TriCo Bancshares (NASDAQ:TCBK) – Research analysts at DA Davidson upped their Q2 2018 earnings per share estimates for TriCo Bancshares in a research report issued to clients and investors on Wednesday. DA Davidson analyst J. Rulis now anticipates that the financial services provider will post earnings per share of $0.61 for the quarter, up from their previous forecast of $0.59. DA Davidson also issued estimates for TriCo Bancshares’ Q3 2018 earnings at $0.60 EPS, Q4 2018 earnings at $0.61 EPS, FY2018 earnings at $2.39 EPS and FY2019 earnings at $2.70 EPS.

TriCo Bancshares (NASDAQ:TCBK) last posted its earnings results on Tuesday, October 31st. The financial services provider reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.03). The company had revenue of $57.01 million during the quarter, compared to the consensus estimate of $56.99 million. TriCo Bancshares had a return on equity of 10.17% and a net margin of 21.87%.

A number of other research firms have also recently commented on TCBK. Zacks Investment Research cut shares of TriCo Bancshares from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. FIG Partners cut shares of TriCo Bancshares from an “outperform” rating to a “market perform” rating in a report on Wednesday. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $43.00 target price on shares of TriCo Bancshares in a report on Thursday. Finally, BidaskClub cut shares of TriCo Bancshares from a “hold” rating to a “sell” rating in a report on Friday. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $42.00.

TriCo Bancshares (NASDAQ TCBK) traded up $0.94 during mid-day trading on Friday, hitting $39.73. 331,044 shares of the stock were exchanged, compared to its average volume of 85,102. The company has a market capitalization of $933.55, a PE ratio of 18.04, a P/E/G ratio of 1.78 and a beta of 0.90. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.79 and a quick ratio of 0.79. TriCo Bancshares has a 52-week low of $32.66 and a 52-week high of $43.79.

A number of hedge funds and other institutional investors have recently modified their holdings of TCBK. FMR LLC grew its stake in shares of TriCo Bancshares by 45.1% in the second quarter. FMR LLC now owns 697,792 shares of the financial services provider’s stock worth $24,527,000 after acquiring an additional 216,734 shares during the last quarter. Eagle Asset Management Inc. purchased a new stake in shares of TriCo Bancshares in the second quarter worth $6,843,000. JPMorgan Chase & Co. grew its stake in shares of TriCo Bancshares by 39.2% in the third quarter. JPMorgan Chase & Co. now owns 546,175 shares of the financial services provider’s stock worth $22,004,000 after acquiring an additional 153,680 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of TriCo Bancshares by 5.6% in the first quarter. Vanguard Group Inc. now owns 837,658 shares of the financial services provider’s stock worth $29,762,000 after acquiring an additional 44,746 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of TriCo Bancshares by 3.5% in the third quarter. Dimensional Fund Advisors LP now owns 1,114,530 shares of the financial services provider’s stock worth $45,417,000 after acquiring an additional 37,461 shares during the last quarter. Institutional investors and hedge funds own 69.93% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.68 dividend on an annualized basis and a yield of 1.71%. TriCo Bancshares’s dividend payout ratio (DPR) is presently 31.48%.

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TriCo Bancshares Company Profile

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.

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

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