TriCo Bancshares (TCBK) Declares Quarterly Dividend of $0.17
TriCo Bancshares (NASDAQ:TCBK) declared a quarterly dividend on Wednesday, May 24th. Investors of record on Thursday, June 15th will be paid a dividend of 0.17 per share by the financial services provider on Friday, June 30th. This represents a $0.68 annualized dividend and a yield of 1.93%. The ex-dividend date is Tuesday, June 13th. This is an increase from TriCo Bancshares’s previous quarterly dividend of $0.15.
Shares of TriCo Bancshares (NASDAQ:TCBK) traded down 0.51% during trading on Wednesday, reaching $35.15. 39,655 shares of the company traded hands. The stock has a market capitalization of $803.99 million, a PE ratio of 17.58 and a beta of 0.98. TriCo Bancshares has a 12 month low of $23.90 and a 12 month high of $37.45. The company has a 50-day moving average of $35.16 and a 200-day moving average of $34.43.
TriCo Bancshares (NASDAQ:TCBK) last announced its quarterly earnings data on Thursday, April 27th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The firm had revenue of $53.70 million for the quarter, compared to the consensus estimate of $56.11 million. TriCo Bancshares had a net margin of 20.53% and a return on equity of 9.47%. Analysts forecast that TriCo Bancshares will post $2.07 earnings per share for the current fiscal year.
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A number of large investors have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. increased its stake in shares of TriCo Bancshares by 5.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 79,424 shares of the financial services provider’s stock worth $2,822,000 after buying an additional 3,933 shares during the last quarter. Teachers Advisors LLC increased its stake in shares of TriCo Bancshares by 9.4% in the first quarter. Teachers Advisors LLC now owns 74,391 shares of the financial services provider’s stock worth $2,643,000 after buying an additional 6,382 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of TriCo Bancshares by 5.6% in the first quarter. Vanguard Group Inc. now owns 837,658 shares of the financial services provider’s stock worth $29,762,000 after buying an additional 44,746 shares during the last quarter. Hedge funds and other institutional investors own 68.65% of the company’s stock.
Separately, FBR & Co assumed coverage on shares of TriCo Bancshares in a research note on Tuesday, April 11th. They set a “mkt perform” rating and a $37.00 price objective on the stock.
TriCo Bancshares Company Profile
TriCo Bancshares is a bank holding company. The Company’s principal subsidiary is Tri Counties Bank, a California-chartered commercial bank (the Bank). The Bank offers banking services to retail customers and small to medium-sized businesses through 68 branch offices in Northern and Central California.
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