TriCo Bancshares (TCBK) Set to Announce Earnings on Wednesday
TriCo Bancshares (NASDAQ:TCBK) will be posting its quarterly earnings results after the market closes on Wednesday, November 8th. Analysts expect TriCo Bancshares to post earnings of $0.54 per share for the quarter.
TriCo Bancshares (NASDAQ:TCBK) last released its quarterly earnings results on Tuesday, October 31st. The financial services provider reported $0.51 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.03). The company had revenue of $57.01 million for the quarter, compared to analyst estimates of $56.99 million. TriCo Bancshares had a return on equity of 10.27% and a net margin of 21.87%. On average, analysts expect TriCo Bancshares to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
TriCo Bancshares (NASDAQ:TCBK) opened at $41.01 on Tuesday. The company has a market capitalization of $943.81, a P/E ratio of 19.14, a P/E/G ratio of 1.88 and a beta of 0.92. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.16. TriCo Bancshares has a 52-week low of $25.61 and a 52-week high of $43.22.
In other TriCo Bancshares news, EVP Craig B. Carney sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $36.00, for a total value of $180,000.00. Following the transaction, the executive vice president now directly owns 18,294 shares of the company’s stock, valued at approximately $658,584. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 9.10% of the company’s stock.
Several equities analysts recently commented on the company. Zacks Investment Research raised TriCo Bancshares from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research report on Thursday, November 2nd. BidaskClub raised TriCo Bancshares from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. TriCo Bancshares has a consensus rating of “Hold” and an average price target of $41.50.
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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