Equities analysts expect TriCo Bancshares (NASDAQ:TCBK) to report sales of $72.54 million for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for TriCo Bancshares’ earnings. The lowest sales estimate is $71.47 million and the highest is $74.16 million. TriCo Bancshares posted sales of $57.01 million during the same quarter last year, which suggests a positive year-over-year growth rate of 27.2%. The firm is expected to report its next quarterly earnings results on Monday, October 29th.

According to Zacks, analysts expect that TriCo Bancshares will report full year sales of $261.29 million for the current year, with estimates ranging from $258.63 million to $264.73 million. For the next financial year, analysts forecast that the company will post sales of $307.47 million, with estimates ranging from $305.40 million to $311.21 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover TriCo Bancshares.

TriCo Bancshares (NASDAQ:TCBK) last released its earnings results on Thursday, July 26th. The financial services provider reported $0.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.03. TriCo Bancshares had a return on equity of 10.38% and a net margin of 18.39%. The business had revenue of $58.04 million for the quarter, compared to the consensus estimate of $60.99 million.

A number of research analysts have recently issued reports on TCBK shares. BidaskClub raised TriCo Bancshares from a “hold” rating to a “buy” rating in a report on Friday, June 22nd. Zacks Investment Research raised TriCo Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday, October 10th. Finally, ValuEngine downgraded TriCo Bancshares from a “hold” rating to a “sell” rating in a report on Friday, October 12th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $43.60.

TriCo Bancshares stock traded down $0.52 during mid-day trading on Friday, hitting $35.56. The company had a trading volume of 46,700 shares, compared to its average volume of 80,429. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.41. TriCo Bancshares has a 12 month low of $34.50 and a 12 month high of $43.79. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 17.32, a price-to-earnings-growth ratio of 1.51 and a beta of 0.82.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, September 14th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date was Thursday, September 13th. TriCo Bancshares’s payout ratio is currently 32.69%.

Several large investors have recently made changes to their positions in TCBK. SG Americas Securities LLC bought a new position in shares of TriCo Bancshares during the second quarter valued at $110,000. Alpine Woods Capital Investors LLC purchased a new stake in TriCo Bancshares during the second quarter valued at $262,000. Virginia Retirement Systems ET AL purchased a new stake in TriCo Bancshares during the second quarter valued at $386,000. Paloma Partners Management Co purchased a new stake in TriCo Bancshares during the second quarter valued at $406,000. Finally, Alps Advisors Inc. purchased a new stake in TriCo Bancshares during the second quarter valued at $501,000. 53.74% of the stock is currently owned by hedge funds and other institutional investors.

About TriCo Bancshares

TriCo Bancshares operates as a bank holding company for Tri Counties Bank that provides commercial banking services to retail customers and small to medium-sized businesses. It accepts demand, savings, and money market accounts, as well as time deposits; and provides residential and commercial real estate mortgage, consumer, commercial, agricultural, and real estate construction loans.

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Earnings History and Estimates for TriCo Bancshares (NASDAQ:TCBK)

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