Wall Street brokerages expect TriCo Bancshares (NASDAQ:TCBK) to announce $78.54 million in sales for the current quarter, according to Zacks. Four analysts have issued estimates for TriCo Bancshares’ earnings. The lowest sales estimate is $78.20 million and the highest is $78.87 million. TriCo Bancshares posted sales of $72.68 million in the same quarter last year, which suggests a positive year-over-year growth rate of 8.1%. The company is expected to announce its next quarterly earnings report on Monday, November 4th.
According to Zacks, analysts expect that TriCo Bancshares will report full-year sales of $311.72 million for the current fiscal year, with estimates ranging from $310.00 million to $312.90 million. For the next fiscal year, analysts forecast that the company will post sales of $326.36 million, with estimates ranging from $322.40 million to $329.56 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover TriCo Bancshares.
TriCo Bancshares (NASDAQ:TCBK) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.02. TriCo Bancshares had a net margin of 26.74% and a return on equity of 10.29%. The business had revenue of $77.89 million for the quarter, compared to analyst estimates of $77.76 million.
In other TriCo Bancshares news, EVP Craig B. Carney sold 5,166 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $37.02, for a total value of $191,245.32. Following the completion of the sale, the executive vice president now owns 26,018 shares of the company’s stock, valued at $963,186.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael W. Koehnen bought 15,000 shares of the stock in a transaction on Wednesday, August 7th. The stock was purchased at an average cost of $35.83 per share, with a total value of $537,450.00. Following the purchase, the director now directly owns 95,732 shares of the company’s stock, valued at approximately $3,430,077.56. The disclosure for this purchase can be found here. 10.30% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the business. Denali Advisors LLC bought a new stake in TriCo Bancshares in the second quarter valued at approximately $38,000. NEXT Financial Group Inc bought a new stake in TriCo Bancshares in the second quarter valued at approximately $138,000. SG Americas Securities LLC bought a new stake in shares of TriCo Bancshares during the first quarter worth $182,000. Legal & General Group Plc increased its position in shares of TriCo Bancshares by 22.7% during the fourth quarter. Legal & General Group Plc now owns 5,011 shares of the financial services provider’s stock worth $169,000 after acquiring an additional 927 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in shares of TriCo Bancshares by 374.6% during the first quarter. BNP Paribas Arbitrage SA now owns 5,311 shares of the financial services provider’s stock worth $209,000 after acquiring an additional 4,192 shares in the last quarter. 60.73% of the stock is owned by hedge funds and other institutional investors.
NASDAQ TCBK traded down $0.25 during trading hours on Friday, hitting $36.35. The company’s stock had a trading volume of 28,857 shares, compared to its average volume of 69,645. The stock has a fifty day moving average of $37.63. TriCo Bancshares has a twelve month low of $31.05 and a twelve month high of $41.31. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 13.51, a P/E/G ratio of 1.76 and a beta of 0.84. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.12.
About TriCo Bancshares
TriCo Bancshares operates as a bank holding company for Tri Counties Bank that provides commercial banking services to individual and corporate customers. It accepts demand, savings, and money market accounts, as well as time deposits. It also provides small business loans; real estate mortgage loans, such as residential and commercial loans; consumer loans; commercial loans, including agricultural loans; and real estate construction loans.
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