TriCo Bancshares (NASDAQ:TCBK) – FIG Partners cut their Q1 2018 EPS estimates for shares of TriCo Bancshares in a research report issued on Wednesday. FIG Partners analyst T. Coffey now forecasts that the financial services provider will post earnings per share of $0.59 for the quarter, down from their previous estimate of $0.63. FIG Partners currently has a “Market Perform” rating on the stock. FIG Partners also issued estimates for TriCo Bancshares’ Q2 2018 earnings at $0.34 EPS, Q3 2018 earnings at $0.57 EPS, FY2018 earnings at $2.13 EPS and Q1 2019 earnings at $0.68 EPS.
TCBK has been the subject of several other reports. BidaskClub downgraded TriCo Bancshares from a “hold” rating to a “sell” rating in a report on Friday, December 15th. Zacks Investment Research raised TriCo Bancshares from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a report on Thursday, November 2nd. ValuEngine downgraded TriCo Bancshares from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $44.00 target price on shares of TriCo Bancshares in a report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. TriCo Bancshares presently has an average rating of “Hold” and a consensus price target of $41.00.
Shares of TriCo Bancshares (NASDAQ:TCBK) opened at $38.29 on Friday. TriCo Bancshares has a fifty-two week low of $32.76 and a fifty-two week high of $43.79. The company has a market capitalization of $872.79, a price-to-earnings ratio of 22.01, a PEG ratio of 1.44 and a beta of 0.89. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.31.
TriCo Bancshares (NASDAQ:TCBK) last announced its earnings results on Tuesday, January 30th. The financial services provider reported $0.47 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.08). TriCo Bancshares had a net margin of 17.52% and a return on equity of 9.74%. The company had revenue of $57.57 million for the quarter, compared to analysts’ expectations of $58.45 million.
A number of institutional investors have recently made changes to their positions in TCBK. Raymond James Financial Services Advisors Inc. purchased a new stake in TriCo Bancshares in the 2nd quarter worth about $211,000. Teacher Retirement System of Texas purchased a new stake in TriCo Bancshares in the 4th quarter worth about $270,000. Dynamic Technology Lab Private Ltd purchased a new stake in TriCo Bancshares in the 2nd quarter worth about $370,000. MetLife Investment Advisors LLC purchased a new stake in TriCo Bancshares in the 4th quarter worth about $371,000. Finally, Citadel Advisors LLC lifted its stake in TriCo Bancshares by 96.3% in the 4th quarter. Citadel Advisors LLC now owns 10,288 shares of the financial services provider’s stock worth $390,000 after acquiring an additional 5,048 shares in the last quarter. 71.49% of the stock is owned by hedge funds and other institutional investors.
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TriCo Bancshares Company Profile
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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