TriCo Bancshares (TCBK) Getting Somewhat Positive Media Coverage, Report Shows

Media stories about TriCo Bancshares (NASDAQ:TCBK) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. TriCo Bancshares earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 46.720692779597 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Several analysts recently commented on the stock. Zacks Investment Research upgraded shares of TriCo Bancshares from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research report on Thursday, November 2nd. BidaskClub lowered shares of TriCo Bancshares from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. TriCo Bancshares currently has a consensus rating of “Hold” and a consensus target price of $41.50.

Shares of TriCo Bancshares (TCBK) opened at $41.82 on Friday. TriCo Bancshares has a 52-week low of $32.66 and a 52-week high of $43.79. The stock has a market cap of $963.54, a PE ratio of 19.53, a PEG ratio of 1.92 and a beta of 0.90. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.79 and a quick ratio of 0.79.

TriCo Bancshares (NASDAQ:TCBK) last announced its earnings results on Tuesday, October 31st. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.03). TriCo Bancshares had a net margin of 21.87% and a return on equity of 10.17%. The company had revenue of $57.01 million during the quarter, compared to analyst estimates of $56.99 million. sell-side analysts forecast that TriCo Bancshares will post 2.19 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a $0.17 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.68 annualized dividend and a dividend yield of 1.63%. TriCo Bancshares’s dividend payout ratio (DPR) is 31.63%.

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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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