TriCo Bancshares (TCBK) to Issue Quarterly Dividend of $0.36 on September 25th

TriCo Bancshares (NASDAQ:TCBK) announced a quarterly dividend on Thursday, August 20th. Stockholders 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) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, September 11th.

TriCo Bancshares has increased its dividend payment 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 payout ratio of 40.1% meaning its dividend is sufficiently covered by earnings. 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 Performance

Shares of TriCo Bancshares stock opened at $53.97 on Wednesday. TriCo Bancshares has a 12 month low of $40.44 and a 12 month high of $61.71. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.04. The stock has a market cap of $1.73 billion, a PE ratio of 12.94 and a beta of 0.59. The business has a fifty day simple moving average of $56.44 and a 200-day simple moving average of $52.09.

TriCo Bancshares (NASDAQ:TCBK) last posted its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.03. TriCo Bancshares had a return on equity of 10.23% and a net margin of 24.67%.The firm had revenue of $111.88 million for the quarter, compared to analyst estimates of $110.99 million. On average, sell-side analysts anticipate that TriCo Bancshares will post 4.28 EPS for the current fiscal year.

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.