Media stories about TriCo Bancshares (NASDAQ:TCBK) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. TriCo Bancshares earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 45.4137083556133 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of TCBK opened at $37.22 on Monday. TriCo Bancshares has a 1 year low of $32.82 and a 1 year high of $43.79. The firm has a market cap of $854.42, a PE ratio of 17.89, a PEG ratio of 1.45 and a beta of 0.85. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.80 and a quick ratio of 0.80.
TriCo Bancshares (NASDAQ:TCBK) last posted its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.08). The company had revenue of $57.57 million during the quarter, compared to analyst estimates of $58.45 million. TriCo Bancshares had a return on equity of 9.70% and a net margin of 17.52%. analysts anticipate that TriCo Bancshares will post 2.57 earnings per share for the current year.
TCBK has been the subject of several analyst reports. ValuEngine raised shares of TriCo Bancshares from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $43.00 price target on shares of TriCo Bancshares in a report on Thursday, December 14th. Zacks Investment Research downgraded shares of TriCo Bancshares from a “buy” rating to a “hold” rating in a report on Wednesday, February 14th. FIG Partners downgraded shares of TriCo Bancshares from an “outperform” rating to a “market perform” rating in a report on Wednesday, December 13th. Finally, BidaskClub raised shares of TriCo Bancshares from a “sell” rating to a “hold” rating in a report on Tuesday, March 6th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $42.25.
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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.
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