TriCo Bancshares (TCBK) Set to Announce Quarterly Earnings on Wednesday

TriCo Bancshares (NASDAQ:TCBK) will announce its earnings results on Wednesday, April 24th.

TriCo Bancshares (NASDAQ:TCBK) last released its earnings results on Thursday, January 25th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.07). The company had revenue of $131.95 million during the quarter, compared to analysts’ expectations of $101.30 million. TriCo Bancshares had a net margin of 23.49% and a return on equity of 10.64%. 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 1.8 %

NASDAQ:TCBK opened at $34.17 on Tuesday. The firm has a market cap of $1.14 billion, a PE ratio of 9.71 and a beta of 0.53. The stock has a fifty day moving average price of $34.33 and a 200 day moving average price of $36.10. TriCo Bancshares has a 12-month low of $28.66 and a 12-month high of $45.84. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.63.

TriCo Bancshares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were issued a $0.33 dividend. The ex-dividend date was Thursday, March 7th. This is a positive change from TriCo Bancshares’s previous quarterly dividend of $0.30. This represents a $1.32 dividend on an annualized basis and a yield of 3.86%. TriCo Bancshares’s dividend payout ratio (DPR) is 37.50%.

Analyst Ratings Changes

A number of research analysts recently issued reports on TCBK shares. DA Davidson decreased their target price on TriCo Bancshares from $49.00 to $45.00 and set a “buy” rating for the company in a report on Friday, January 26th. Raymond James lifted their price target on TriCo Bancshares from $36.00 to $40.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. StockNews.com downgraded TriCo Bancshares from a “hold” rating to a “sell” rating in a report on Monday. Finally, Keefe, Bruyette & Woods decreased their price target on TriCo Bancshares from $44.00 to $42.00 and set a “market perform” rating for the company in a report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $42.00.

About TriCo Bancshares

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.