TriCo Bancshares (TCBK) Expected to Post Quarterly Sales of $77.05 Million
Equities analysts expect TriCo Bancshares (NASDAQ:TCBK) to announce $77.05 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for TriCo Bancshares’ earnings, with estimates ranging from $76.00 million to $77.94 million. TriCo Bancshares posted sales of $57.28 million in the same quarter last year, which would indicate a positive year over year growth rate of 34.5%. The firm is expected to report its next quarterly earnings results on Thursday, April 25th.
On average, analysts expect that TriCo Bancshares will report full year sales of $313.12 million for the current fiscal year, with estimates ranging from $309.50 million to $314.97 million. For the next year, analysts anticipate that the firm will report sales of $327.89 million, with estimates ranging from $322.60 million to $331.40 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover TriCo Bancshares.
TriCo Bancshares (NASDAQ:TCBK) last released its quarterly earnings data on Tuesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.06. TriCo Bancshares had a return on equity of 10.47% and a net margin of 24.62%. The business had revenue of $76.64 million during the quarter, compared to analysts’ expectations of $73.92 million.
In other news, Director W Virginia Walker sold 3,632 shares of the firm’s stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $37.62, for a total value of $136,635.84. Following the completion of the transaction, the director now owns 10,078 shares in the company, valued at approximately $379,134.36. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 14.20% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quantamental Technologies LLC bought a new position in TriCo Bancshares during the 4th quarter valued at approximately $27,000. Creative Financial Designs Inc. ADV increased its position in TriCo Bancshares by 683.9% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 1,654 shares of the financial services provider’s stock valued at $56,000 after buying an additional 1,443 shares in the last quarter. MUFG Securities EMEA plc bought a new position in TriCo Bancshares during the 4th quarter valued at approximately $88,000. Acadian Asset Management LLC bought a new position in TriCo Bancshares during the 4th quarter valued at approximately $114,000. Finally, NEXT Financial Group Inc bought a new position in TriCo Bancshares during the 4th quarter valued at approximately $123,000. Institutional investors own 60.91% of the company’s stock.
NASDAQ TCBK traded down $0.55 on Wednesday, hitting $39.17. The company’s stock had a trading volume of 44,893 shares, compared to its average volume of 79,805. TriCo Bancshares has a 52-week low of $31.05 and a 52-week high of $40.59. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a market cap of $1.19 billion, a P/E ratio of 14.56, a price-to-earnings-growth ratio of 1.88 and a beta of 0.87.
The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend was Thursday, March 14th. TriCo Bancshares’s payout ratio is presently 28.25%.
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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