TriCo Bancshares (NASDAQ:TCBK) Set to Announce Quarterly Earnings on Wednesday
TriCo Bancshares (NASDAQ:TCBK) is set to announce its earnings results after the market closes on Wednesday, July 26th. Analysts expect the company to announce earnings of $0.51 per share for the quarter.
TriCo Bancshares (NASDAQ:TCBK) last issued its quarterly earnings data on Thursday, April 27th. The financial services provider reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The firm had revenue of $53.70 million during the quarter, compared to analysts’ expectations of $56.11 million. TriCo Bancshares had a return on equity of 9.63% and a net margin of 20.92%. On average, analysts expect TriCo Bancshares to post $2.09 EPS for the current fiscal year and $2.22 EPS for the next fiscal year.
Shares of TriCo Bancshares (TCBK) opened at 35.64 on Wednesday. The stock has a market capitalization of $815.19 million, a PE ratio of 17.82 and a beta of 0.88. The company’s 50 day moving average price is $35.35 and its 200-day moving average price is $35.22. TriCo Bancshares has a 52 week low of $23.90 and a 52 week high of $37.98.
The business also recently announced a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Thursday, June 15th were issued a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, June 13th. This is a positive change from TriCo Bancshares’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a yield of 1.91%. TriCo Bancshares’s dividend payout ratio (DPR) is 34.00%.
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A number of research analysts recently issued reports on the company. BidaskClub lowered TriCo Bancshares from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. FBR & Co reiterated a “marketperform” rating on shares of TriCo Bancshares in a report on Monday, April 10th. Zacks Investment Research upgraded TriCo Bancshares from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a report on Tuesday, June 27th. Finally, ValuEngine upgraded TriCo Bancshares from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $35.00.
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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