TriCo Bancshares (NASDAQ:TCBK) to Issue Quarterly Dividend of $0.36

TriCo Bancshares (NASDAQ:TCBK) declared a quarterly dividend on Thursday, February 19th. Shareholders of record on Friday, March 6th will be paid a dividend of 0.36 per share by the financial services provider on Friday, March 20th. This represents a c) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Friday, March 6th.

TriCo Bancshares has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 12 consecutive years. TriCo Bancshares has a payout ratio of 40.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect TriCo Bancshares to earn $3.67 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 39.2%.

TriCo Bancshares Trading Down 0.1%

Shares of TCBK opened at $48.30 on Wednesday. The stock’s fifty day simple moving average is $49.44 and its 200-day simple moving average is $46.87. The firm has a market capitalization of $1.57 billion, a PE ratio of 13.02 and a beta of 0.63. TriCo Bancshares has a 12-month low of $35.20 and a 12-month high of $53.18. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.04.

TriCo Bancshares (NASDAQ:TCBK) last announced its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.02. TriCo Bancshares had a net margin of 22.56% and a return on equity of 9.53%. The firm had revenue of $109.40 million for the quarter, compared to analysts’ expectations of $108.19 million. As a group, research analysts predict that TriCo Bancshares will post 3.35 earnings per share for the current year.

About TriCo Bancshares

TriCo Bancshares, Inc is the bank holding company for Tri Counties Bank, a community-oriented financial institution headquartered in Chico, California. Through its wholly owned subsidiary, the company provides a comprehensive range of banking and financial services to individuals, small businesses, and commercial clients. Offering a full suite of deposit accounts, lending solutions and digital banking tools, TriCo Bancshares combines personalized service with modern technology to meet the evolving needs of its customers.

The company’s core products and services include commercial and consumer lending, deposit and cash management solutions, mortgage banking, and agricultural financing.