TriCo Bancshares (NASDAQ:TCBK) announced a quarterly dividend on Wednesday, November 28th, NASDAQ reports. Stockholders of record on Friday, December 14th will be given a dividend of 0.19 per share by the financial services provider on Friday, December 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Thursday, December 13th. This is a boost from TriCo Bancshares’s previous quarterly dividend of $0.17.

TriCo Bancshares has raised its dividend by an average of 14.5% per year over the last three years and has raised its dividend annually for the last 4 consecutive years. TriCo Bancshares has a payout ratio of 29.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect TriCo Bancshares to earn $2.97 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 25.6%.

Shares of TriCo Bancshares stock traded up $0.06 during trading hours on Friday, reaching $36.42. 121,098 shares of the company’s stock were exchanged, compared to its average volume of 70,808. TriCo Bancshares has a 1 year low of $33.35 and a 1 year high of $42.13. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 15.88, a PEG ratio of 2.04 and a beta of 0.78. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.42.

TriCo Bancshares (NASDAQ:TCBK) last released its earnings results on Monday, October 29th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.53. TriCo Bancshares had a net margin of 18.77% and a return on equity of 9.80%. The business had revenue of $72.68 million during the quarter, compared to analyst estimates of $72.54 million. On average, research analysts anticipate that TriCo Bancshares will post 2.54 EPS for the current fiscal year.

TCBK has been the subject of a number of research reports. BidaskClub raised shares of TriCo Bancshares from a “hold” rating to a “buy” rating in a report on Thursday, November 22nd. Zacks Investment Research raised shares of TriCo Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday, October 10th. Finally, ValuEngine raised shares of TriCo Bancshares from a “sell” rating to a “hold” rating in a report on Monday, October 29th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. TriCo Bancshares currently has a consensus rating of “Buy” and an average target price of $43.60.

TRADEMARK VIOLATION NOTICE: “TriCo Bancshares (TCBK) Declares Dividend Increase – $0.19 Per Share” was first posted by Daily Political and is the property of of Daily Political. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States and international trademark and copyright law. The original version of this news story can be viewed at https://www.dailypolitical.com/2018/12/08/trico-bancshares-tcbk-declares-dividend-increase-0-19-per-share.html.

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.

Further Reading: Understanding Compound Annual Growth Rate (CAGR)

Dividend History for TriCo Bancshares (NASDAQ:TCBK)

Receive News & Ratings for TriCo Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TriCo Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.