TriCo Bancshares Expected to Earn FY2017 Earnings of $2.18 Per Share (TCBK)
TriCo Bancshares (NASDAQ:TCBK) – Stock analysts at FIG Partners reduced their FY2017 earnings per share (EPS) estimates for shares of TriCo Bancshares in a research report issued on Wednesday. FIG Partners analyst T. Coffey now forecasts that the financial services provider will post earnings of $2.18 per share for the year, down from their previous forecast of $2.21. FIG Partners currently has a “Market Perform” rating on the stock. FIG Partners also issued estimates for TriCo Bancshares’ Q1 2018 earnings at $0.56 EPS, Q3 2018 earnings at $0.53 EPS, Q4 2018 earnings at $0.55 EPS and FY2019 earnings at $2.61 EPS.
TriCo Bancshares (NASDAQ:TCBK) last released its quarterly earnings data on Tuesday, October 31st. The financial services provider reported $0.51 EPS for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.03). TriCo Bancshares had a return on equity of 10.17% and a net margin of 21.87%. The company had revenue of $57.01 million for the quarter, compared to the consensus estimate of $56.99 million.
TriCo Bancshares (NASDAQ:TCBK) opened at $39.34 on Thursday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.31. TriCo Bancshares has a 52-week low of $32.66 and a 52-week high of $43.79. The company has a market cap of $948.40, a price-to-earnings ratio of 19.23, a price-to-earnings-growth ratio of 1.89 and a beta of 0.90.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a $0.17 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.73%. TriCo Bancshares’s payout ratio is presently 31.63%.
Several institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in shares of TriCo Bancshares by 3.5% in the third quarter. Dimensional Fund Advisors LP now owns 1,114,530 shares of the financial services provider’s stock valued at $45,417,000 after acquiring an additional 37,461 shares during the period. The Manufacturers Life Insurance Company lifted its position in TriCo Bancshares by 1.8% during the second quarter. The Manufacturers Life Insurance Company now owns 962,397 shares of the financial services provider’s stock worth $33,828,000 after purchasing an additional 17,023 shares during the period. Vanguard Group Inc. lifted its position in TriCo Bancshares by 4.2% during the second quarter. Vanguard Group Inc. now owns 873,001 shares of the financial services provider’s stock worth $30,686,000 after purchasing an additional 35,343 shares during the period. Goldman Sachs Group Inc. lifted its position in TriCo Bancshares by 4.6% during the second quarter. Goldman Sachs Group Inc. now owns 780,134 shares of the financial services provider’s stock worth $27,422,000 after purchasing an additional 34,467 shares during the period. Finally, FMR LLC lifted its position in TriCo Bancshares by 45.1% during the second quarter. FMR LLC now owns 697,792 shares of the financial services provider’s stock worth $24,527,000 after purchasing an additional 216,734 shares during the period. 69.93% of the stock is owned by institutional investors.
TriCo Bancshares Company Profile
TriCo Bancshares is a bank holding company. The Company’s principal subsidiary is Tri Counties Bank, a California-chartered commercial bank (the Bank). The Bank offers banking services to retail customers and small to medium-sized businesses through 68 branch offices in Northern and Central California.
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