TriCo Bancshares (NASDAQ:TCBK) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Consensus "Moderate Buy": Seven analysts (four buy, three hold) rate TCBK a consensus "Moderate Buy" with an average 12‑month price target of $53.80.
• Mixed fundamentals and valuation: TriCo beat Q4 estimates (EPS $1.03 vs. $1.01; revenue $109.4M vs. $108.19M), and the stock trades around $50.27 with a PE of ~13.6 and a 1‑year range of $35.25–$53.18.
• Dividend and institutional ownership: The company pays a $0.36 quarterly dividend (annualized $1.44, yield ~2.9%, payout ratio ~38.8%), and institutions own roughly 59% of the shares with several funds recently increasing positions.

TriCo Bancshares (NASDAQ:TCBK - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the seven brokerages that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $53.80.

TCBK has been the topic of several research analyst reports. DA Davidson increased their price objective on TriCo Bancshares from $51.00 to $54.00 and gave the stock a "neutral" rating in a research note on Friday, January 23rd. Weiss Ratings raised TriCo Bancshares from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, February 25th. Keefe, Bruyette & Woods increased their price objective on TriCo Bancshares from $50.00 to $55.00 and gave the stock a "market perform" rating in a research note on Monday, January 26th. Stephens increased their price objective on TriCo Bancshares from $54.00 to $55.00 and gave the stock an "overweight" rating in a research note on Monday, January 26th. Finally, Piper Sandler increased their price objective on TriCo Bancshares from $57.00 to $59.00 and gave the stock an "overweight" rating in a research note on Monday, January 26th.

TriCo Bancshares Trading Down 1.4%

Shares of TCBK stock opened at $50.27 on Friday. TriCo Bancshares has a 1 year low of $35.25 and a 1 year high of $53.18. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.87 and a quick ratio of 0.87. The stock's 50 day simple moving average is $48.90 and its two-hundred day simple moving average is $47.40. The company has a market cap of $1.62 billion, a PE ratio of 13.55 and a beta of 0.59.

TriCo Bancshares (NASDAQ:TCBK - Get Free Report) last issued its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.02. TriCo Bancshares had a return on equity of 9.43% and a net margin of 22.56%.The firm had revenue of $109.40 million for the quarter, compared to the consensus estimate of $108.19 million. Research analysts predict that TriCo Bancshares will post 3.35 earnings per share for the current year.

TriCo Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, March 6th were paid a $0.36 dividend. The ex-dividend date of this dividend was Friday, March 6th. This represents a $1.44 annualized dividend and a yield of 2.9%. TriCo Bancshares's dividend payout ratio is 38.81%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TCBK. Assenagon Asset Management S.A. bought a new stake in TriCo Bancshares during the 4th quarter valued at $1,126,000. JPMorgan Chase & Co. boosted its position in TriCo Bancshares by 13.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 361,435 shares of the financial services provider's stock valued at $16,051,000 after acquiring an additional 42,657 shares in the last quarter. SG Americas Securities LLC boosted its position in TriCo Bancshares by 136.8% during the 4th quarter. SG Americas Securities LLC now owns 20,389 shares of the financial services provider's stock valued at $966,000 after acquiring an additional 11,780 shares in the last quarter. Denali Advisors LLC bought a new stake in TriCo Bancshares during the 3rd quarter valued at $719,000. Finally, Rafferty Asset Management LLC boosted its position in TriCo Bancshares by 3.2% during the 3rd quarter. Rafferty Asset Management LLC now owns 17,106 shares of the financial services provider's stock valued at $760,000 after acquiring an additional 525 shares in the last quarter. Institutional investors own 59.11% of the company's stock.

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.

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