Wall Street brokerages expect that TriCo Bancshares (NASDAQ:TCBK) will report earnings per share (EPS) of $0.57 for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for TriCo Bancshares’ earnings. The lowest EPS estimate is $0.55 and the highest is $0.59. TriCo Bancshares reported earnings per share of $0.54 during the same quarter last year, which suggests a positive year over year growth rate of 5.6%. The business is expected to issue its next earnings report on Monday, January 29th.

On average, analysts expect that TriCo Bancshares will report full-year earnings of $2.18 per share for the current year, with EPS estimates ranging from $2.16 to $2.20. For the next year, analysts anticipate that the business will post earnings of $2.16 per share, with EPS estimates ranging from $1.98 to $2.39. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for TriCo Bancshares.

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

Several research analysts recently weighed in on TCBK shares. 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. FIG Partners lowered TriCo Bancshares from an “outperform” rating to a “market perform” rating in a research report on Wednesday, December 13th. 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, December 14th. BidaskClub cut TriCo Bancshares from a “hold” rating to a “sell” rating in a research note on Friday, December 15th. Finally, ValuEngine cut TriCo Bancshares from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The stock has an average rating of “Hold” and an average price target of $42.67.

TriCo Bancshares (NASDAQ:TCBK) opened at $38.82 on Wednesday. The firm has a market capitalization of $890.59, a P/E ratio of 17.97, a P/E/G ratio of 1.71 and a beta of 0.91. TriCo Bancshares has a 52-week low of $32.66 and a 52-week high of $43.79. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.79 and a quick ratio of 0.79.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.75%. The ex-dividend date was Thursday, December 14th. TriCo Bancshares’s payout ratio is currently 31.48%.

Several hedge funds and other institutional investors have recently made changes to their positions in TCBK. FMR LLC raised its stake in shares of 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 in the last quarter. JPMorgan Chase & Co. raised its stake in shares of TriCo Bancshares by 39.2% in the third quarter. JPMorgan Chase & Co. now owns 546,175 shares of the financial services provider’s stock valued at $22,004,000 after acquiring an additional 153,680 shares in the last quarter. Eagle Asset Management Inc. raised its stake in shares of TriCo Bancshares by 43.8% in the third quarter. Eagle Asset Management Inc. now owns 279,929 shares of the financial services provider’s stock valued at $11,435,000 after acquiring an additional 85,241 shares in the last quarter. Dimensional Fund Advisors LP raised its stake 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 valued at $45,417,000 after acquiring an additional 37,461 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of 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 in the last quarter. Institutional investors and hedge funds own 68.96% 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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