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.

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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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Dividend History for TriCo Bancshares (NASDAQ:TCBK)

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