Wall Street analysts expect that TriCo Bancshares (NASDAQ:TCBK) will post sales of $58.42 million for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for TriCo Bancshares’ earnings, with the highest sales estimate coming in at $59.35 million and the lowest estimate coming in at $57.90 million. TriCo Bancshares posted sales of $55.62 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 5%. The company is expected to issue its next earnings report 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 $224.20 million to $226.40 million. For the next year, analysts anticipate that the business will post sales of $273.95 million per share, with estimates ranging from $268.00 million to $282.24 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow TriCo Bancshares.
TriCo Bancshares (NASDAQ:TCBK) last posted its quarterly earnings results on Tuesday, October 31st. The financial services provider reported $0.51 EPS 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 analyst estimates of $56.99 million. TriCo Bancshares had a net margin of 21.87% and a return on equity of 10.17%.
Shares of TriCo Bancshares (NASDAQ TCBK) opened at $39.47 on Tuesday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $905.50, a P/E ratio of 18.36, a PEG ratio of 1.81 and a beta of 0.90. TriCo Bancshares has a 1-year low of $32.66 and a 1-year high of $43.79.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.72%. The ex-dividend date is Thursday, December 14th. TriCo Bancshares’s payout ratio is 31.63%.
A number of institutional investors have recently added to or reduced their stakes in TCBK. FMR LLC increased its position in TriCo Bancshares by 45.1% during the second quarter. FMR LLC now owns 697,792 shares of the financial services provider’s stock worth $24,527,000 after buying an additional 216,734 shares in the last quarter. Eagle Asset Management Inc. purchased a new stake in shares of TriCo Bancshares in the second quarter valued at $6,843,000. JPMorgan Chase & Co. grew its position 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 purchasing an additional 153,680 shares during the period. Dimensional Fund Advisors LP grew 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 valued at $45,417,000 after purchasing an additional 37,461 shares during the period. Finally, Vanguard Group Inc. grew its position 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 purchasing an additional 35,343 shares during the period. 68.96% of the stock is owned by institutional investors.
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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