TriCo Bancshares (NASDAQ:TCBK) has been assigned an average recommendation of “Hold” from the six analysts that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $40.00.

A number of brokerages recently commented on TCBK. Zacks Investment Research upgraded TriCo Bancshares from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research report on Thursday, November 2nd. BidaskClub lowered TriCo Bancshares from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 19th. FIG Partners lowered TriCo Bancshares from an “outperform” rating to a “market perform” rating in a research report on Wednesday. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $43.00 price objective on shares of TriCo Bancshares in a research report on Thursday.

Hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new position in TriCo Bancshares during the second quarter worth about $129,000. Raymond James Financial Services Advisors Inc. bought a new position in TriCo Bancshares during the second quarter worth about $211,000. Trexquant Investment LP bought a new position in TriCo Bancshares during the second quarter worth about $243,000. Susquehanna International Group LLP bought a new position in TriCo Bancshares during the second quarter worth about $245,000. Finally, Virtu KCG Holdings LLC bought a new position in TriCo Bancshares during the second quarter worth about $248,000. Hedge funds and other institutional investors own 69.93% of the company’s stock.

Shares of TriCo Bancshares (TCBK) traded down $0.51 during mid-day trading on Thursday, reaching $39.34. The company had a trading volume of 143,200 shares, compared to its average volume of 65,408. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market capitalization of $914.22, a price-to-earnings ratio of 18.53, a price-to-earnings-growth ratio of 1.82 and a beta of 0.90. TriCo Bancshares has a 1 year low of $32.66 and a 1 year high of $43.79.

TriCo Bancshares (NASDAQ:TCBK) last announced its quarterly earnings data on Tuesday, October 31st. The financial services provider reported $0.51 EPS for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.03). The firm had revenue of $57.01 million during the quarter, compared to analyst estimates of $56.99 million. TriCo Bancshares had a return on equity of 10.17% and a net margin of 21.87%. analysts expect that TriCo Bancshares will post 2.19 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a $0.17 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.68 dividend on an annualized basis and a yield of 1.73%. TriCo Bancshares’s payout ratio is 31.63%.

TRADEMARK VIOLATION NOTICE: This news story was published by American Banking News and is the property of of American Banking News. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark legislation. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2017/12/14/trico-bancshares-tcbk-given-consensus-rating-of-hold-by-brokerages.html.

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.

Receive News & Ratings for TriCo Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TriCo Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.