TriCo Bancshares (TCBK) Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TriCo Bancshares in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" TCBK shares.
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4 Wall Street research analysts have issued twelve-month target prices for TriCo Bancshares' stock. Their TCBK share price forecasts range from $42.00 to $62.00. On average, they expect the company's share price to reach $51.00 in the next twelve months. This suggests a possible upside of 63.7% from the stock's current price.
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TriCo Bancshares' stock was trading at $50.99 at the start of the year. Since then, TCBK stock has decreased by 38.9% and is now trading at $31.16.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our TCBK earnings forecast.

TriCo Bancshares (NASDAQ:TCBK) released its quarterly earnings results on Wednesday, July, 26th. The financial services provider reported $0.75 EPS for the quarter, missing analysts' consensus estimates of $0.97 by $0.22. The financial services provider earned $104.34 million during the quarter, compared to analysts' expectations of $106.15 million. TriCo Bancshares had a net margin of 28.58% and a trailing twelve-month return on equity of 12.74%.

TriCo Bancshares announced a quarterly dividend on Thursday, August 24th. Investors of record on Friday, September 8th will be given a dividend of $0.30 per share on Friday, September 22nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date of this dividend is Thursday, September 7th.
Read our dividend analysis for TCBK.

First Trust NASDAQ ABA Community Bank Index Fund holds 12,874 shares of TCBK stock, representing 0.66% of its portfolio.

TriCo Bancshares (NASDAQ:TCBK) pays an annual dividend of $1.20 per share and currently has a dividend yield of 3.83%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 29.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TCBK will have a dividend payout ratio of 35.50% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TCBK.

45 employees have rated TriCo Bancshares Chief Executive Officer Richard P. Smith on Glassdoor.com. Richard P. Smith has an approval rating of 84% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other TriCo Bancshares investors own include Boston Private Financial (BPFH), Synchronoss Technologies (SNCR), Boyd Gaming (BYD), Hurco Companies (HURC), KeyCorp (KEY), KKR & Co. Inc. (KKR), Main Street Capital (MAIN), Melinta Therapeutics (MLNT), Pfizer (PFE) and S&T Bancorp (STBA).

TriCo Bancshares trades on the NASDAQ under the ticker symbol "TCBK."

TriCo Bancshares' stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.02%), Franklin Resources Inc. (4.33%), Dimensional Fund Advisors LP (3.92%), Alliancebernstein L.P. (2.83%), State Street Corp (2.62%) and The Manufacturers Life Insurance Company (2.38%). Insiders that own company stock include Anthony L Leggio, Cory W Giese and Michael W Koehnen.
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Shares of TCBK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TCBK stock can currently be purchased for approximately $31.16.

TriCo Bancshares (NASDAQ:TCBK) has a market capitalization of $1.04 billion and generates $428.78 million in revenue each year. The financial services provider earns $125.42 million in net income (profit) each year or $4.03 on an earnings per share basis.

The company employs 1,231 workers across the globe.

TriCo Bancshares' mailing address is 63 CONSTITUTION DRIVE, CHICO CA, 95973. The official website for the company is www.tcbk.com. The financial services provider can be reached via phone at (530) 898-0300, via email at clientservices@investordelivery.com, or via fax at 530-898-0310.