Wall Street analysts predict that TriCo Bancshares (NASDAQ:TCBK) will report sales of $58.42 million for the current quarter, according to Zacks. Three analysts have made estimates for TriCo Bancshares’ earnings. The lowest sales estimate is $57.90 million and the highest is $59.35 million. TriCo Bancshares reported sales of $55.62 million during the same quarter last year, which indicates a positive year-over-year growth rate of 5%. The firm is expected to report its next quarterly earnings results on Monday, January 29th.

According to Zacks, analysts expect that TriCo Bancshares will report full-year sales of $58.42 million for the current fiscal year, with estimates ranging from $224.00 million to $226.40 million. For the next year, analysts forecast that the firm will post sales of $240.97 million per share, with estimates ranging from $238.70 million to $243.40 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow TriCo Bancshares.

TriCo Bancshares (NASDAQ:TCBK) last announced its quarterly earnings results on Tuesday, October 31st. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.03). TriCo Bancshares had a net margin of 21.87% and a return on equity of 10.17%. The business had revenue of $57.01 million for the quarter, compared to analyst estimates of $56.99 million.

Several equities research analysts have issued reports on the company. Zacks Investment Research downgraded TriCo Bancshares from a “buy” rating to a “hold” rating in a report on Friday, September 22nd. BidaskClub downgraded TriCo Bancshares from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. TriCo Bancshares currently has a consensus rating of “Hold” and a consensus price target of $41.50.

Shares of TriCo Bancshares (TCBK) traded up $0.14 during trading on Tuesday, reaching $41.60. The company’s stock had a trading volume of 67,700 shares, compared to its average volume of 63,965. TriCo Bancshares has a fifty-two week low of $29.01 and a fifty-two week high of $43.22. The firm has a market cap of $951.15, a P/E ratio of 19.28, a price-to-earnings-growth ratio of 1.89 and a beta of 0.92. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.31.

In other news, EVP Craig B. Carney sold 5,000 shares of TriCo Bancshares stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $36.00, for a total transaction of $180,000.00. Following the completion of the sale, the executive vice president now owns 18,294 shares of the company’s stock, valued at $658,584. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 9.10% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its position in shares of TriCo Bancshares by 3.5% in the third quarter. Dimensional Fund Advisors LP now owns 1,114,530 shares of the financial services provider’s stock worth $45,417,000 after purchasing an additional 37,461 shares during the period. The Manufacturers Life Insurance Company grew its position in TriCo Bancshares by 1.8% in the second quarter. The Manufacturers Life Insurance Company now owns 962,397 shares of the financial services provider’s stock valued at $33,828,000 after acquiring an additional 17,023 shares during the last quarter. Vanguard Group Inc. grew its position in TriCo Bancshares by 4.2% in the second quarter. Vanguard Group Inc. now owns 873,001 shares of the financial services provider’s stock valued at $30,686,000 after acquiring an additional 35,343 shares during the last quarter. Goldman Sachs Group Inc. grew its position in TriCo Bancshares by 4.6% in the second quarter. Goldman Sachs Group Inc. now owns 780,134 shares of the financial services provider’s stock valued at $27,422,000 after acquiring an additional 34,467 shares during the last quarter. Finally, FMR LLC grew its position in TriCo Bancshares by 45.1% in the second quarter. FMR LLC now owns 697,792 shares of the financial services provider’s stock valued at $24,527,000 after acquiring an additional 216,734 shares during the last quarter. Institutional investors own 69.56% of the company’s stock.

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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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Earnings History and Estimates for TriCo Bancshares (NASDAQ:TCBK)

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