TriCo Bancshares (TCBK) To Go Ex-Dividend on June 5th

TriCo Bancshares (NASDAQ:TCBK) declared a quarterly dividend on Thursday, May 21st, NASDAQ Dividends reports. Investors of record on Friday, June 5th will be paid a dividend of 0.36 per share by the financial services provider on Friday, June 26th. This represents a c) annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Friday, June 5th.

TriCo Bancshares has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 12 years. TriCo Bancshares has a dividend payout ratio of 40.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect TriCo Bancshares to earn $4.35 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 33.1%.

TriCo Bancshares Stock Performance

Shares of TCBK opened at $50.67 on Wednesday. TriCo Bancshares has a 12 month low of $36.32 and a 12 month high of $53.18. The firm has a fifty day simple moving average of $49.52 and a 200 day simple moving average of $48.97. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 12.83 and a beta of 0.60. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.04.

TriCo Bancshares (NASDAQ:TCBK) last announced its earnings results on Monday, March 2nd. The financial services provider reported $1.03 EPS for the quarter. TriCo Bancshares had a net margin of 23.71% and a return on equity of 9.87%. The business had revenue of $111.21 million during the quarter. Research analysts forecast that TriCo Bancshares will post 4.22 EPS for the current fiscal year.

About TriCo Bancshares

TriCo Bancshares, Inc is the bank holding company for Tri Counties Bank, a community-oriented financial institution headquartered in Chico, California. Through its wholly owned subsidiary, the company provides a comprehensive range of banking and financial services to individuals, small businesses, and commercial clients. Offering a full suite of deposit accounts, lending solutions and digital banking tools, TriCo Bancshares combines personalized service with modern technology to meet the evolving needs of its customers.

The company’s core products and services include commercial and consumer lending, deposit and cash management solutions, mortgage banking, and agricultural financing.