Will earnings report, end it’s winning streak? TriCo Bancshares (NASDAQ:TCBK)

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Earnings results for TriCo Bancshares (NASDAQ:TCBK)

TriCo Bancshares is estimated to report earnings on 10/26/2020. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 5 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.59. The reported EPS for the same quarter last year was $0.76.

TriCo Bancshares last posted its quarterly earnings results on July 28th, 2020. The financial services provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.47 by $0.22. The business had revenue of $76.32 million for the quarter, compared to analysts’ expectations of $76.50 million. TriCo Bancshares has generated $3.00 earnings per share over the last year and currently has a price-to-earnings ratio of 13.3. TriCo Bancshares has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Monday, October 26th, 2020 based off prior year’s report dates.

Analyst Opinion on TriCo Bancshares (NASDAQ:TCBK)

3 Wall Street analysts have issued ratings and price targets for TriCo Bancshares in the last 12 months. Their average twelve-month price target is $36.00, predicting that the stock has a possible upside of 18.38%. The high price target for TCBK is $44.00 and the low price target for TCBK is $29.00. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus rating of “Hold.”

TriCo Bancshares has received a consensus rating of Hold. The company’s average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings. According to analysts’ consensus price target of $36.00, TriCo Bancshares has a forecasted upside of 18.4% from its current price of $30.41. TriCo Bancshares has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: TriCo Bancshares (NASDAQ:TCBK)

TriCo Bancshares pays a meaningful dividend of 2.89%, higher than the bottom 25% of all stocks that pay dividends. TriCo Bancshares has only been increasing its dividend for 3 years. The dividend payout ratio of TriCo Bancshares is 29.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TriCo Bancshares will have a dividend payout ratio of 39.64% next year. This indicates that TriCo Bancshares will be able to sustain or increase its dividend.

Insiders buying/selling: TriCo Bancshares (NASDAQ:TCBK)

In the past three months, TriCo Bancshares insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $566,000.00 in company stock. Only 9.65% of the stock of TriCo Bancshares is held by insiders. 64.97% of the stock of TriCo Bancshares is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of TriCo Bancshares (NASDAQ:TCBK

Earnings for TriCo Bancshares are expected to grow by 6.22% in the coming year, from $2.09 to $2.22 per share. The P/E ratio of TriCo Bancshares is 13.28, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 19.68. The P/E ratio of TriCo Bancshares is 13.28, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 18.40. TriCo Bancshares has a P/B Ratio of 1.02. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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