Analysts forecast that TriCo Bancshares (NASDAQ:TCBK) will announce $0.74 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Four analysts have made estimates for TriCo Bancshares’ earnings. The lowest EPS estimate is $0.72 and the highest is $0.75. TriCo Bancshares posted earnings of $0.67 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 10.4%. The company is expected to issue its next earnings report on Thursday, July 25th.
On average, analysts expect that TriCo Bancshares will report full-year earnings of $2.99 per share for the current fiscal year, with EPS estimates ranging from $2.94 to $3.05. For the next fiscal year, analysts expect that the company will post earnings of $3.15 per share, with EPS estimates ranging from $3.00 to $3.22. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for TriCo Bancshares.
TriCo Bancshares (NASDAQ:TCBK) last released its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. TriCo Bancshares had a net margin of 25.94% and a return on equity of 10.37%. The company had revenue of $75.73 million for the quarter, compared to analysts’ expectations of $77.05 million.
TCBK stock traded up $0.03 during midday trading on Monday, reaching $37.10. 33,671 shares of the company were exchanged, compared to its average volume of 72,691. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.12. TriCo Bancshares has a 1-year low of $31.05 and a 1-year high of $41.31. The company’s 50-day moving average price is $37.99. The company has a market capitalization of $1.13 billion, a P/E ratio of 13.79, a price-to-earnings-growth ratio of 1.77 and a beta of 0.85.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a dividend of $0.19 per share. The ex-dividend date was Thursday, June 13th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.05%. TriCo Bancshares’s dividend payout ratio (DPR) is presently 28.25%.
Several institutional investors and hedge funds have recently made changes to their positions in TCBK. FMR LLC grew its position in shares of TriCo Bancshares by 9.9% during the first quarter. FMR LLC now owns 2,461,686 shares of the financial services provider’s stock worth $96,720,000 after acquiring an additional 221,356 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of TriCo Bancshares by 7.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,372,512 shares of the financial services provider’s stock worth $46,377,000 after acquiring an additional 92,775 shares during the last quarter. BlackRock Inc. grew its position in shares of TriCo Bancshares by 3.5% during the fourth quarter. BlackRock Inc. now owns 1,887,967 shares of the financial services provider’s stock worth $63,794,000 after acquiring an additional 64,370 shares during the last quarter. Hennessy Advisors Inc. grew its position in shares of TriCo Bancshares by 147.5% during the first quarter. Hennessy Advisors Inc. now owns 99,000 shares of the financial services provider’s stock worth $3,890,000 after acquiring an additional 59,000 shares during the last quarter. Finally, Millennium Management LLC purchased a new position in shares of TriCo Bancshares during the fourth quarter worth approximately $1,522,000. Institutional investors and hedge funds own 60.71% of the company’s stock.
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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