TriCo Bancshares Announces Quarterly Dividend of $0.11 (TCBK)
TriCo Bancshares (NASDAQ:TCBK) announced a quarterly dividend on Thursday, September 4th, StockRatingsNetwork.com reports. Investors of record on Friday, September 19th will be paid a dividend of 0.11 per share on Tuesday, September 30th. This represents a $0.44 annualized dividend and a dividend yield of 1.88%.
On a related note, analysts at Raymond James cut their price target on shares of TriCo Bancshares from $29.00 to $28.00 in a research note on Friday, August 1st. They now have a “strong-buy” rating on the stock. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. TriCo Bancshares currently has an average rating of “Buy” and an average target price of $27.00.
Shares of TriCo Bancshares (NASDAQ:TCBK) traded up 3.19% on Thursday, hitting $23.27. The stock had a trading volume of 96,788 shares. TriCo Bancshares has a 1-year low of $20.25 and a 1-year high of $29.30. The stock’s 50-day moving average is $22.51 and its 200-day moving average is $23.73. The company has a market cap of $375.4 million and a P/E ratio of 14.83.
TriCo Bancshares (NASDAQ:TCBK) last issued its quarterly earnings data on Monday, July 28th. The company reported $0.30 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.40 by $0.10. On average, analysts predict that TriCo Bancshares will post $1.47 earnings per share for the current fiscal year.
TriCo Bancshares (NASDAQ:TCBK) is a bank holding company that operates through its wholly owned subsidiary, Tri Counties Bank (the Bank).
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