo Bancshares (NASDAQ:TCBK) issued 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. The financial services provider earned $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 trailing twelve-month return on equity of 9.45%.

Who are TriCo Bancshares' major shareholders?

TriCo Bancshares' top institutional investors include FMR LLC (7.41%), State Street Corp (2.70%), Geode Capital Management LLC (2.37%) and The Manufacturers Life Insurance Company (1.41%). Insiders that own company stock include Anthony L Leggio, Craig B Carney, Cory W Giese and Michael W Koehnen.
View institutional ownership trends.

How do I buy shares of TriCo Bancshares?

Shares of TCBK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of TriCo Bancshares own?

Based on aggregate information from My MarketBeat watchlists, some other companies that TriCo Bancshares investors own include Tesla (TSLA), JPMorgan Chase & Co. (JPM), Meta Platforms (META), NVIDIA (NVDA), Advanced Micro Devices (AMD), Alphabet (GOOG) and Netflix (NFLX).

Company Calendar

• Ex-Dividend for 9/20 Dividend: 9/06/2024
• Dividend Payable: 9/20/2024
• Last Earnings: 10/24/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 1/23/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: State commercial banks
• Sub-Industry: Regional Banks
• Current Symbol: NASDAQ:TCBK
• CUSIP: 89609510
• CIK: 356171
• Web: www.tcbk.com
• Phone: (530) 898-0300
• Fax: 530-898-0310
• Employees: 1,231
• Year Founded: 1974

Price Target and Rating

• Average Stock Price Target: $48.20
• High Stock Price Target: $53.00
• Low Stock Price Target: $40.00
• Potential Upside/Downside: +3.6%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.36
• Trailing P/E Ratio: 13.85
• Forward P/E Ratio: 13.76
• P/E Growth: N/A
• Net Income: $117.39 million
• Net Margins: 21.12%
• Pretax Margin: 28.80%
• Return on Equity: 9.45%
• Return on Assets: 1.14%

Debt

• Debt-to-Equity Ratio: 0.30
• Current Ratio: 0.86
• Quick Ratio: 0.86

Sales & Book Value

• Annual Sales: $499.75 million
• Price / Sales: 3.07
• Cash Flow: $3.83 per share
• Price / Cash Flow: 12.16
• Book Value: $34.86 per share
• Price / Book: 1.33

Miscellaneous

• Outstanding Shares: 33,010,000
• Free Float: 31,474,000
• Market Cap: $1.54 billion
• Optionable: Optionable
• Beta: 0.54