TriCo Bancshares (TCBK) Scheduled to Post Quarterly Earnings on Wednesday

TriCo Bancshares (NASDAQ:TCBK) will be issuing its quarterly earnings data on Wednesday, April 24th.

TriCo Bancshares (NASDAQ:TCBK) last posted its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.78 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.07). TriCo Bancshares had a return on equity of 10.64% and a net margin of 23.49%. The firm had revenue of $131.95 million for the quarter, compared to analyst estimates of $101.30 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 Price Performance

Shares of TCBK opened at $34.17 on Tuesday. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 9.71 and a beta of 0.53. The firm’s fifty day simple moving average is $34.33 and its 200-day simple moving average is $36.10. TriCo Bancshares has a twelve month low of $28.66 and a twelve 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 firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.86%. This is an increase from TriCo Bancshares’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Thursday, March 7th. TriCo Bancshares’s payout ratio is 37.50%.

Analysts Set New Price Targets

Several research firms have commented on TCBK. StockNews.com lowered TriCo Bancshares from a “hold” rating to a “sell” rating in a research report on Monday. Keefe, Bruyette & Woods reduced their price target on shares of TriCo Bancshares from $44.00 to $42.00 and set a “market perform” rating for the company in a research report on Friday, January 26th. DA Davidson decreased their price target on shares of TriCo Bancshares from $49.00 to $45.00 and set a “buy” rating for the company in a research note on Friday, January 26th. Finally, Raymond James increased their target price on shares of TriCo Bancshares from $36.00 to $40.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $42.00.

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.