Raymond James keeps TriCo Bancshares (TCBK) outperforming recommendations

Fintel announced on April 6, 2023 that Raymond James
maintained
Coverage of TriCo Bancshares (NASDAQ:TCBK) excellent recommendation.

Analyst price forecast suggests a 40.11% gain

Average 1 year as of April 6, 2023 price target For TriCo Bancshares, it’s $57.46. Predictions range from a low of $52.52 to a high of $65.10. The average price target represents a 40.11% increase from the latest reported closing price of $41.01.

see us corporate leaderboard Maximum price target upwards.

TriCo Bancshares projected annual revenue of $473 million, an increase of 20.87%. Projected annual non-GAAP EPS
It’s $4.74.

TriCo Bancshares Declares $0.30 Dividend

On March 6, 2023, the company will regular quarterly dividend $0.30 per share ($1.20 annualized). Shareholders registered as of March 17, 2023 received their payments on March 24, 2023. Previously, the company paid him $0.30 per share.

At the current price of $41.01 / share, this stock has a dividend yield of 2.93%. Looking back over five years and taking a weekly sample, the average dividend yield was 2.33%, with his lowest at 1.69% and highest at 3.63%. The standard deviation of yield is 0.41 (n=236).

The current dividend yield is 1.45 standard deviations above the historical average.

The company’s dividend payout ratio is 0.32 times. The payout ratio indicates how much of a company’s profits is paid out as dividends. A payout ratio of 1 (1.0) means that 100% of the company’s income is paid out as dividends. A payout ratio above 1 means the company is steeped in savings to sustain its dividend. This is not a healthy situation. Companies with little growth prospects are expected to pay out the majority of their income in dividends. This usually means a payout ratio of 0.5 to 1.0. Companies with good growth prospects are expected to retain some profits to invest in those growth prospects. This translates to a payout ratio of zero to 0.5.

The company’s three-year dividend growth rate is 0.36%, indicating that it has been increasing its dividend for a long time.

What are other shareholders doing?

Susquehanna International Group, Llp
It holds 4K shares representing a 0.01% ownership interest in the company. In previous filings, the company reported that it owned 9,000 of his shares.
Decrease
119.69%.office

decreased

Portfolio allocation at TCBK increased by 71.24% last quarter.

Pacific Select Fund – Small Cap Portfolio Class I
It holds 33,000 shares representing a 0.10% ownership interest in the company. In previous filings, the company reported that it owned 37,000 of his shares.
Decrease
10.60%.office

decreased

Portfolio allocation at TCBK increased 3.08% last quarter.

FNCL – Fidelity MSCI Financials Index ETF
It owns 10,000 shares representing a 0.03% ownership interest in the company. In previous filings, the company reported that it owned 11,000 of his shares.
Decrease
5.13%.office

decreased

Portfolio allocation at TCBK increased by 18.55% last quarter.

ISCB – iShares Morningstar Small Cap ETF
It holds 2K shares representing a 0.01% ownership interest in the company. In previous filings, the company reported that it owned 2,000 of his shares.
will increase
of 1.17%.office

decreased

Portfolio allocation at TCBK increased by 18.54% last quarter.

Pacific Global Investment Management
It holds 14,000 shares representing a 0.04% ownership interest in the company. No change from the previous quarter.

What is Fund Sentiment?

there is 384 funds or institutions reporting positions At TriCo Bancshares. That’s an increase of 8 owners or 2.13% over the last quarter.Portfolio average weight of all funds TCBK dedicated was 0.21%, down 4.26%. The total number of shares owned by institutions decreased by 5.51% over the last three months to 24,999,000 shares.

TCBK / TriCo Bancshares Put/Call Ratio
of put/call ratio TCBK is at 0.61, indicating a bullish outlook.

Trico Bancshares background information
(This description is provided by the company.)

