Brokerages predict that TriCo Bancshares (NASDAQ:TCBK) will announce earnings per share (EPS) of $0.74 for the current quarter, Zacks reports. Four analysts have made estimates for TriCo Bancshares’ earnings, with estimates ranging from $0.72 to $0.75. TriCo Bancshares reported earnings per share of $0.53 in the same quarter last year, which suggests a positive year-over-year growth rate of 39.6%. The firm is expected to announce its next earnings report on Monday, November 4th.

According to Zacks, analysts expect that TriCo Bancshares will report full year earnings of $2.99 per share for the current fiscal year, with EPS estimates ranging from $2.95 to $3.05. For the next year, analysts anticipate that the business will post earnings of $3.11 per share, with EPS estimates ranging from $3.05 to $3.22. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that cover TriCo Bancshares.

TriCo Bancshares (NASDAQ:TCBK) last issued its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.02. The business had revenue of $77.89 million during the quarter, compared to analysts’ expectations of $77.76 million. TriCo Bancshares had a return on equity of 10.29% and a net margin of 26.74%.

A number of brokerages have commented on TCBK. ValuEngine cut TriCo Bancshares from a “hold” rating to a “sell” rating in a research report on Monday, July 22nd. Zacks Investment Research upgraded TriCo Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, July 12th. BidaskClub upgraded TriCo Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, July 26th. Stephens restated a “neutral” rating on shares of TriCo Bancshares in a research report on Monday, July 29th. Finally, Piper Jaffray Companies began coverage on TriCo Bancshares in a research note on Friday, July 12th. They issued a “neutral” rating and a $41.00 price objective for the company. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $41.67.

In other TriCo Bancshares news, Director Michael W. Koehnen acquired 15,000 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was purchased at an average price of $35.83 per share, with a total value of $537,450.00. Following the completion of the purchase, the director now directly owns 95,732 shares in the company, valued at approximately $3,430,077.56. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Craig B. Carney sold 5,166 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $37.02, for a total value of $191,245.32. Following the completion of the transaction, the executive vice president now directly owns 26,018 shares of the company’s stock, valued at approximately $963,186.36. The disclosure for this sale can be found here. Corporate insiders own 10.30% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in TriCo Bancshares by 8.1% during the 4th quarter. Geode Capital Management LLC now owns 313,247 shares of the financial services provider’s stock worth $10,584,000 after acquiring an additional 23,413 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in TriCo Bancshares by 356.7% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 8,394 shares of the financial services provider’s stock worth $284,000 after acquiring an additional 6,556 shares during the last quarter. Legal & General Group Plc boosted its stake in TriCo Bancshares by 22.7% during the 4th quarter. Legal & General Group Plc now owns 5,011 shares of the financial services provider’s stock worth $169,000 after acquiring an additional 927 shares during the last quarter. Millennium Management LLC bought a new position in TriCo Bancshares during the 4th quarter worth approximately $1,522,000. Finally, FMR LLC boosted its stake in TriCo Bancshares by 8.4% during the 4th quarter. FMR LLC now owns 2,240,330 shares of the financial services provider’s stock worth $75,701,000 after acquiring an additional 173,502 shares during the last quarter. 60.67% of the stock is owned by hedge funds and other institutional investors.

TCBK traded down $0.37 during midday trading on Wednesday, reaching $36.14. The company had a trading volume of 36,757 shares, compared to its average volume of 69,510. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.12. The company’s 50-day moving average price is $37.50. The firm has a market capitalization of $1.11 billion, a P/E ratio of 13.43, a P/E/G ratio of 1.75 and a beta of 0.84. TriCo Bancshares has a 1 year low of $31.05 and a 1 year high of $41.31.

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. It accepts demand, savings, and money market accounts, as well as time deposits. It also provides small business loans; real estate mortgage loans, such as residential and commercial loans; consumer loans; commercial loans, including agricultural loans; and real estate construction loans.

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Earnings History and Estimates for TriCo Bancshares (NASDAQ:TCBK)

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