TriCo Bancshares (TCBK) To Go Ex-Dividend on September 11th

TriCo Bancshares (NASDAQ:TCBK) declared a quarterly dividend on Thursday, August 20th. Shareholders of record on Friday, September 11th will be given a dividend of 0.36 per share by the financial services provider on Friday, September 25th. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, September 11th.

TriCo Bancshares has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 12 years. TriCo Bancshares has a dividend payout ratio of 40.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect TriCo Bancshares to earn $4.37 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 33.0%.

TriCo Bancshares Stock Down 0.8%

TCBK opened at $53.97 on Wednesday. The stock has a fifty day moving average of $56.44 and a 200-day moving average of $52.09. The company has a market capitalization of $1.73 billion, a P/E ratio of 12.94 and a beta of 0.59. TriCo Bancshares has a fifty-two week low of $40.44 and a fifty-two week high of $61.71. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.87 and a current ratio of 0.87.

TriCo Bancshares (NASDAQ:TCBK) last released its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.03. The business had revenue of $111.88 million for the quarter, compared to analyst estimates of $110.99 million. TriCo Bancshares had a net margin of 24.67% and a return on equity of 10.23%. On average, equities analysts expect that TriCo Bancshares will post 4.28 EPS for the current year.

Institutional Trading of TriCo Bancshares

Several hedge funds have recently bought and sold shares of the business. Squarepoint Ops LLC increased its stake in TriCo Bancshares by 85.3% during the 2nd quarter. Squarepoint Ops LLC now owns 20,777 shares of the financial services provider’s stock valued at $1,119,000 after purchasing an additional 9,562 shares in the last quarter. Allworth Financial LP lifted its stake in shares of TriCo Bancshares by 1.7% in the second quarter. Allworth Financial LP now owns 129,979 shares of the financial services provider’s stock valued at $6,999,000 after buying an additional 2,134 shares in the last quarter. California State Teachers Retirement System lifted its stake in shares of TriCo Bancshares by 5,128.3% in the second quarter. California State Teachers Retirement System now owns 1,710,707 shares of the financial services provider’s stock valued at $92,122,000 after buying an additional 1,677,987 shares in the last quarter. Round Rock Advisors LLC acquired a new position in shares of TriCo Bancshares during the second quarter valued at about $360,000. Finally, Kingsview Wealth Management LLC bought a new stake in shares of TriCo Bancshares during the second quarter worth about $260,000. Institutional investors and hedge funds own 59.11% of the company’s stock.

TriCo Bancshares Company Profile

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.