TriCo Bancshares Declares Dividend of $0.22 (NASDAQ:TCBK)

TriCo Bancshares (NASDAQ:TCBK) announced a dividend on Tuesday, November 5th, Fidelity reports. Stockholders of record on Friday, December 13th will be given a dividend of 0.22 per share by the financial services provider on Monday, December 30th. The ex-dividend date is Thursday, December 12th.

Shares of NASDAQ:TCBK traded up $0.40 on Tuesday, hitting $39.18. 4,916 shares of the company were exchanged, compared to its average volume of 43,119. TriCo Bancshares has a 1-year low of $31.05 and a 1-year high of $41.31. The stock’s 50 day moving average price is $38.11 and its 200 day moving average price is $37.24. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $1.19 billion, a P/E ratio of 14.55 and a beta of 0.87.

TriCo Bancshares (NASDAQ:TCBK) last posted its quarterly earnings data on Monday, October 28th. The financial services provider reported $0.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.03. TriCo Bancshares had a net margin of 28.45% and a return on equity of 10.70%. The business had revenue of $78.80 million during the quarter, compared to the consensus estimate of $77.91 million. On average, equities analysts predict that TriCo Bancshares will post 2.99 EPS for the current fiscal year.

Several equities research analysts have recently commented on TCBK shares. Zacks Investment Research upgraded shares of TriCo Bancshares from a “sell” rating to a “hold” rating in a research note on Saturday, November 2nd. BidaskClub upgraded shares of TriCo Bancshares from a “sell” rating to a “hold” rating in a research report on Tuesday, October 22nd. ValuEngine upgraded shares of TriCo Bancshares from a “sell” rating to a “hold” rating in a research report on Tuesday, November 19th. Finally, Raymond James decreased their target price on shares of TriCo Bancshares from $42.00 to $41.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $41.50.

In other TriCo Bancshares news, EVP Craig B. Carney sold 5,122 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $36.38, for a total value of $186,338.36. Following the sale, the executive vice president now directly owns 20,896 shares of the company’s stock, valued at approximately $760,196.48. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 10.30% of the company’s stock.

TriCo Bancshares Company Profile

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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Dividend History for TriCo Bancshares (NASDAQ:TCBK)

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