TriCo Bancshares (TCBK) Earning Very Positive News Coverage, Study Finds

Press coverage about TriCo Bancshares (NASDAQ:TCBK) has been trending very positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. TriCo Bancshares earned a daily sentiment score of 0.69 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 0 out of 100, meaning that recent media coverage is extremely unlikely to have an impact on the company’s share price in the next several days.

Several equities analysts have weighed in on the company. ValuEngine raised TriCo Bancshares from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. FBR & Co reaffirmed a “hold” rating and set a $37.00 target price on shares of TriCo Bancshares in a research report on Monday, May 1st. Finally, Zacks Investment Research cut TriCo Bancshares from a “buy” rating to a “hold” rating in a research report on Tuesday, May 30th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $35.00.

TriCo Bancshares (NASDAQ TCBK) opened at 35.22 on Wednesday. The company has a 50 day moving average price of $35.35 and a 200-day moving average price of $35.22. TriCo Bancshares has a 52 week low of $23.90 and a 52 week high of $37.98. The firm has a market capitalization of $805.59 million, a price-to-earnings ratio of 17.61 and a beta of 0.88.

TriCo Bancshares (NASDAQ:TCBK) last posted its quarterly earnings results on Thursday, April 27th. The financial services provider reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.03. TriCo Bancshares had a return on equity of 9.63% and a net margin of 20.92%. The firm had revenue of $53.70 million during the quarter, compared to analyst estimates of $56.11 million. Equities analysts predict that TriCo Bancshares will post $2.09 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Thursday, June 15th were issued a $0.17 dividend. This is a positive change from TriCo Bancshares’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date was Tuesday, June 13th. TriCo Bancshares’s dividend payout ratio (DPR) is presently 34.00%.

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About TriCo Bancshares

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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