Analysts predict that TriCo Bancshares (NASDAQ:TCBK) will announce sales of $81.10 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for TriCo Bancshares’ earnings. The lowest sales estimate is $79.30 million and the highest is $82.90 million. TriCo Bancshares posted sales of $75.01 million in the same quarter last year, which suggests a positive year over year growth rate of 8.1%. The company is scheduled to report its next earnings report on Wednesday, May 5th.
On average, analysts expect that TriCo Bancshares will report full year sales of $318.70 million for the current financial year, with estimates ranging from $316.40 million to $321.00 million. For the next fiscal year, analysts forecast that the business will post sales of $319.75 million, with estimates ranging from $316.90 million to $322.60 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for TriCo Bancshares.
TriCo Bancshares (NASDAQ:TCBK) last released its quarterly earnings results on Tuesday, January 26th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.10. TriCo Bancshares had a net margin of 20.03% and a return on equity of 7.19%. The company had revenue of $83.00 million for the quarter, compared to analysts’ expectations of $77.80 million.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Hsbc Holdings PLC raised its holdings in TriCo Bancshares by 6.5% in the fourth quarter. Hsbc Holdings PLC now owns 29,887 shares of the financial services provider’s stock valued at $1,051,000 after buying an additional 1,812 shares during the period. Principal Financial Group Inc. raised its holdings in TriCo Bancshares by 4.8% in the fourth quarter. Principal Financial Group Inc. now owns 16,636 shares of the financial services provider’s stock valued at $587,000 after buying an additional 759 shares during the period. JPMorgan Chase & Co. raised its holdings in TriCo Bancshares by 42.1% in the fourth quarter. JPMorgan Chase & Co. now owns 48,661 shares of the financial services provider’s stock valued at $1,717,000 after buying an additional 14,409 shares during the period. Guggenheim Capital LLC raised its holdings in TriCo Bancshares by 66.3% in the fourth quarter. Guggenheim Capital LLC now owns 24,459 shares of the financial services provider’s stock valued at $863,000 after buying an additional 9,754 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in TriCo Bancshares by 15.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 22,822 shares of the financial services provider’s stock valued at $805,000 after buying an additional 3,001 shares during the period. Hedge funds and other institutional investors own 61.18% of the company’s stock.
Shares of TCBK stock traded up $0.67 during trading hours on Friday, hitting $47.51. 4,200 shares of the company were exchanged, compared to its average volume of 82,626. The firm has a market cap of $1.41 billion, a PE ratio of 22.09 and a beta of 0.72. TriCo Bancshares has a 1 year low of $23.05 and a 1 year high of $51.66. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.09. The firm has a fifty day moving average of $46.87 and a 200 day moving average of $36.77.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 26th. Stockholders of record on Friday, March 12th were issued a dividend of $0.25 per share. This is a positive change from TriCo Bancshares’s previous quarterly dividend of $0.22. This represents a $1.00 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend was Thursday, March 11th. TriCo Bancshares’s dividend payout ratio is presently 33.33%.
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; commercial loans, including agricultural loans; and real estate construction loans.
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