Somewhat Positive Press Coverage Somewhat Unlikely to Affect TriCo Bancshares (TCBK) Share Price

Media headlines about TriCo Bancshares (NASDAQ:TCBK) have been trending somewhat positive this week, according to Accern. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. TriCo Bancshares earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 45.8943615645841 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

TriCo Bancshares (NASDAQ TCBK) opened at $38.51 on Thursday. The firm has a market cap of $892.42, a P/E ratio of 17.83, 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 company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.31.

TriCo Bancshares (NASDAQ:TCBK) last released its quarterly earnings results on Tuesday, October 31st. The financial services provider reported $0.51 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.03). The company 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%. sell-side analysts expect that TriCo Bancshares will post 2.18 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Thursday, December 14th. TriCo Bancshares’s dividend payout ratio (DPR) is presently 31.48%.

A number of brokerages recently issued reports on TCBK. Zacks Investment Research cut shares of TriCo Bancshares from a “buy” rating to a “hold” rating in a report on Friday, September 22nd. Keefe, Bruyette & Woods restated a “hold” rating and set a $45.00 price objective on shares of TriCo Bancshares in a report on Friday, December 22nd. BidaskClub cut shares of TriCo Bancshares from a “hold” rating to a “sell” rating in a report on Friday, December 15th. Finally, FIG Partners cut shares of TriCo Bancshares from an “outperform” rating to a “market perform” rating in a report on Wednesday, December 13th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. TriCo Bancshares presently has a consensus rating of “Hold” and a consensus target price of $42.67.

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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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