TriCo Bancshares to Post Q1 2018 Earnings of $0.63 Per Share, FIG Partners Forecasts (TCBK)

TriCo Bancshares (NASDAQ:TCBK) – Stock analysts at FIG Partners issued their Q1 2018 earnings per share estimates for TriCo Bancshares in a report issued on Thursday. FIG Partners analyst T. Coffey expects that the financial services provider will post earnings of $0.63 per share for the quarter. FIG Partners has a “Market Perform” rating on the stock. FIG Partners also issued estimates for TriCo Bancshares’ Q2 2018 earnings at $0.57 EPS, Q3 2018 earnings at $0.60 EPS, Q4 2018 earnings at $0.62 EPS, Q1 2019 earnings at $0.69 EPS, Q2 2019 earnings at $0.72 EPS, Q3 2019 earnings at $0.75 EPS and Q4 2019 earnings at $0.79 EPS.

TriCo Bancshares (NASDAQ:TCBK) last issued its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.08). TriCo Bancshares had a net margin of 17.52% and a return on equity of 9.74%. The business had revenue of $57.57 million during the quarter, compared to the consensus estimate of $58.45 million.

Several other equities analysts also recently issued reports on the company. Zacks Investment Research upgraded TriCo Bancshares from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research report on Saturday. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $44.00 price objective on shares of TriCo Bancshares in a research report on Wednesday, January 31st. BidaskClub downgraded TriCo Bancshares from a “sell” rating to a “strong sell” rating in a research report on Wednesday, January 10th. Finally, ValuEngine downgraded TriCo Bancshares from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $41.00.

TriCo Bancshares (NASDAQ:TCBK) opened at $37.26 on Monday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.79 and a quick ratio of 0.79. TriCo Bancshares has a 52-week low of $32.76 and a 52-week high of $43.79. The stock has a market capitalization of $855.34, a price-to-earnings ratio of 21.41, a price-to-earnings-growth ratio of 1.41 and a beta of 0.89.

A number of institutional investors and hedge funds have recently modified their holdings of TCBK. Schwab Charles Investment Management Inc. raised its position in TriCo Bancshares by 7.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 85,361 shares of the financial services provider’s stock valued at $3,001,000 after purchasing an additional 5,937 shares during the last quarter. Wells Fargo & Company MN raised its position in TriCo Bancshares by 0.4% in the 2nd quarter. Wells Fargo & Company MN now owns 39,785 shares of the financial services provider’s stock valued at $1,398,000 after purchasing an additional 141 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of TriCo Bancshares by 0.5% during the second quarter. Ameriprise Financial Inc. now owns 55,529 shares of the financial services provider’s stock worth $1,952,000 after acquiring an additional 291 shares during the last quarter. Northern Trust Corp raised its position in shares of TriCo Bancshares by 1.7% during the second quarter. Northern Trust Corp now owns 570,982 shares of the financial services provider’s stock worth $20,069,000 after acquiring an additional 9,571 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of TriCo Bancshares by 4.2% during the second quarter. Vanguard Group Inc. now owns 873,001 shares of the financial services provider’s stock worth $30,686,000 after acquiring an additional 35,343 shares during the last quarter. Hedge funds and other institutional investors own 70.05% of the company’s stock.

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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.

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

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