$0.65 Earnings Per Share Expected for TriCo Bancshares (TCBK) This Quarter

Equities analysts expect TriCo Bancshares (NASDAQ:TCBK) to post earnings per share (EPS) of $0.65 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for TriCo Bancshares’ earnings. The lowest EPS estimate is $0.63 and the highest is $0.69. TriCo Bancshares posted earnings of $0.52 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 25%. The company is scheduled to report its next quarterly earnings results on Thursday, April 26th.

On average, analysts expect that TriCo Bancshares will report full-year earnings of $2.64 per share for the current fiscal year, with EPS estimates ranging from $2.33 to $2.90. For the next fiscal year, analysts anticipate that the firm will report earnings of $3.07 per share, with EPS estimates ranging from $2.95 to $3.20. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for TriCo Bancshares.

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

A number of brokerages have issued reports on TCBK. Zacks Investment Research lowered TriCo Bancshares from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. 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 set a $45.00 price target on shares of TriCo Bancshares in a research report on Friday, December 22nd. BidaskClub lowered TriCo Bancshares from a “sell” rating to a “strong sell” rating in a research report on Wednesday, January 10th. Finally, ValuEngine lowered TriCo Bancshares from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $41.00.

TriCo Bancshares (NASDAQ TCBK) opened at $36.71 on Tuesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.79 and a current ratio of 0.79. TriCo Bancshares has a 12-month low of $32.76 and a 12-month high of $43.79. The stock has a market capitalization of $853.73, a price-to-earnings ratio of 21.10, a price-to-earnings-growth ratio of 1.41 and a beta of 0.89.

Institutional investors have recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of TriCo Bancshares in the second quarter valued at $211,000. Susquehanna International Group LLP acquired a new stake in shares of TriCo Bancshares in the second quarter valued at $245,000. Virtu KCG Holdings LLC acquired a new stake in shares of TriCo Bancshares in the second quarter valued at $248,000. Teacher Retirement System of Texas acquired a new stake in shares of TriCo Bancshares in the fourth quarter valued at $270,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of TriCo Bancshares in the second quarter valued at $370,000. Institutional investors and hedge funds own 68.38% 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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