Streetbeat News

TCBK

TriCo Bancshares

https://www.tcbk.com

Industry

Banks - Regional

TriCo Bancshares operates as a bank holding company for Tri Counties Bank that provides commercial banking services to individual and corporate customers. The company accepts demand, savings, and time deposits. It also provides small business loans; real estate mortgage loans, such as residential and commercial loans; consumer loans; commercial loans, including agricultural loans; and real estate construction loans. In addition, the company offers treasury management services; and other customary banking services, including safe deposit boxes; and independent financial and broker-dealer services. It operates 61 traditional branches, 7 in-store branches, and 7 loan production offices in 31 counties throughout California. The company was founded in 1975 and is headquartered in Chico, California.

Open

46.72

Mkt cap

1.6B

Volume

12K

High

47.67

P/E Ratio

14.08

52-wk high

50.63

Low

45.66

Div yield

0.03

52-wk low

31.73

TriCo Bancshares has announced an increase in its quarterly dividend from $0.30 to $0.33 per share.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 9:51 pm

DA Davidson analyst Jeff Rulis has maintained a Buy rating on TriCo Bancshares (NASDAQ: TCBK) but has reduced the price target from $49 to $45.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 7:58 pm

Keefe, Bruyette & Woods has maintained its Market Perform rating for TriCo Bancshares (NASDAQ:TCBK) but lowered its price target from $44.00 to $42.00. TriCo's shares are currently trading at $38.27, and the new price target suggests a potential upside of 9.75%. TriCo Bancshares operates as a bank holding company for Tri Counties Bank, offering various banking services primarily in California.

Portfolio Pulse from Benzinga Insights

January 26, 2024 | 5:00 pm

Keefe, Bruyette & Woods analyst Kelly Motta has maintained a 'Market Perform' rating on TriCo Bancshares (NASDAQ:TCBK) but has lowered the price target from $44 to $42, as reported on January 25, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 2:19 pm

Raymond James analyst David Feaster has maintained an Outperform rating on TriCo Bancshares (NASDAQ: TCBK) and increased the price target from $36 to $40.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 1:05 pm

TriCo (NASDAQ:TCBK) announced a quarterly dividend of 30 cents per share, with Wednesday being the last day for investors to be eligible for the dividend. The stock will go ex-dividend on Thursday, likely opening 30 cents lower to reflect the payout. Eligible shareholders will receive the dividend on December 22, 2023.

Portfolio Pulse from Benzinga Insights

December 04, 2023 | 2:45 pm

Financial stocks, including a broad range of banks and financial services companies, experienced a rise in share prices following the release of October CPI data indicating inflation was softer than expected. This positive reaction reflects overall market strength and optimism that lower inflation could reduce pressure on the Federal Reserve to maintain an aggressive rate hike policy.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 8:30 pm

Piper Sandler analyst Matthew Clark maintains an Overweight rating on TriCo (NASDAQ:TCBK) but lowers the price target from $43 to $41.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 4:39 pm

Raymond James analyst David Feaster maintains an Outperform rating on TriCo (NASDAQ:TCBK) but lowers the price target from $42 to $36.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 1:35 pm

TriCo (NASDAQ:TCBK) reported Q3 earnings of $0.92 per share, beating the analyst consensus estimate of $0.88 by 4.55%. However, this is a 17.86% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 9:09 pm

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