TriCo Bancshares (NASDAQ:TCBK – Get Free Report) issued its earnings results on Thursday. The financial services provider reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.06, Zacks reports. TriCo Bancshares had a return on equity of 9.93% and a net margin of 21.63%. The business had revenue of $133.84 million during the quarter, compared to the consensus estimate of $98.65 million.
TriCo Bancshares Stock Down 2.4 %
Shares of TriCo Bancshares stock traded down $1.05 on Friday, hitting $42.92. The company had a trading volume of 10,802 shares, compared to its average volume of 116,470. TriCo Bancshares has a 1 year low of $30.21 and a 1 year high of $48.80. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a 50 day moving average of $43.32 and a 200-day moving average of $40.26. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 13.41 and a beta of 0.54.
TriCo Bancshares Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 6th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $1.32 dividend on an annualized basis and a yield of 3.08%. TriCo Bancshares’s dividend payout ratio (DPR) is currently 40.24%.
Insider Activity at TriCo Bancshares
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on TCBK shares. Janney Montgomery Scott reiterated a “neutral” rating on shares of TriCo Bancshares in a research note on Friday, July 26th. DA Davidson lifted their price target on shares of TriCo Bancshares from $41.00 to $55.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $48.00 target price (up from $42.00) on shares of TriCo Bancshares in a research note on Monday, July 29th. Stephens boosted their target price on TriCo Bancshares from $43.00 to $53.00 and gave the company an “overweight” rating in a research report on Monday, July 29th. Finally, Piper Sandler upped their price target on TriCo Bancshares from $47.00 to $53.00 and gave the stock an “overweight” rating in a research note on Monday, July 29th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $49.80.
View Our Latest Report on TCBK
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.
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