TriCo Bancshares (TCBK) Projected to Post Quarterly Earnings on Thursday

TriCo Bancshares (NASDAQ:TCBK) will likely 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 posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.88 EPS for the quarter, beating 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 business had revenue of $133.84 million during 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 Trading Up 0.9 %

NASDAQ:TCBK opened at $43.35 on Wednesday. TriCo Bancshares has a one year low of $31.73 and a one year high of $51.06. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market cap of $1.43 billion, a P/E ratio of 12.90 and a beta of 0.58. The firm has a 50-day simple moving average of $45.71 and a 200-day simple moving average of $44.35.

TriCo Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders 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 annualized dividend and a dividend yield of 3.04%. TriCo Bancshares’s dividend payout ratio is currently 39.29%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on TCBK shares. Stephens reduced their price target 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. DA Davidson downgraded shares of TriCo Bancshares from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $50.00 to $53.00 in a research report on Tuesday, November 12th. Finally, Piper Sandler cut their price objective on shares of TriCo Bancshares from $53.00 to $50.00 and set an “overweight” rating on the stock in a research report on Monday, October 28th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, TriCo Bancshares currently has an average rating of “Hold” and an average price target of $48.20.

Insider Transactions at TriCo Bancshares

In other TriCo Bancshares news, Director Cory W. Giese sold 5,100 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $303,152.16. The trade was a 45.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 4.64% of the company’s stock.

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.