Q1 Earnings Estimate for TCBK Issued By DA Davidson

TriCo Bancshares (NASDAQ:TCBK) – Research analysts at DA Davidson issued their Q1 2025 earnings per share estimates for TriCo Bancshares in a note issued to investors on Friday, January 24th. DA Davidson analyst J. Rulis expects that the financial services provider will earn $0.82 per share for the quarter. DA Davidson has a “Neutral” rating and a $53.00 price objective on the stock. The consensus estimate for TriCo Bancshares’ current full-year earnings is $3.38 per share.

A number of other analysts also recently commented on TCBK. Piper Sandler decreased their target price on TriCo Bancshares from $53.00 to $50.00 and set an “overweight” rating on the stock in a research report on Monday, October 28th. Stephens dropped their target price on shares of TriCo Bancshares from $52.00 to $50.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $50.25.

TriCo Bancshares Price Performance

TCBK stock opened at $44.39 on Monday. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 13.21 and a beta of 0.58. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.30. The firm has a 50 day moving average of $45.40 and a 200-day moving average of $44.46. TriCo Bancshares has a 12-month low of $31.73 and a 12-month high of $51.06.

TriCo Bancshares (NASDAQ:TCBK) last announced its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.88 EPS for the quarter, beating the consensus estimate of $0.79 by $0.09. TriCo Bancshares had a net margin of 21.12% and a return on equity of 9.45%.

Hedge Funds Weigh In On TriCo Bancshares

Several hedge funds and other institutional investors have recently modified their holdings of TCBK. SG Americas Securities LLC raised its holdings in shares of TriCo Bancshares by 27.1% during the 4th quarter. SG Americas Securities LLC now owns 11,783 shares of the financial services provider’s stock valued at $515,000 after buying an additional 2,512 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of TriCo Bancshares by 23.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 160,987 shares of the financial services provider’s stock valued at $7,035,000 after purchasing an additional 30,227 shares during the period. JPMorgan Chase & Co. increased its stake in TriCo Bancshares by 6.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 446,455 shares of the financial services provider’s stock worth $19,041,000 after buying an additional 25,817 shares during the period. Geode Capital Management LLC lifted its holdings in TriCo Bancshares by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 781,650 shares of the financial services provider’s stock worth $33,344,000 after buying an additional 5,155 shares in the last quarter. Finally, Barclays PLC boosted its position in TriCo Bancshares by 127.0% in the 3rd quarter. Barclays PLC now owns 57,879 shares of the financial services provider’s stock valued at $2,468,000 after buying an additional 32,379 shares during the last quarter. 59.11% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Cory W. Giese sold 5,100 shares of TriCo Bancshares stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $49.47, for a total value of $252,297.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.64% of the stock is currently owned by insiders.

TriCo Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a $0.33 dividend. The ex-dividend date was Friday, December 6th. This represents a $1.32 dividend on an annualized basis and a yield of 2.97%. TriCo Bancshares’s payout ratio is 39.29%.

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.