Zacks: Analysts Anticipate TriCo Bancshares (TCBK) to Post $0.70 EPS

Equities analysts expect TriCo Bancshares (NASDAQ:TCBK) to report earnings of $0.70 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for TriCo Bancshares’ earnings. The highest EPS estimate is $0.72 and the lowest is $0.68. TriCo Bancshares reported earnings of $0.47 per share during the same quarter last year, which indicates a positive year over year growth rate of 48.9%. The firm is scheduled to report its next quarterly earnings results on Tuesday, January 29th.

According to Zacks, analysts expect that TriCo Bancshares will report full-year earnings of $2.54 per share for the current fiscal year, with EPS estimates ranging from $2.46 to $2.60. For the next year, analysts expect that the firm will post earnings of $2.96 per share, with EPS estimates ranging from $2.92 to $3.00. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for TriCo Bancshares.

TriCo Bancshares (NASDAQ:TCBK) last released its quarterly earnings results on Monday, October 29th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.53. The business had revenue of $72.68 million during the quarter, compared to the consensus estimate of $72.54 million. TriCo Bancshares had a return on equity of 11.22% and a net margin of 18.77%.

A number of research firms have issued reports on TCBK. Zacks Investment Research upgraded TriCo Bancshares from a “sell” rating to a “hold” rating in a research note on Wednesday. BidaskClub upgraded TriCo Bancshares from a “sell” rating to a “hold” rating in a research note on Tuesday, October 30th. Finally, ValuEngine upgraded TriCo Bancshares from a “sell” rating to a “hold” rating in a research note on Monday, October 29th. Four investment 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 price target of $43.60.

Shares of TriCo Bancshares stock traded down $0.35 during trading hours on Monday, reaching $36.59. 31,747 shares of the stock traded hands, compared to its average volume of 60,778. The company has a market cap of $1.12 billion, a P/E ratio of 17.59, a P/E/G ratio of 2.04 and a beta of 0.80. TriCo Bancshares has a one year low of $33.35 and a one year high of $43.79. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.41.

Several hedge funds have recently bought and sold shares of the company. Crawford Investment Counsel Inc. grew its position in TriCo Bancshares by 4.4% in the 3rd quarter. Crawford Investment Counsel Inc. now owns 110,667 shares of the financial services provider’s stock valued at $4,274,000 after acquiring an additional 4,670 shares during the last quarter. FMR LLC grew its position in TriCo Bancshares by 7.0% in the 3rd quarter. FMR LLC now owns 2,066,828 shares of the financial services provider’s stock valued at $79,821,000 after acquiring an additional 134,374 shares during the last quarter. American International Group Inc. grew its position in TriCo Bancshares by 27.0% in the 3rd quarter. American International Group Inc. now owns 16,933 shares of the financial services provider’s stock valued at $654,000 after acquiring an additional 3,597 shares during the last quarter. BlackRock Inc. grew its position in TriCo Bancshares by 15.1% in the 3rd quarter. BlackRock Inc. now owns 1,823,597 shares of the financial services provider’s stock valued at $70,429,000 after acquiring an additional 239,853 shares during the last quarter. Finally, San Francisco Sentry Investment Group CA bought a new position in TriCo Bancshares in the 3rd quarter valued at $189,000. 53.92% of the stock is currently owned by hedge funds and other institutional investors.

TriCo Bancshares Company Profile

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

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