FY2025 EPS Estimate for TriCo Bancshares Raised by Analyst

TriCo Bancshares (NASDAQ:TCBK) – Stock analysts at DA Davidson raised their FY2025 EPS estimates for shares of TriCo Bancshares in a report released on Friday, October 24th. DA Davidson analyst J. Rulis now anticipates that the financial services provider will earn $3.70 per share for the year, up from their prior forecast of $3.50. DA Davidson has a “Neutral” rating and a $45.00 price target on the stock. The consensus estimate for TriCo Bancshares’ current full-year earnings is $3.35 per share. DA Davidson also issued estimates for TriCo Bancshares’ Q4 2025 earnings at $1.03 EPS.

Other analysts have also recently issued research reports about the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of TriCo Bancshares in a research note on Wednesday, October 8th. Zacks Research cut shares of TriCo Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Piper Sandler raised their target price on shares of TriCo Bancshares from $52.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday, July 28th. Keefe, Bruyette & Woods raised their target price on shares of TriCo Bancshares from $46.00 to $50.00 and gave the stock a “market perform” rating in a research note on Monday. Finally, Raymond James Financial restated an “outperform” rating and issued a $46.00 target price (up previously from $45.00) on shares of TriCo Bancshares in a research note on Friday. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, TriCo Bancshares has a consensus rating of “Hold” and an average target price of $48.60.

TriCo Bancshares Stock Up 1.1%

Shares of NASDAQ:TCBK opened at $43.75 on Monday. The stock has a market cap of $1.42 billion, a P/E ratio of 12.29 and a beta of 0.63. The firm has a fifty day moving average price of $44.21 and a 200 day moving average price of $41.79. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.86 and a quick ratio of 0.86. TriCo Bancshares has a 1-year low of $35.20 and a 1-year high of $51.06.

TriCo Bancshares (NASDAQ:TCBK) last issued its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.12. The firm had revenue of $18.01 million during the quarter, compared to analysts’ expectations of $107.08 million. TriCo Bancshares had a net margin of 21.87% and a return on equity of 9.37%.

TriCo Bancshares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, September 5th were issued a $0.36 dividend. The ex-dividend date was Friday, September 5th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.3%. This is a boost from TriCo Bancshares’s previous quarterly dividend of $0.33. TriCo Bancshares’s payout ratio is 40.45%.

Hedge Funds Weigh In On TriCo Bancshares

A number of large investors have recently made changes to their positions in TCBK. Hotchkis & Wiley Capital Management LLC purchased a new position in shares of TriCo Bancshares in the 1st quarter valued at about $8,810,000. ProShare Advisors LLC increased its holdings in shares of TriCo Bancshares by 2,137.5% in the 2nd quarter. ProShare Advisors LLC now owns 154,969 shares of the financial services provider’s stock valued at $6,275,000 after purchasing an additional 148,043 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of TriCo Bancshares by 7.9% in the 2nd quarter. Franklin Resources Inc. now owns 1,725,857 shares of the financial services provider’s stock valued at $69,880,000 after purchasing an additional 126,571 shares in the last quarter. Allworth Financial LP increased its holdings in shares of TriCo Bancshares by 1,339.5% in the 2nd quarter. Allworth Financial LP now owns 119,393 shares of the financial services provider’s stock valued at $4,834,000 after purchasing an additional 111,099 shares in the last quarter. Finally, Nuveen LLC purchased a new position in shares of TriCo Bancshares in the 1st quarter valued at about $3,568,000. Hedge funds and other institutional investors own 59.11% of the company’s stock.

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.