Brokerages predict that TriCo Bancshares (NASDAQ:TCBK) will post earnings of $0.74 per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for TriCo Bancshares’ earnings. The highest EPS estimate is $0.75 and the lowest is $0.72. TriCo Bancshares posted earnings of $0.53 per share in the same quarter last year, which suggests a positive year over year growth rate of 39.6%. The business is scheduled to report its next quarterly earnings results on Monday, November 4th.
On average, analysts expect that TriCo Bancshares will report full year earnings of $2.99 per share for the current fiscal year, with EPS estimates ranging from $2.95 to $3.05. For the next financial year, analysts expect that the firm will post earnings of $3.11 per share, with EPS estimates ranging from $3.05 to $3.22. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for TriCo Bancshares.
TriCo Bancshares (NASDAQ:TCBK) last announced its earnings results on Thursday, July 25th. The financial services provider reported $0.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.02. TriCo Bancshares had a return on equity of 10.29% and a net margin of 26.74%. The business had revenue of $77.89 million for the quarter, compared to analysts’ expectations of $77.76 million.
In other TriCo Bancshares news, Director Michael W. Koehnen purchased 15,000 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were purchased at an average cost of $35.83 per share, with a total value of $537,450.00. Following the completion of the purchase, the director now owns 95,732 shares in the company, valued at $3,430,077.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Craig B. Carney sold 5,166 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $37.02, for a total value of $191,245.32. Following the completion of the transaction, the executive vice president now directly owns 26,018 shares in the company, valued at $963,186.36. The disclosure for this sale can be found here. 10.30% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of the company. FMR LLC raised its holdings in shares of TriCo Bancshares by 9.9% in the first quarter. FMR LLC now owns 2,461,686 shares of the financial services provider’s stock worth $96,720,000 after buying an additional 221,356 shares during the period. Hennessy Advisors Inc. increased its position in shares of TriCo Bancshares by 147.5% during the first quarter. Hennessy Advisors Inc. now owns 99,000 shares of the financial services provider’s stock worth $3,890,000 after acquiring an additional 59,000 shares during the period. Millennium Management LLC purchased a new stake in shares of TriCo Bancshares during the fourth quarter worth $1,522,000. Martingale Asset Management L P increased its position in shares of TriCo Bancshares by 57.8% during the first quarter. Martingale Asset Management L P now owns 113,809 shares of the financial services provider’s stock worth $4,473,000 after acquiring an additional 41,700 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of TriCo Bancshares by 8.1% during the fourth quarter. Geode Capital Management LLC now owns 313,247 shares of the financial services provider’s stock worth $10,584,000 after acquiring an additional 23,413 shares during the period. 60.73% of the stock is currently owned by institutional investors.
TCBK stock traded down $0.12 during trading on Wednesday, hitting $36.60. The company had a trading volume of 64,284 shares, compared to its average volume of 64,649. The stock has a 50-day moving average price of $37.63. TriCo Bancshares has a one year low of $31.05 and a one year high of $41.31. The firm has a market cap of $1.10 billion, a PE ratio of 12.95, a PEG ratio of 1.72 and a beta of 0.84. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.80 and a current ratio of 0.80.
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. It accepts demand, savings, and money market accounts, as well as time deposits. It also provides small business loans; real estate mortgage loans, such as residential and commercial loans; consumer loans; commercial loans, including agricultural loans; and real estate construction loans.
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