NASDAQ:TCBK

TriCo Bancshares (TCBK) Stock Forecast, Price & News

$32.03

+0.22 (+0.69%)

(As of 09/29/2023 08:53 PM ET)

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Today's Range: $31.86
▼
$32.48
50-Day Range: $31.16
▼
$39.10
52-Week Range: $28.66
▼
$58.62

Volume: 107,700 shs
Average Volume: 86,003 shs
Market Capitalization: $1.07 billion

P/E Ratio: 7.95
Dividend Yield: 3.75%
Price Target: $51.00

TriCo Bancshares MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.75 Rating Score
Upside/Downside: 59.2% Upside
$51.00 Price Target
Short Interest: Bearish
1.66% of Shares Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.31
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: -5.32%
From $3.57 to $3.38 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.45 out of 5 stars

Finance Sector

408th out of 860 stocks

State Commercial Banks Industry

105th out of 180 stocks

3.4

Analyst's Opinion

Consensus Rating
TriCo Bancshares has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $51.00, TriCo Bancshares has a forecasted upside of 59.2% from its current price of $32.03.
Amount of Analyst Coverage
TriCo Bancshares has only been the subject of 2 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
1.66% of the outstanding shares of TriCo Bancshares have been sold short.
Short Interest Ratio / Days to Cover
TriCo Bancshares has a short interest ratio ("days to cover") of 7.8.
Change versus previous month
Short interest in TriCo Bancshares has recently increased by 2.19%, indicating that investor sentiment is decreasing.

3.3

Dividend Strength

Dividend Leadership
TriCo Bancshares is a leading dividend payer. It pays a dividend yield of 3.75%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
TriCo Bancshares has only been increasing its dividend for 2 years.
Dividend Coverage
The dividend payout ratio of TriCo Bancshares is 29.78%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, TriCo Bancshares will have a dividend payout ratio of 35.50% next year. This indicates that TriCo Bancshares will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for TCBK.

2.4

News and Social Media Coverage

News Sentiment
TriCo Bancshares has a news sentiment score of 0.31. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.70 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for TriCo Bancshares this week, compared to 1 article on an average week.
MarketBeat Follows
2 people have added TriCo Bancshares to their MarketBeat watchlist in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, TriCo Bancshares insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 4.33% of the stock of TriCo Bancshares is held by insiders.
Percentage Held by Institutions
62.40% of the stock of TriCo Bancshares is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for TriCo Bancshares are expected to decrease by -5.32% in the coming year, from $3.57 to $3.38 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of TriCo Bancshares is 7.95, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.09.
Price to Earnings Ratio vs. Sector
The P/E ratio of TriCo Bancshares is 7.95, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 64.59.
Price to Book Value per Share Ratio
TriCo Bancshares has a P/B Ratio of 1.02. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About TriCo Bancshares (NASDAQ:TCBK) Stock

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. In addition, the company offers treasury management services; and other customary banking services, including safe deposit boxes; and independent financial and broker-dealer services. The company was founded in 1975 and is headquartered in Chico, California.

TCBK Price History

30 days | 90 days | 365 days | Advanced Chart

TCBK Stock News Headlines

October 1, 2023 | americanbankingnews.com

TriCo Bancshares (NASDAQ:TCBK) Rating Lowered to Sell at StockNews.com

August 31, 2023 | finance.yahoo.com

TriCo Bancshares' (NASDAQ:TCBK) Dividend Will Be $0.30

October 2, 2023 | Behind the Markets (Ad)

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August 29, 2023 | finance.yahoo.com

TriCo Bancshares (NASDAQ:TCBK) shareholders have earned a 11% CAGR over the last three years

July 15, 2023 | fool.com

TriCo Bancshares (NASDAQ: TCBK)

July 14, 2023 | finance.yahoo.com

TriCo Bancshares (NASDAQ:TCBK) institutional owners may be pleased with recent gains after 21% loss over the past year

May 16, 2023 | finance.yahoo.com

Tri Counties Bank Honored with the 2022 Raymond James Community Bankers Cup Award

May 2, 2023 | msn.com

Piper Sandler Maintains Trico Bancshares (TCBK) Overweight Recommendation

October 2, 2023 | Behind the Markets (Ad)

BREAKING: Tiny biotech successfully treats blindness

May 1, 2023 | markets.businessinsider.com

Expert Ratings for TriCo

April 29, 2023 | finance.yahoo.com

Does TriCo Bancshares (NASDAQ:TCBK) Deserve A Spot On Your Watchlist?

