TriCo Bancshares (NASDAQ:TCBK) Expected to Earn Q2 2021 Earnings of $0.96 Per Share

TriCo Bancshares (NASDAQ:TCBK) – Research analysts at DA Davidson issued their Q2 2021 earnings per share estimates for shares of TriCo Bancshares in a research report issued on Thursday, April 29th. DA Davidson analyst J. Rulis anticipates that the financial services provider will post earnings per share of $0.96 for the quarter. DA Davidson also issued estimates for TriCo Bancshares’ FY2021 earnings at $3.75 EPS.

TriCo Bancshares (NASDAQ:TCBK) last issued its quarterly earnings data on Tuesday, April 27th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.32. TriCo Bancshares had a net margin of 20.03% and a return on equity of 7.19%.

Shares of TCBK opened at $46.99 on Monday. TriCo Bancshares has a 12 month low of $23.05 and a 12 month high of $51.66. The firm’s 50 day moving average is $47.56 and its 200-day moving average is $39.61. The stock has a market capitalization of $1.40 billion, a PE ratio of 22.17 and a beta of 0.72. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.09.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 26th. Stockholders of record on Friday, March 12th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, March 11th. This is a boost from TriCo Bancshares’s previous quarterly dividend of $0.22. This represents a $1.00 annualized dividend and a dividend yield of 2.13%. TriCo Bancshares’s dividend payout ratio (DPR) is currently 33.33%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its stake in TriCo Bancshares by 2.3% in the fourth quarter. BlackRock Inc. now owns 2,100,511 shares of the financial services provider’s stock valued at $74,106,000 after acquiring an additional 48,098 shares during the last quarter. Alliancebernstein L.P. increased its stake in TriCo Bancshares by 15.2% in the fourth quarter. Alliancebernstein L.P. now owns 949,408 shares of the financial services provider’s stock valued at $33,495,000 after acquiring an additional 125,070 shares during the last quarter. RMB Capital Management LLC increased its stake in TriCo Bancshares by 5.2% in the fourth quarter. RMB Capital Management LLC now owns 222,862 shares of the financial services provider’s stock valued at $7,863,000 after acquiring an additional 11,004 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in TriCo Bancshares by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 176,710 shares of the financial services provider’s stock valued at $6,235,000 after acquiring an additional 799 shares during the last quarter. Finally, MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income increased its stake in TriCo Bancshares by 13.6% in the first quarter. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income now owns 175,199 shares of the financial services provider’s stock valued at $8,299,000 after acquiring an additional 20,980 shares during the last quarter. 61.18% of the stock is currently owned by institutional investors.

About TriCo Bancshares

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; commercial loans, including agricultural loans; and real estate construction loans.

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Earnings History and Estimates for TriCo Bancshares (NASDAQ:TCBK)

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