TriCo Bancshares (NASDAQ:TCBK – Get Free Report) issued its quarterly earnings results on Thursday. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.06, Zacks reports. TriCo Bancshares had a return on equity of 9.93% and a net margin of 21.63%. The company had revenue of $133.84 million for the quarter, compared to analyst estimates of $98.65 million.
TriCo Bancshares Stock Down 4.0 %
Shares of TCBK opened at $42.22 on Friday. The company has a market capitalization of $1.40 billion, a PE ratio of 12.87 and a beta of 0.54. TriCo Bancshares has a 12 month low of $30.21 and a 12 month high of $48.80. The stock’s 50-day moving average price is $43.30 and its two-hundred day moving average price is $40.35. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.30.
TriCo Bancshares Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 6th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend was Friday, September 6th. TriCo Bancshares’s payout ratio is presently 40.24%.
Wall Street Analyst Weigh In
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Insider Activity
In other news, Director Michael W. Koehnen sold 1,400 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $45.20, for a total value of $63,280.00. Following the transaction, the director now directly owns 3,000 shares of the company’s stock, valued at $135,600. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Michael W. Koehnen sold 1,400 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $45.20, for a total value of $63,280.00. Following the transaction, the director now directly owns 3,000 shares of the company’s stock, valued at $135,600. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Cory W. Giese sold 3,465 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $43.11, for a total value of $149,376.15. Following the completion of the transaction, the director now directly owns 11,228 shares in the company, valued at $484,039.08. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.64% of the stock is owned by company insiders.
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. The company accepts demand, savings, and time deposits. It also provides small business loans; real estate mortgage loans, such as residential and commercial loans; consumer loans; mortgage, auto, other vehicle, and personal loans; commercial loans, including agricultural loans; and real estate construction loans.
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