TriCo Bancshares (NASDAQ:TCBK) Downgraded by Zacks Investment Research to Hold

TriCo Bancshares stock has undergone multiple analysts rating changes in the recent past.  TriCo Bancshares Downgraded by Zacks Investment Research on 10/30/2021. In a note to investors, the firm issued a new rating of Hold. The analysts previously had rating of Buy.

Shares of TriCo Bancshares traded up $0.34 on Friday, reaching $43.83. 62191 shares of the stock traded hands, compared to its average volume of 71378. Shares of TriCo Bancshares were trading at $43.83 on Friday. The firm’s 50 day moving average is $41.91 and its 200 day moving average is $43.58.TriCo Bancshares has a 12 month low of $43.38 and a 12 month high of $51.66. While on yearly highs and lows, TriCo Bancshares’s today has traded high as $43.92 and has touched $43.38 on the downward trend. See More Analyst Rating at: RATING

TriCo Bancshares Earnings and What to expect: 

TriCo Bancshares last posted its quarterly earnings data on October 25th, 2021. The financial services provider reported $0.92 EPS for the quarter, missing the consensus estimate of $0.93 by $0.01. TriCo Bancshares has generated $2.16 earnings per share over the last year ($3.46 diluted earnings per share) and currently has a price-to-earnings ratio of 12.7. Earnings for TriCo Bancshares are expected to decrease by -3.77% in the coming year, from $3.71 to $3.57 per share. TriCo Bancshares has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Wednesday, January 26th, 2022 based off prior year’s report dates.

Earnings for TriCo Bancshares are expected to decrease by -3.77% in the coming year, from $3.71 to $3.57 per share. The P/E ratio of TriCo Bancshares is 12.67, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 13.79. The P/E ratio of TriCo Bancshares is 12.67, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 13.07. TriCo Bancshares has a P/B Ratio of 1.41. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

TriCo Bancshares (NASDAQ:TCBK) Moving Average Technical Analysis

5 day Moving Average is $43.86 And 5 day price change is -$0.37 (-0.84%)  with average volume for 5 day average is 59,700. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $43.91 and 20 day price change is -$0.48 (-1.08%) and average 20 day moving volume is 52,650. 50 day moving average is $41.91  and 50 day price change is $4.65 ( 11.87%)  and with average volume for 50 days is : 75,682. 200 day moving average is $43.58  and 200 day price change is $3.09 (7.58%)  and with average volume for 200 days is : 84,109.

Other owners latest trading in TriCo Bancshares :

  • On 10/29/2021 shares held by Commonwealth Equity Services LLC were 5,636 which equates to market value of $0.24M and appx 0.00% owners of TriCo Bancshares
  • On 10/28/2021 shares held by WINTON GROUP Ltd were 9,656 which equates to market value of $0.42M and appx 0.00% owners of TriCo Bancshares
  • On 10/27/2021 shares held by State of New Jersey Common Pension Fund D were 67,198 which equates to market value of $2.92M and appx 0.00% owners of TriCo Bancshares
  • In total Institutional ownership equates to Institutional Ownership Percentage: 65.19% for TriCo Bancshares

See More Analyst Rating at: RATING