April 28, 2023 | msn.com

Stephens & Co. Maintains Trico Bancshares (TCBK) Overweight Recommendation

April 27, 2023 | markets.businessinsider.com

Analysts Conflicted on These Financial Names: Eastgroup Properties (EGP), Marketaxess Holdings (MKTX) and Trico Bancshares (TCBK)

April 26, 2023 | finance.yahoo.com

TriCo Bancshares Announces First Quarter 2023 Results

April 10, 2023 | finance.yahoo.com

TriCo Bancshares Ranks #10 in S&P Global Market Intelligence Ranking

April 7, 2023 | nasdaq.com

Keefe, Bruyette & Woods Maintains TriCo Bancshares (TCBK) Market Perform Recommendation

April 7, 2023 | msn.com

Raymond James Maintains TriCo Bancshares (TCBK) Outperform Recommendation

April 6, 2023 | markets.businessinsider.com

KBW Keeps Their Hold Rating on Trico Bancshares (TCBK)

March 22, 2023 | finance.yahoo.com

TriCo Bancshares' (NASDAQ:TCBK) investors will be pleased with their decent 80% return over the last three years

March 10, 2023 | msn.com

TriCo Bancshares (TCBK) Declares $0.30 Dividend

March 7, 2023 | msn.com

TriCo Bancshares declares $0.30 dividend

January 25, 2023 | msn.com

TriCo Bancshares GAAP EPS of $1.09 misses by $0.07, revenue of $114.78M beats by $2M

January 25, 2023 | finance.yahoo.com

TriCo Bancshares Announces Fourth Quarter 2022 Results

January 19, 2023 | finance.yahoo.com

Tri Counties Bank Creates Homeownership Access Program to Increase Homeownership in Historically Disadvantaged Communities

January 13, 2023 | finance.yahoo.com

With 61% ownership of the shares, TriCo Bancshares (NASDAQ:TCBK) is heavily dominated by institutional owners

December 3, 2022 | finance.yahoo.com

TriCo Bancshares (NASDAQ:TCBK) Passed Our Checks, And It's About To Pay A US$0.30 Dividend

November 8, 2022 | finance.yahoo.com

TriCo Bancshares Third Quarter 2022 Earnings: Beats Expectations

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TCBK Company Calendar

Last Earnings: 7/26/2023
Ex-Dividend for 9/22 Dividend: 9/07/2023
Dividend Payable: 9/22/2023
Today: 10/01/2023
Next Earnings (Estimated): 10/25/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: State commercial banks
Sub-Industry: Regional Banks
Sector: Finance
Current Symbol: NASDAQ:TCBK
CUSIP: 89609510
CIK: 356171
Web: www.tcbk.com
Phone: (530) 898-0300
Fax: 530-898-0310
Employees: 1,231
Year Founded: 1974

Price Target and Rating

Average Stock Price Forecast: $51.00
High Stock Price Forecast: $62.00
Low Stock Price Forecast: $42.00
Forecasted Upside/Downside: +59.2%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.75
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $4.03
Trailing P/E Ratio: 7.95
Forward P/E Ratio: 8.97
P/E Growth: N/A
Net Income: $125.42 million
Net Margins: 28.58%
Pretax Margin: 39.33%
Return on Equity: 12.74%
Return on Assets: 1.36%

Debt

Debt-to-Equity Ratio: 0.45
Current Ratio: 0.81
Quick Ratio: 0.81

Sales & Book Value

Annual Sales: $418.55 million
Price / Sales: 2.55
Cash Flow: $4.33 per share
Price / Cash Flow: 7.39
Book Value: $31.40 per share
Price / Book: 1.02

Miscellaneous

Outstanding Shares: 33,260,000
Free Float: 31,823,000
Market Cap: $1.07 billion
Optionable: Optionable
Beta: 0.58

