TriCo Bancshares - TCBK Stock Forecast, Price & News

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. It operates 61 traditional branches, 7 in-store branches, and 7 loan production offices in 31 counties throughout California. The company was founded in 1975 and is headquartered in Chico, California.

TriCo Bancshares Trading Up 1.5 %

NASDAQ:TCBK traded up $0.70 during trading on Friday, hitting $48.27. The company had a trading volume of 94,063 shares, compared to its average volume of 81,584. The company has a current ratio of 0.75, a quick ratio of 0.78 and a debt-to-equity ratio of 0.13. TriCo Bancshares has a one year low of $37.41 and a one year high of $48.59. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 13.95 and a beta of 0.50. The company's fifty day moving average is $46.06 and its 200-day moving average is $43.41.

TriCo Bancshares (NASDAQ:TCBK - Get Rating) last issued its quarterly earnings data on Wednesday, July 27th. The financial services provider reported $0.93 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.06). TriCo Bancshares had a return on equity of 10.39% and a net margin of 29.83%. On average, sell-side analysts predict that TriCo Bancshares will post 3.89 earnings per share for the current year.

TriCo Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 24th. Shareholders of record on Friday, June 10th were issued a $0.25 dividend. The ex-dividend date was Thursday, June 9th. This represents a $1.00 annualized dividend and a yield of 2.07%. TriCo Bancshares's dividend payout ratio (DPR) is presently 28.90%.

Wall Street Analyst Weigh In

TCBK has been the subject of several analyst reports. Raymond James increased their price target on shares of TriCo Bancshares from $44.00 to $48.00 and gave the company an "outperform" rating in a research report on Thursday, July 7th. Piper Sandler increased their price target on shares of TriCo Bancshares to $56.00 in a research report on Monday, July 4th. Stephens raised shares of TriCo Bancshares from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $46.00 to $48.00 in a research report on Wednesday, May 11th. Finally, Janney Montgomery Scott raised shares of TriCo Bancshares from a "neutral" rating to a "buy" rating and set a $49.00 price target for the company in a research report on Tuesday, May 3rd. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $49.60.

Insiders Place Their Bets

In related news, Director Cory W. Giese sold 2,500 shares of the stock in a transaction dated Tuesday, May 17th. The shares were sold at an average price of $42.00, for a total value of $105,000.00. Following the completion of the transaction, the director now directly owns 9,503 shares in the company, valued at approximately $399,126. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 4.10% of the company's stock.