TriCo Bancshares (TCBK) Earns News Impact Score of 0.10
Media stories about TriCo Bancshares (NASDAQ:TCBK) have been trending somewhat positive this week, Accern Sentiment reports. Accern scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of 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 gave news stories about the financial services provider an impact score of 45.1871313627741 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Shares of TriCo Bancshares (NASDAQ TCBK) opened at $39.13 on Wednesday. TriCo Bancshares has a fifty-two week low of $32.76 and a fifty-two week high of $43.79. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a market capitalization of $899.31, a PE ratio of 18.12, a PEG ratio of 1.65 and a beta of 0.91.
TriCo Bancshares (NASDAQ:TCBK) last posted its 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). TriCo Bancshares had a net margin of 21.87% and a return on equity of 10.17%. The firm had revenue of $57.01 million during the quarter, compared to analysts’ expectations of $56.99 million. analysts anticipate that TriCo Bancshares will post 2.18 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend was Thursday, December 14th. TriCo Bancshares’s payout ratio is currently 31.48%.
A number of brokerages have issued reports on TCBK. BidaskClub downgraded TriCo Bancshares from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 10th. Zacks Investment Research downgraded TriCo Bancshares from a “buy” rating to a “hold” rating in a report on Friday, September 22nd. ValuEngine downgraded TriCo Bancshares from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $45.00 target price on shares of TriCo Bancshares in a report on Friday, December 22nd. Finally, FIG Partners downgraded TriCo Bancshares from an “outperform” rating to a “market perform” rating in a report on Wednesday, December 13th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. TriCo Bancshares currently has an average rating of “Hold” and a consensus price target 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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