Comparing TriCo Bancshares (TCBK) and Its Rivals

TriCo Bancshares (NASDAQ: TCBK) is one of 200 publicly-traded companies in the “Commercial Banks” industry, but how does it compare to its competitors? We will compare TriCo Bancshares to similar companies based on the strength of its risk, profitability, valuation, dividends, institutional ownership, earnings and analyst recommendations.

Risk and Volatility

TriCo Bancshares has a beta of 0.92, meaning that its share price is 8% less volatile than the S&P 500. Comparatively, TriCo Bancshares’ competitors have a beta of 0.74, meaning that their average share price is 26% less volatile than the S&P 500.

Insider and Institutional Ownership

69.6% of TriCo Bancshares shares are held by institutional investors. Comparatively, 46.1% of shares of all “Commercial Banks” companies are held by institutional investors. 9.1% of TriCo Bancshares shares are held by insiders. Comparatively, 11.7% of shares of all “Commercial Banks” companies are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.

Analyst Recommendations

This is a breakdown of recent recommendations and price targets for TriCo Bancshares and its competitors, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
TriCo Bancshares 0 1 1 0 2.50
TriCo Bancshares Competitors 363 2862 2310 68 2.37

TriCo Bancshares currently has a consensus price target of $37.00, suggesting a potential downside of 10.76%. As a group, “Commercial Banks” companies have a potential upside of 6.53%. Given TriCo Bancshares’ competitors higher possible upside, analysts clearly believe TriCo Bancshares has less favorable growth aspects than its competitors.

Dividends

TriCo Bancshares pays an annual dividend of $0.68 per share and has a dividend yield of 1.6%. TriCo Bancshares pays out 31.6% of its earnings in the form of a dividend. As a group, “Commercial Banks” companies pay a dividend yield of 1.9% and pay out 35.3% of their earnings in the form of a dividend.

Valuation & Earnings

This table compares TriCo Bancshares and its competitors top-line revenue, earnings per share (EPS) and valuation.

Gross Revenue NetIncome Price/Earnings Ratio
TriCo Bancshares $218.27 million $44.81 million 19.28
TriCo Bancshares Competitors $341.79 million $72.49 million 20.81

TriCo Bancshares’ competitors have higher revenue and earnings than TriCo Bancshares. TriCo Bancshares is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.

Profitability

This table compares TriCo Bancshares and its competitors’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
TriCo Bancshares 21.87% 10.17% 1.10%
TriCo Bancshares Competitors 20.39% 8.67% 0.92%

Summary

TriCo Bancshares beats its competitors on 8 of the 15 factors compared.

TriCo Bancshares Company Profile

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. As of December 31, 2016, the Bank was engaged in the general commercial banking business in 26 counties in Northern and Central California. The Bank operated from 58 traditional branches and 10 in-store branches, as of December 31, 2016. The Bank conducts a commercial banking business, including accepting demand, savings and time deposits and making commercial, real estate, and consumer loans. It also offers installment note collection, issues cashier’s checks, sells travelers checks and provides safe deposit boxes and other customary banking services.

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