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

TriCo Bancshares (NASDAQ:TCBK) declared a quarterly dividend on Thursday, May 21st, NASDAQ Dividends reports. Shareholders of record on Friday, June 5th will be paid a dividend of 0.36 per share by the financial services provider on Friday, June 26th. This represents a c) dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, June 5th.

TriCo Bancshares has increased its dividend by an average of 0.1%annually over the last three years and has raised 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. Equities research analysts expect TriCo Bancshares to earn $4.35 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 33.1%.

TriCo Bancshares Stock Performance

Shares of TCBK opened at $50.67 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.87. The firm has a fifty day moving average of $49.52 and a 200-day moving average of $48.97. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 12.83 and a beta of 0.60. TriCo Bancshares has a 1 year low of $36.32 and a 1 year high of $53.18.

TriCo Bancshares (NASDAQ:TCBK) last issued its quarterly earnings data on Monday, March 2nd. The financial services provider reported $1.03 earnings per share (EPS) for the quarter. The business had revenue of $111.21 million during the quarter. TriCo Bancshares had a return on equity of 9.87% and a net margin of 23.71%. As a group, equities analysts anticipate that TriCo Bancshares will post 4.22 earnings per share for the current year.

Hedge Funds Weigh In On TriCo Bancshares

Several large investors have recently made changes to their positions in the business. Farther Finance Advisors LLC boosted its stake in shares of TriCo Bancshares by 40.3% during the 4th quarter. Farther Finance Advisors LLC now owns 735 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 211 shares in the last quarter. Federated Hermes Inc. boosted its stake in shares of TriCo Bancshares by 17.7% during the 2nd quarter. Federated Hermes Inc. now owns 1,928 shares of the financial services provider’s stock worth $78,000 after acquiring an additional 290 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in shares of TriCo Bancshares by 1.1% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 30,254 shares of the financial services provider’s stock worth $1,433,000 after acquiring an additional 329 shares in the last quarter. Sweeney & Michel LLC boosted its stake in shares of TriCo Bancshares by 0.3% during the 1st quarter. Sweeney & Michel LLC now owns 126,082 shares of the financial services provider’s stock worth $6,318,000 after acquiring an additional 347 shares in the last quarter. Finally, Larson Financial Group LLC boosted its stake in shares of TriCo Bancshares by 337.5% during the 3rd quarter. Larson Financial Group LLC now owns 595 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 459 shares in the last quarter. Institutional investors own 59.11% of the company’s stock.

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.