Equities research analysts expect that TriCo Bancshares (NASDAQ:TCBK) will announce sales of $77.05 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for TriCo Bancshares’ earnings, with estimates ranging from $76.00 million to $77.94 million. TriCo Bancshares reported sales of $57.28 million during the same quarter last year, which indicates a positive year-over-year growth rate of 34.5%. The firm is expected to issue its next quarterly earnings results on Thursday, April 25th.
On average, analysts expect that TriCo Bancshares will report full year sales of $313.12 million for the current fiscal year, with estimates ranging from $309.50 million to $314.97 million. For the next fiscal year, analysts expect that the business will post sales of $327.89 million, with estimates ranging from $322.60 million to $331.40 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for TriCo Bancshares.
TriCo Bancshares (NASDAQ:TCBK) last released its quarterly earnings data on Tuesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.06. TriCo Bancshares had a return on equity of 10.47% and a net margin of 24.62%. The business had revenue of $76.64 million for the quarter, compared to analysts’ expectations of $73.92 million.
Shares of NASDAQ:TCBK traded up $0.04 during trading on Monday, hitting $39.29. 101,062 shares of the company’s stock traded hands, compared to its average volume of 88,512. TriCo Bancshares has a 52 week low of $31.05 and a 52 week high of $40.59. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.79 and a quick ratio of 0.79. The stock has a market capitalization of $1.19 billion, a PE ratio of 14.61, a price-to-earnings-growth ratio of 1.89 and a beta of 0.87.
The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend was Thursday, March 14th. TriCo Bancshares’s payout ratio is 28.25%.
In other TriCo Bancshares news, Director W Virginia Walker sold 3,632 shares of the business’s stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $37.62, for a total value of $136,635.84. Following the sale, the director now owns 10,078 shares in the company, valued at approximately $379,134.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 14.20% of the company’s stock.
Several large investors have recently bought and sold shares of TCBK. Quantamental Technologies LLC acquired a new position in shares of TriCo Bancshares during the 4th quarter worth approximately $27,000. Creative Financial Designs Inc. ADV increased its position in shares of TriCo Bancshares by 683.9% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 1,654 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 1,443 shares during the last quarter. MUFG Securities EMEA plc acquired a new position in shares of TriCo Bancshares during the 4th quarter worth approximately $88,000. Acadian Asset Management LLC acquired a new position in shares of TriCo Bancshares during the 4th quarter worth approximately $114,000. Finally, NEXT Financial Group Inc acquired a new position in shares of TriCo Bancshares during the 4th quarter worth approximately $123,000. 60.06% of the stock is currently owned by hedge funds and other institutional investors.
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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