TriCo Bancshares (TCBK) to Release Quarterly Earnings on Thursday

TriCo Bancshares (NASDAQ:TCBK) is expected to be posting its quarterly earnings results before the market opens on Thursday, January 23rd. Analysts expect TriCo Bancshares to post earnings of $0.79 per share and revenue of $99,020.00 billion for the quarter.

TriCo Bancshares (NASDAQ:TCBK) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.06. TriCo Bancshares had a net margin of 21.12% and a return on equity of 9.45%. The firm had revenue of $133.84 million during the quarter, compared to the consensus estimate 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 Price Performance

Shares of TriCo Bancshares stock opened at $42.95 on Tuesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.86 and a quick ratio of 0.86. The business has a 50 day simple moving average of $45.81 and a two-hundred day simple moving average of $44.31. The stock has a market capitalization of $1.42 billion, a P/E ratio of 12.78 and a beta of 0.58. TriCo Bancshares has a 12 month low of $31.73 and a 12 month high of $51.06.

TriCo Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend was Friday, December 6th. TriCo Bancshares’s dividend payout ratio is currently 39.29%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TCBK. Stephens cut their target price on TriCo Bancshares from $52.00 to $50.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Piper Sandler lowered their price target on TriCo Bancshares from $53.00 to $50.00 and set an “overweight” rating for the company in a report on Monday, October 28th. Finally, DA Davidson cut TriCo Bancshares from a “buy” rating to a “neutral” rating and raised their target price for the company from $50.00 to $53.00 in a report on Tuesday, November 12th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, TriCo Bancshares currently has an average rating of “Hold” and a consensus target price of $48.20.

Insider Buying and Selling at TriCo Bancshares

In related news, Director Cory W. Giese sold 5,100 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $49.47, for a total transaction of $252,297.00. Following the completion of the transaction, the director now directly owns 6,128 shares of the company’s stock, valued at $303,152.16. This represents a 45.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 4.64% of the stock is owned by company insiders.

TriCo Bancshares Company Profile

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.