TriCo Bancshares (TCBK) to Release Earnings on Tuesday
TriCo Bancshares (NASDAQ:TCBK) is scheduled to release its earnings data after the market closes on Tuesday, October 24th.
Shares of TriCo Bancshares (TCBK) opened at 42.03 on Tuesday. The firm has a 50 day moving average price of $37.58 and a 200-day moving average price of $36.06. TriCo Bancshares has a 12 month low of $25.43 and a 12 month high of $42.78. The company has a market cap of $963.54 million, a P/E ratio of 19.37 and a beta of 0.90.
The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.62%. The ex-dividend date was Thursday, September 14th. TriCo Bancshares’s payout ratio is 31.34%.
Several equities analysts have recently commented on TCBK shares. Zacks Investment Research raised TriCo Bancshares from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research report on Saturday, September 23rd. BidaskClub downgraded TriCo Bancshares from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $39.00.
In other news, EVP Craig B. Carney sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $37.25, for a total value of $186,250.00. Following the transaction, the executive vice president now owns 23,998 shares of the company’s stock, valued at $893,925.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 9.10% of the stock is currently owned by corporate insiders.
About TriCo Bancshares
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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