Wall Street brokerages forecast that TriCo Bancshares (NASDAQ:TCBK) will report $72.54 million in sales for the current quarter, Zacks reports. Three analysts have provided estimates for TriCo Bancshares’ earnings, with the lowest sales estimate coming in at $71.47 million and the highest estimate coming in at $74.16 million. TriCo Bancshares reported sales of $57.01 million in the same quarter last year, which indicates a positive year-over-year growth rate of 27.2%. The business is expected to issue its next earnings report on Monday, October 29th.

According to Zacks, analysts expect that TriCo Bancshares will report full year sales of $261.29 million for the current fiscal year, with estimates ranging from $258.63 million to $264.73 million. For the next year, analysts forecast that the firm will post sales of $307.47 million, with estimates ranging from $305.40 million to $311.21 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover TriCo Bancshares.

TriCo Bancshares (NASDAQ:TCBK) last issued its quarterly earnings data on Thursday, July 26th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.03. The business had revenue of $58.04 million during the quarter, compared to analyst estimates of $60.99 million. TriCo Bancshares had a net margin of 18.39% and a return on equity of 10.38%.

TCBK has been the subject of several analyst reports. BidaskClub lowered shares of TriCo Bancshares from a “hold” rating to a “sell” rating in a report on Wednesday, August 29th. ValuEngine lowered shares of TriCo Bancshares from a “hold” rating to a “sell” rating in a report on Friday. Finally, Zacks Investment Research upgraded shares of TriCo Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday, October 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $43.60.

NASDAQ TCBK traded up $0.02 during trading hours on Friday, reaching $35.63. The company’s stock had a trading volume of 917 shares, compared to its average volume of 80,873. The firm has a market cap of $1.17 billion, a PE ratio of 17.12, a price-to-earnings-growth ratio of 1.51 and a beta of 0.82. TriCo Bancshares has a 52 week low of $34.50 and a 52 week high of $43.79. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.81 and a quick ratio of 0.81.

The company also recently declared a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 14th were issued a dividend of $0.17 per share. The ex-dividend date was Thursday, September 13th. This represents a $0.68 annualized dividend and a yield of 1.91%. TriCo Bancshares’s payout ratio is 32.69%.

A number of institutional investors have recently added to or reduced their stakes in TCBK. Wells Fargo & Company MN raised its holdings in TriCo Bancshares by 2.8% during the 1st quarter. Wells Fargo & Company MN now owns 55,243 shares of the financial services provider’s stock worth $2,055,000 after purchasing an additional 1,505 shares during the last quarter. Swiss National Bank grew its position in shares of TriCo Bancshares by 6.5% during the 1st quarter. Swiss National Bank now owns 36,000 shares of the financial services provider’s stock worth $1,340,000 after buying an additional 2,200 shares during the period. Schwab Charles Investment Management Inc. grew its position in shares of TriCo Bancshares by 3.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 107,144 shares of the financial services provider’s stock worth $3,988,000 after buying an additional 3,144 shares during the period. Northern Trust Corp grew its position in shares of TriCo Bancshares by 0.5% during the 1st quarter. Northern Trust Corp now owns 570,295 shares of the financial services provider’s stock worth $21,226,000 after buying an additional 2,659 shares during the period. Finally, BlackRock Inc. grew its position in shares of TriCo Bancshares by 1.9% during the 1st quarter. BlackRock Inc. now owns 1,514,474 shares of the financial services provider’s stock worth $56,368,000 after buying an additional 28,670 shares during the period. Hedge funds and other institutional investors own 53.74% of the company’s stock.

TriCo Bancshares Company Profile

TriCo Bancshares operates as a bank holding company for Tri Counties Bank that provides commercial banking services to retail customers and small to medium-sized businesses. It accepts demand, savings, and money market accounts, as well as time deposits; and provides residential and commercial real estate mortgage, consumer, commercial, agricultural, and real estate construction loans.

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Earnings History and Estimates for TriCo Bancshares (NASDAQ:TCBK)

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