Equities research analysts expect TriCo Bancshares (NASDAQ:TCBK) to announce sales of $73.58 million for the current quarter, according to Zacks. Three analysts have provided estimates for TriCo Bancshares’ earnings. The highest sales estimate is $74.95 million and the lowest is $72.60 million. TriCo Bancshares posted sales of $57.57 million in the same quarter last year, which suggests a positive year over year growth rate of 27.8%. The business is expected to issue its next quarterly earnings results on Tuesday, January 29th.
On average, analysts expect that TriCo Bancshares will report full year sales of $260.81 million for the current financial year, with estimates ranging from $258.63 million to $263.31 million. For the next financial year, analysts anticipate that the firm will report sales of $305.91 million, with estimates ranging from $305.40 million to $306.51 million. Zacks’ sales averages are an average based on a survey of analysts that cover TriCo Bancshares.
TriCo Bancshares (NASDAQ:TCBK) last posted its quarterly earnings data on Monday, October 29th. The financial services provider reported $0.53 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.53. TriCo Bancshares had a net margin of 18.77% and a return on equity of 11.22%. The company had revenue of $72.68 million for the quarter, compared to analyst estimates of $72.54 million.
Several research analysts recently issued reports on TCBK shares. BidaskClub lowered shares of TriCo Bancshares from a “hold” rating to a “sell” rating in a research note on Wednesday, August 29th. Zacks Investment Research raised shares of TriCo Bancshares from a “sell” rating to a “hold” rating in a research note on Wednesday, October 10th. Finally, ValuEngine lowered shares of TriCo Bancshares from a “hold” rating to a “sell” rating in a research note on Friday, October 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $43.60.
Several institutional investors have recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. bought a new position in shares of TriCo Bancshares in the third quarter valued at $1,842,000. Creative Planning bought a new position in shares of TriCo Bancshares in the third quarter valued at $202,000. First Trust Advisors LP lifted its stake in shares of TriCo Bancshares by 35.5% in the third quarter. First Trust Advisors LP now owns 43,994 shares of the financial services provider’s stock valued at $1,699,000 after buying an additional 11,527 shares in the last quarter. First Quadrant L P CA bought a new position in shares of TriCo Bancshares in the third quarter valued at $121,000. Finally, Bank of Montreal Can lifted its stake in shares of TriCo Bancshares by 26.3% in the third quarter. Bank of Montreal Can now owns 69,746 shares of the financial services provider’s stock valued at $2,694,000 after buying an additional 14,531 shares in the last quarter. 53.92% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:TCBK opened at $36.72 on Wednesday. The firm has a market capitalization of $1.12 billion, a PE ratio of 17.65, a PEG ratio of 2.08 and a beta of 0.80. TriCo Bancshares has a 52 week low of $33.35 and a 52 week high of $43.79. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.81 and a current ratio of 0.81.
About TriCo Bancshares
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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