TriCo Bancshares (NASDAQ:TCBK) has received a consensus rating of “Hold” from the six ratings firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $40.00.

TCBK has been the subject of a number of research reports. Zacks Investment Research upgraded TriCo Bancshares from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research note on Thursday, November 2nd. BidaskClub lowered TriCo Bancshares from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 19th. FIG Partners lowered TriCo Bancshares from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $43.00 target price on shares of TriCo Bancshares in a research note on Thursday.

Shares of TriCo Bancshares (NASDAQ:TCBK) traded up $0.94 during midday trading on Thursday, hitting $39.73. The company’s stock had a trading volume of 331,044 shares, compared to its average volume of 80,891. The company has a market capitalization of $911.45, a PE ratio of 18.48, a PEG ratio of 1.82 and a beta of 0.90. TriCo Bancshares has a 12 month low of $32.66 and a 12 month high of $43.79. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.79 and a current ratio of 0.79.

TriCo Bancshares (NASDAQ:TCBK) last issued its quarterly earnings data on Tuesday, October 31st. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.03). The company had revenue of $57.01 million for the quarter, compared to the consensus estimate of $56.99 million. TriCo Bancshares had a net margin of 21.87% and a return on equity of 10.17%. equities analysts forecast that TriCo Bancshares will post 2.18 EPS for the current year.

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 paid a $0.17 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.71%. TriCo Bancshares’s dividend payout ratio (DPR) is presently 31.63%.

Large investors have recently made changes to their positions in the company. Eagle Asset Management Inc. acquired a new stake in shares of TriCo Bancshares in the second quarter valued at $6,843,000. Context BH Capital Management LP increased its position in TriCo Bancshares by 10.1% in the second quarter. Context BH Capital Management LP now owns 54,484 shares of the financial services provider’s stock worth $1,915,000 after purchasing an additional 5,004 shares during the period. First Trust Advisors LP increased its position in TriCo Bancshares by 22.9% in the second quarter. First Trust Advisors LP now owns 72,166 shares of the financial services provider’s stock worth $2,537,000 after purchasing an additional 13,432 shares during the period. American Century Companies Inc. acquired a new stake in TriCo Bancshares in the third quarter worth about $440,000. Finally, Schwab Charles Investment Management Inc. increased its position in TriCo Bancshares by 5.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 79,424 shares of the financial services provider’s stock worth $2,822,000 after purchasing an additional 3,933 shares during the period. Institutional investors own 69.93% of the company’s stock.

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About TriCo Bancshares

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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