Shares of TriCo Bancshares (NASDAQ:TCBK) have been assigned an average rating of “Hold” from the six ratings firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $41.00.
A number of equities analysts have commented on the company. BidaskClub cut TriCo Bancshares from a “sell” rating to a “strong sell” rating in a report on Wednesday. ValuEngine cut TriCo Bancshares from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $45.00 target price on shares of TriCo Bancshares in a report on Friday, December 22nd. FIG Partners cut TriCo Bancshares from an “outperform” rating to a “market perform” rating in a report on Wednesday, December 13th. Finally, Zacks Investment Research cut TriCo Bancshares from a “buy” rating to a “hold” rating in a report on Friday, November 3rd.
TriCo Bancshares (NASDAQ:TCBK) traded up $0.62 during midday trading on Monday, reaching $39.45. The company had a trading volume of 47,076 shares, compared to its average volume of 91,460. The firm has a market cap of $890.59, a PE ratio of 18.26, a price-to-earnings-growth ratio of 1.71 and a beta of 0.91. TriCo Bancshares has a 12 month low of $32.76 and a 12 month high of $43.79. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.31.
TriCo Bancshares (NASDAQ:TCBK) last released its quarterly earnings results on Tuesday, October 31st. The financial services provider reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.03). TriCo Bancshares had a return on equity of 10.17% and a net margin of 21.87%. The business had revenue of $57.01 million during the quarter, compared to analyst estimates of $56.99 million. equities analysts anticipate that TriCo Bancshares will post 2.18 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were given a $0.17 dividend. The ex-dividend date was Thursday, December 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.72%. TriCo Bancshares’s dividend payout ratio (DPR) is presently 31.48%.
Several hedge funds have recently bought and sold shares of the company. Thomson Horstmann & Bryant Inc. grew its position in shares of TriCo Bancshares by 9.5% in the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 92,219 shares of the financial services provider’s stock valued at $3,491,000 after purchasing an additional 7,967 shares in the last quarter. GSA Capital Partners LLP grew its position in TriCo Bancshares by 46.4% in the third quarter. GSA Capital Partners LLP now owns 14,669 shares of the financial services provider’s stock worth $598,000 after acquiring an additional 4,651 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its position in TriCo Bancshares by 10.5% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,832 shares of the financial services provider’s stock worth $645,000 after acquiring an additional 1,501 shares during the period. OxFORD Asset Management LLP grew its position in TriCo Bancshares by 51.1% in the third quarter. OxFORD Asset Management LLP now owns 40,631 shares of the financial services provider’s stock worth $1,654,000 after acquiring an additional 13,745 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in TriCo Bancshares by 3.5% in the third quarter. Dimensional Fund Advisors LP now owns 1,114,530 shares of the financial services provider’s stock worth $45,417,000 after acquiring an additional 37,461 shares during the period. Institutional investors and hedge funds own 68.96% of the company’s stock.
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About TriCo Bancshares
TriCo Bancshares is a bank holding company. The Company’s principal subsidiary is Tri Counties Bank, a California-chartered commercial bank (the Bank). The Bank offers banking services to retail customers and small to medium-sized businesses through 68 branch offices in Northern and Central California.
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