TriCo Bancshares (TCBK) Getting Somewhat Positive Press Coverage, Study Finds
Media headlines about TriCo Bancshares (NASDAQ:TCBK) have trended somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. TriCo Bancshares earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 45.8809269612811 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- FY2019 EPS Estimates for TriCo Bancshares (TCBK) Lifted by Analyst (americanbankingnews.com)
- TriCo Bancshares (TCBK) Downgraded to Hold at ValuEngine (americanbankingnews.com)
- TriCo Bancshares (TCBK) Expected to Post FY2018 Earnings of $2.12 Per Share (americanbankingnews.com)
- BRIEF-Trico Bancshares Says Tax Cuts And Jobs Act Will Have Estimated Q4 Earnings Impact Of Loss Of About $0.33 Per Share (TCBK) (markets.businessinsider.com)
Shares of TriCo Bancshares (NASDAQ:TCBK) opened at $38.60 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.31. TriCo Bancshares has a fifty-two week low of $32.66 and a fifty-two week high of $43.79. The stock has a market capitalization of $890.13, a PE ratio of 17.95, a PEG ratio of 1.72 and a beta of 0.91.
TriCo Bancshares (NASDAQ:TCBK) last issued its earnings results on Tuesday, October 31st. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.03). TriCo Bancshares had a return on equity of 10.17% and a net margin of 21.87%. The firm had revenue of $57.01 million for the quarter, compared to analysts’ expectations of $56.99 million. research analysts expect that TriCo Bancshares will post 2.18 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend was Thursday, December 14th. TriCo Bancshares’s payout ratio is currently 31.63%.
A number of research analysts have recently commented on TCBK shares. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $43.00 price objective on shares of TriCo Bancshares in a research note on Thursday, December 14th. FIG Partners downgraded shares of TriCo Bancshares from an “outperform” rating to a “market perform” rating in a research note on Wednesday, December 13th. Zacks Investment Research downgraded shares of TriCo Bancshares from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. ValuEngine downgraded shares of TriCo Bancshares from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, BidaskClub downgraded shares of TriCo Bancshares from a “hold” rating to a “sell” rating in a research note on Friday, December 15th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. TriCo Bancshares currently has a consensus rating of “Hold” and a consensus price target of $42.67.
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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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