TriCo Bancshares (NASDAQ:TCBK) Price Target Raised to $45.00 at DA Davidson

Key Points

• DA Davidson raised its price target for TriCo Bancshares (NASDAQ: TCBK) from $43.00 to $45.00, indicating a potential upside of 5.46%.
• TriCo Bancshares reported a quarterly earnings per share (EPS) of $0.84, exceeding consensus estimates by $0.02.
• Shares of TriCo Bancshares increased by 1.7%, trading at $42.67 on the day following the price target update.
• Overall, TriCo Bancshares received a "Moderate Buy" rating with a current average price target of $46.60 from analysts.

TriCo Bancshares (NASDAQ:TCBK - Get Free Report) had its price target upped by research analysts at DA Davidson from $43.00 to $45.00 in a research note issued to investors on Friday, July 25th, MarketBeat Ratings reports. The firm currently has a "neutral" rating on the financial services provider's stock. DA Davidson's price objective would suggest a potential upside of 9.06% from the company's previous close. DA Davidson also issued estimates for TriCo Bancshares' Q3 2025 earnings at $0.92 EPS and FY2025 earnings at $3.50 EPS.

Several other brokerages have also recently weighed in on TCBK. Stephens reaffirmed an "overweight" rating and set a $47.00 price target on shares of TriCo Bancshares in a research note on Monday, April 28th. Keefe, Bruyette & Woods decreased their price target on shares of TriCo Bancshares from $48.00 to $46.00 and set a "market perform" rating for the company in a research note on Monday, April 28th. Finally, Raymond James Financial reaffirmed an "outperform" rating and set a $45.00 price target (up from $43.00) on shares of TriCo Bancshares in a research note on Friday, July 25th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $47.60.

TriCo Bancshares Price Performance

NASDAQ TCBK opened at $41.26 on Friday. The business has a 50 day simple moving average of $41.15 and a 200 day simple moving average of $41.02. TriCo Bancshares has a 52-week low of $35.20 and a 52-week high of $51.06. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 12.14 and a beta of 0.64.

TriCo Bancshares (NASDAQ:TCBK - Get Free Report) last posted its earnings results on Thursday, July 24th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.82 by $0.02. TriCo Bancshares had a return on equity of 9.04% and a net margin of 21.11%. The business had revenue of $103.61 million during the quarter, compared to analysts' expectations of $101.15 million. Analysts anticipate that TriCo Bancshares will post 3.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TriCo Bancshares

Hedge funds and other institutional investors have recently made changes to their positions in the company. Abound Financial LLC bought a new position in shares of TriCo Bancshares in the first quarter valued at $36,000. Sterling Capital Management LLC grew its stake in shares of TriCo Bancshares by 800.0% in the fourth quarter. Sterling Capital Management LLC now owns 1,008 shares of the financial services provider's stock valued at $44,000 after buying an additional 896 shares in the last quarter. CWM LLC grew its stake in shares of TriCo Bancshares by 59.2% in the first quarter. CWM LLC now owns 1,116 shares of the financial services provider's stock valued at $45,000 after buying an additional 415 shares in the last quarter. KBC Group NV bought a new position in shares of TriCo Bancshares in the first quarter valued at $61,000. Finally, Aquatic Capital Management LLC grew its stake in shares of TriCo Bancshares by 129.5% in the fourth quarter. Aquatic Capital Management LLC now owns 2,295 shares of the financial services provider's stock valued at $100,000 after buying an additional 1,295 shares in the last quarter. 59.11% of the stock is owned by institutional investors.

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.