TriCo Bancshares (TCBK) to Release Earnings on Wednesday

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

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

Shares of TCBK stock opened at $34.17 on Tuesday. TriCo Bancshares has a 1-year low of $28.66 and a 1-year 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. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 9.71 and a beta of 0.53. The stock’s fifty day simple moving average is $34.33 and its 200-day simple moving average is $36.10.

TriCo Bancshares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were issued a dividend of $0.33 per share. This is an increase from TriCo Bancshares’s previous quarterly dividend of $0.30. The ex-dividend date was Thursday, March 7th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.86%. TriCo Bancshares’s payout ratio is currently 37.50%.

Analysts Set New Price Targets

A number of brokerages have commented on TCBK. Keefe, Bruyette & Woods lowered their target price on TriCo Bancshares from $44.00 to $42.00 and set a “market perform” rating on the stock in a research note on Friday, January 26th. Raymond James boosted their target price on TriCo Bancshares from $36.00 to $40.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. DA Davidson lowered their target price on TriCo Bancshares from $49.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, January 26th. Finally, StockNews.com downgraded TriCo Bancshares from a “hold” rating to a “sell” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus 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.