TriCo Stock (NASDAQ:TCBK), Trade Ideas

TriCo

TriCo Bancshares is a California corporation organized to act as a bank holding company for Tri Counties Bank. The Bank is a California-chartered bank that is engaged in the general commercial and retail banking business in California counties. The Bank provides a breadth of personal, small business, and commercial financial services including accepting demand, savings and time deposits and making small business, commercial, real estate, and consumer loans, as well as a range of Treasury Management Services and other customary banking services including safe deposit boxes at some branches. The company's primary source of revenue is the net interest income.

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TriCo Bancshares

TriCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCBK#NASDAQ">TCBK</a>) reported quarterly earnings of $0.83 per share which beat the analyst consensus estimate of $0.80 by 3.75 percent. This is a 22.43 percent decrease over earnings of $1.07 per share from the same period last year. The company reported quarterly sales of $98.507 million which missed the analyst consensus estimate of $100.039 million by 1.53 percent. This is a 7.91 percent decrease over sales of $106.971 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

TCBK

TriCo Q1 2024 GAAP EPS $0.83 Beats $0.80 Estimate, Sales $98.507M Miss $100.039M Estimate

Dividends

TriCo Bancshares Increases Quarterly Dividend From $0.30 To $0.33/Share

DA Davidson analyst Jeff Rulis maintains TriCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCBK#NASDAQ">TCBK</a>) with a Buy and lowers the price target from $49 to $45.

Price Target

Analyst Ratings

DA Davidson Maintains Buy on TriCo, Lowers Price Target to $45

Keefe, Bruyette &amp; Woods has decided to maintain its Market Perform rating of TriCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCBK#NASDAQ">TCBK</a>) and lower its price target from $44.00 to $42.00.
Shares of TriCo are trading up 0.0% over the last 24 hours, at $38.27 per share.
A move to $42.00 would account for a 9.75% increase from the current share price.
<h3>About TriCo</h3>
TriCo Bancshares is a California corporation organized to act as a bank holding company for Tri Counties Bank. The Bank is a California-chartered bank that is engaged in the general commercial and retail banking business in California counties. The Bank provides a breadth of personal, small business and commercial financial services including accepting demand, savings and time deposits and making small business, commercial, real estate, and consumer loans, as well as a range of Treasury Management Services and other customary banking services including safe deposit boxes at some branches. The company's primary source of revenue is the net interest income.
<h3>About Analyst Ratings</h3>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Keefe, Bruyette & Woods Maintains Market Perform Rating for TriCo: Here's What You Need To Know

Keefe, Bruyette &amp; Woods analyst Kelly Motta maintains TriCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCBK#NASDAQ">TCBK</a>) with a Market Perform and lowers the price target from $44 to $42.

Keefe, Bruyette & Woods Maintains Market Perform on TriCo, Lowers Price Target to $42-Report Released on 25 January 2024

Raymond James analyst David Feaster maintains TriCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCBK#NASDAQ">TCBK</a>) with a Outperform and raises the price target from $36 to $40.

Raymond James Maintains Outperform on TriCo, Raises Price Target to $40

Wednesday marks the last chance for investors to receive the next dividend payout from TriCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCBK#NASDAQ">TCBK</a>). 
<h3>What's Happening</h3>
The company announced on Monday that it would pay shareholders a quarterly dividend of 30 cents per share. On Thursday, TriCo will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 30 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own TCBK as of the end of Wednesday's session are eligible to receive the 30 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on December 22, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
<a href="https://www.benzinga.com/quote/TCBK">Monitor live stock price updates for TriCo on Benzinga.</a>

TriCo: Dividend Insights

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Shares of broader financial stocks are trading higher amid overall market strength after October CPI data showed softer-than-expected inflation.

Piper Sandler analyst Matthew Clark maintains TriCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCBK#NASDAQ">TCBK</a>) with a Overweight and lowers the price target from $43 to $41.

Piper Sandler Maintains Overweight on TriCo, Lowers Price Target to $41

Raymond James analyst David Feaster maintains TriCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCBK#NASDAQ">TCBK</a>) with a Outperform and lowers the price target from $42 to $36.

Raymond James Maintains Outperform on TriCo, Lowers Price Target to $36

TriCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCBK#NASDAQ">TCBK</a>) reported quarterly earnings of $0.92 per share which beat the analyst consensus estimate of $0.88 by 4.55 percent. This is a 17.86 percent decrease over earnings of $1.12 per share from the same period last year.

TriCo Q3 EPS $0.92 Beats $0.88 Estimate