DA Davidson Reduces Earnings Estimates for TriCo Bancshares

TriCo Bancshares (NASDAQ:TCBK) – Analysts at DA Davidson cut their FY2025 EPS estimates for shares of TriCo Bancshares in a research report issued on Thursday, December 19th. DA Davidson analyst J. Rulis now forecasts that the financial services provider will post earnings per share of $3.40 for the year, down from their previous forecast of $3.45. DA Davidson has a “Neutral” rating and a $53.00 price target on the stock. The consensus estimate for TriCo Bancshares’ current full-year earnings is $3.38 per share.

A number of other brokerages also recently commented on TCBK. Stephens reduced their target price on shares of TriCo Bancshares from $52.00 to $50.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Piper Sandler dropped their target price on TriCo Bancshares from $53.00 to $50.00 and set an “overweight” rating on the stock in a research report on Monday, October 28th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, TriCo Bancshares has a consensus rating of “Hold” and a consensus price target of $48.20.

TriCo Bancshares Trading Down 0.4 %

Shares of NASDAQ:TCBK opened at $43.88 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $1.45 billion, a PE ratio of 13.06 and a beta of 0.56. TriCo Bancshares has a 12-month low of $31.73 and a 12-month high of $51.06. The business’s fifty day simple moving average is $46.40 and its 200-day simple moving average is $43.32.

TriCo Bancshares (NASDAQ:TCBK) last issued its earnings results on Thursday, October 24th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.06. TriCo Bancshares had a net margin of 21.12% and a return on equity of 9.45%. The company had revenue of $133.84 million for the quarter, compared to analysts’ expectations of $98.65 million.

TriCo Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend is Friday, December 6th. TriCo Bancshares’s dividend payout ratio (DPR) is presently 39.29%.

Insider Activity

In other news, Director Cory W. Giese sold 5,100 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $49.47, for a total value of $252,297.00. Following the completion of the sale, the director now directly owns 6,128 shares in the company, valued at approximately $303,152.16. The trade was a 45.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 4.64% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its stake in TriCo Bancshares by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 781,650 shares of the financial services provider’s stock valued at $33,344,000 after purchasing an additional 5,155 shares during the period. Barclays PLC lifted its holdings in TriCo Bancshares by 127.0% in the 3rd quarter. Barclays PLC now owns 57,879 shares of the financial services provider’s stock valued at $2,468,000 after acquiring an additional 32,379 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in TriCo Bancshares in the 3rd quarter worth about $259,000. Stifel Financial Corp raised its position in TriCo Bancshares by 2.2% during the third quarter. Stifel Financial Corp now owns 48,031 shares of the financial services provider’s stock valued at $2,049,000 after buying an additional 1,013 shares during the period. Finally, Point72 DIFC Ltd acquired a new stake in TriCo Bancshares during the third quarter valued at $114,000. 59.11% of the stock is currently owned by institutional investors.

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. The company accepts demand, savings, and time deposits. It also provides small business loans; real estate mortgage loans, such as residential and commercial loans; consumer loans; mortgage, auto, other vehicle, and personal loans; commercial loans, including agricultural loans; and real estate construction loans.