Shares of TriCo Bancshares (NASDAQ:TCBK - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $47.80.
A number of brokerages have recently commented on TCBK. Stephens reissued an "overweight" rating and set a $47.00 price objective on shares of TriCo Bancshares in a research report on Monday. Raymond James dropped their price objective on TriCo Bancshares from $48.00 to $43.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of TriCo Bancshares from $48.00 to $46.00 and set a "market perform" rating for the company in a research report on Monday.
Get Our Latest Stock Report on TriCo Bancshares
Hedge Funds Weigh In On TriCo Bancshares
A number of institutional investors have recently modified their holdings of the business. Abound Financial LLC purchased a new position in TriCo Bancshares during the 1st quarter worth $36,000. Sterling Capital Management LLC boosted its stake in shares of TriCo Bancshares by 800.0% during the fourth quarter. Sterling Capital Management LLC now owns 1,008 shares of the financial services provider's stock worth $44,000 after buying an additional 896 shares during the period. CWM LLC grew its holdings in shares of TriCo Bancshares by 59.2% during the first quarter. CWM LLC now owns 1,116 shares of the financial services provider's stock worth $45,000 after buying an additional 415 shares during the last quarter. KBC Group NV acquired a new position in TriCo Bancshares in the 1st quarter valued at about $61,000. Finally, Aquatic Capital Management LLC raised its stake in TriCo Bancshares by 129.5% during the 4th quarter. Aquatic Capital Management LLC now owns 2,295 shares of the financial services provider's stock valued at $100,000 after acquiring an additional 1,295 shares during the last quarter. 59.11% of the stock is owned by institutional investors and hedge funds.
TriCo Bancshares Stock Up 1.4 %
TCBK traded up $0.55 during trading hours on Friday, hitting $39.13. 101,593 shares of the company's stock were exchanged, compared to its average volume of 117,250. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.30. TriCo Bancshares has a 12-month low of $35.20 and a 12-month high of $51.06. The firm has a market cap of $1.29 billion, a P/E ratio of 11.31 and a beta of 0.53. The firm has a 50 day moving average of $39.52 and a 200 day moving average of $43.21.
TriCo Bancshares (NASDAQ:TCBK - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.02. The business had revenue of $98.62 million for the quarter, compared to analysts' expectations of $99.59 million. TriCo Bancshares had a return on equity of 9.63% and a net margin of 21.63%. Analysts predict that TriCo Bancshares will post 3.35 EPS for the current fiscal year.
TriCo Bancshares Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.37%. The ex-dividend date of this dividend was Friday, March 7th. TriCo Bancshares's payout ratio is currently 38.48%.
About TriCo Bancshares
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Get Free ReportTriCo 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.
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