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Key Executives

Mr. Richard P. Smith (Age 65)
Chairman, Pres & CEO
Comp: $2.36M

Mr. Michael W. Koehnen (Age 62)
Independent Vice Chairman & Corp. Sec.
Comp: $50.61k

Mr. Peter G. Wiese (Age 48)
Exec. VP & CFO
Comp: $1.06M

Mr. John S. Fleshood (Age 60)
Exec. VP & COO
Comp: $1.02M

Mr. Craig B. Carney (Age 64)
Exec. VP & Chief Credit Officer of Tri Counties Bank
Comp: $910.06k

Mr. Daniel K. Bailey (Age 54)
Exec. VP & Chief Banking Officer
Comp: $956.29k

Mr. Jason Cove
Shareholder Relations

Dr. Gregory A. Gehlmann (Age 62)
Sr. VP & Gen. Counsel

Ms. Judi A. Giem (Age 58)
Sr. VP & Chief HR Officer

Angela Rudd
Sr. VP & Chief Auditor

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

TCBK Stock - Frequently Asked Questions

Should I buy or sell TriCo Bancshares stock right now?: 4 Wall Street 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 analysts is that investors should "moderate buy" TCBK shares.
View TCBK analyst ratings or view top-rated stocks.
What is TriCo Bancshares' stock price forecast for 2023?: 4 brokerages have issued 12-month target prices for TriCo Bancshares' stock. Their TCBK share price forecasts range from $42.00 to $62.00. On average, they predict the company's share price to reach $51.00 in the next twelve months. This suggests a possible upside of 59.2% from the stock's current price.
View analysts price targets for TCBK or view top-rated stocks among Wall Street analysts.
How have TCBK shares performed in 2023?: TriCo Bancshares' stock was trading at $50.99 on January 1st, 2023. Since then, TCBK shares have decreased by 37.2% and is now trading at $32.03.
View the best growth stocks for 2023 here.
When is TriCo Bancshares' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our TCBK earnings forecast.
How were TriCo Bancshares' earnings last quarter?: TriCo Bancshares (NASDAQ:TCBK) released its quarterly earnings data on Wednesday, July, 26th. The financial services provider reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.97 by $0.22. The financial services provider earned $104.34 million during the quarter, compared to the consensus estimate of $106.15 million. TriCo Bancshares had a trailing twelve-month return on equity of 12.74% and a net margin of 28.58%.
How often does TriCo Bancshares pay dividends? What is the dividend yield for TriCo Bancshares?: TriCo Bancshares declared a quarterly dividend on Thursday, August 24th. Stockholders of record on Friday, September 8th will be paid a dividend of $0.30 per share on Friday, September 22nd. This represents a $1.20 annualized dividend and a yield of 3.75%. The ex-dividend date is Thursday, September 7th.
Read our dividend analysis for TCBK.
What ETF holds TriCo Bancshares' stock ?: First Trust NASDAQ ABA Community Bank Index Fund holds 12,874 shares of TCBK stock, representing 0.66% of its portfolio.
Is TriCo Bancshares a good dividend stock?: TriCo Bancshares (NASDAQ:TCBK) pays an annual dividend of $1.20 per share and currently has a dividend yield of 3.75%. 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.

What is Richard P. Smith's approval rating as TriCo Bancshares' CEO?: 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.
What other stocks do shareholders of TriCo Bancshares own?: 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).
What is TriCo Bancshares' stock symbol?: TriCo Bancshares trades on the NASDAQ under the ticker symbol "TCBK."
How do I buy shares of TriCo Bancshares?: 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.
Compare Top Brokerages Here.
What is TriCo Bancshares' stock price today?: One share of TCBK stock can currently be purchased for approximately $32.03.
How much money does TriCo Bancshares make?: TriCo Bancshares (NASDAQ:TCBK) has a market capitalization of $1.07 billion and generates $418.55 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.
How many employees does TriCo Bancshares have?: The company employs 1,231 workers across the globe.
How can I contact TriCo Bancshares?: 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.

This page (NASDAQ:TCBK) was last updated on 10/2/2023 by MarketBeat.com Staff

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