TriCo Bancshares (TCBK) Upgraded to Buy at BidaskClub

BidaskClub upgraded shares of TriCo Bancshares (NASDAQ:TCBK) from a hold rating to a buy rating in a report released on Thursday.

Other research analysts also recently issued research reports about the company. Zacks Investment Research raised TriCo Bancshares from a sell rating to a hold rating in a research note on Wednesday, October 10th. ValuEngine raised TriCo Bancshares from a sell rating to a hold rating in a research note on Monday, October 29th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $43.60.

TriCo Bancshares stock opened at $36.94 on Thursday. TriCo Bancshares has a 1 year low of $33.35 and a 1 year high of $43.79. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.83 and a quick ratio of 0.83. The company has a market capitalization of $1.12 billion, a PE ratio of 17.76, a PEG ratio of 2.08 and a beta of 0.80.

TriCo Bancshares (NASDAQ:TCBK) last released its quarterly earnings data on Monday, October 29th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.53. TriCo Bancshares had a return on equity of 9.80% and a net margin of 18.77%. The company had revenue of $72.68 million during the quarter, compared to the consensus estimate of $72.54 million. On average, sell-side analysts predict that TriCo Bancshares will post 2.54 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new stake in TriCo Bancshares during the 2nd quarter valued at approximately $110,000. First Quadrant L P CA acquired a new stake in TriCo Bancshares during the 3rd quarter valued at approximately $121,000. San Francisco Sentry Investment Group CA acquired a new stake in TriCo Bancshares during the 3rd quarter valued at approximately $189,000. Creative Planning acquired a new stake in TriCo Bancshares during the 3rd quarter valued at approximately $202,000. Finally, D.A. Davidson & CO. acquired a new stake in TriCo Bancshares during the 3rd quarter valued at approximately $202,000. 57.66% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for TriCo Bancshares (NASDAQ:TCBK)

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