Founded in 1975, Tri Counties Bank is a wholly owned subsidiary of TriCo Bancshares, headquartered in Chico, California, and is available through traditional stand-alone and in-store bank branches in the communities of Northern and Central California. We offer a unique customer service brand with solutions. Tri Counties Bank offers a broad and competitive range of consumer, small business and commercial banking financial services, in addition to convenient 24-hour ATM, online and mobile banking access. Brokerage services are provided by Tri Counties Advisors in partnership with Raymond James Financial Services, Inc.

See all TriCo Bancshares Submissions to regulatory authorities.

This story was originally Fintel.

The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.

Summarize this content to 100 words

Fintel announced on April 6, 2023 that Raymond James
maintained
Coverage of TriCo Bancshares (NASDAQ:TCBK) excellent recommendation.

Analyst price forecast suggests a 40.11% gain

Average 1 year as of April 6, 2023 price target For TriCo Bancshares, it’s $57.46. Predictions range from a low of $52.52 to a high of $65.10. The average price target represents a 40.11% increase from the latest reported closing price of $41.01.

see us corporate leaderboard Maximum price target upwards.

TriCo Bancshares projected annual revenue of $473 million, an increase of 20.87%. Projected annual non-GAAP EPS
It’s $4.74.

TriCo Bancshares Declares $0.30 Dividend

On March 6, 2023, the company will regular quarterly dividend $0.30 per share ($1.20 annualized). Shareholders registered as of March 17, 2023 received their payments on March 24, 2023. Previously, the company paid him $0.30 per share.

At the current price of $41.01 / share, this stock has a dividend yield of 2.93%. Looking back over five years and taking a weekly sample, the average dividend yield was 2.33%, with his lowest at 1.69% and highest at 3.63%. The standard deviation of yield is 0.41 (n=236).

The current dividend yield is 1.45 standard deviations above the historical average.

The company’s dividend payout ratio is 0.32 times. The payout ratio indicates how much of a company’s profits is paid out as dividends. A payout ratio of 1 (1.0) means that 100% of the company’s income is paid out as dividends. A payout ratio above 1 means the company is steeped in savings to sustain its dividend. This is not a healthy situation. Companies with little growth prospects are expected to pay out the majority of their income in dividends. This usually means a payout ratio of 0.5 to 1.0. Companies with good growth prospects are expected to retain some profits to invest in those growth prospects. This translates to a payout ratio of zero to 0.5.

The company’s three-year dividend growth rate is 0.36%, indicating that it has been increasing its dividend for a long time.

What are other shareholders doing?

Susquehanna International Group, Llp
It holds 4K shares representing a 0.01% ownership interest in the company. In previous filings, the company reported that it owned 9,000 of his shares.
Decrease
119.69%.office

decreased

Portfolio allocation at TCBK increased by 71.24% last quarter.

Pacific Select Fund – Small Cap Portfolio Class I
It holds 33,000 shares representing a 0.10% ownership interest in the company. In previous filings, the company reported that it owned 37,000 of his shares.
Decrease
10.60%.office

decreased

Portfolio allocation at TCBK increased 3.08% last quarter.

FNCL – Fidelity MSCI Financials Index ETF
It owns 10,000 shares representing a 0.03% ownership interest in the company. In previous filings, the company reported that it owned 11,000 of his shares.
Decrease
5.13%.office

decreased

Portfolio allocation at TCBK increased by 18.55% last quarter.

ISCB – iShares Morningstar Small Cap ETF
It holds 2K shares representing a 0.01% ownership interest in the company. In previous filings, the company reported that it owned 2,000 of his shares.
will increase
of 1.17%.office

decreased

Portfolio allocation at TCBK increased by 18.54% last quarter.

Pacific Global Investment Management
It holds 14,000 shares representing a 0.04% ownership interest in the company. No change from the previous quarter.

What is Fund Sentiment?

there is 384 funds or institutions reporting positions At TriCo Bancshares. That’s an increase of 8 owners or 2.13% over the last quarter.Portfolio average weight of all funds TCBK dedicated was 0.21%, down 4.26%. The total number of shares owned by institutions decreased by 5.51% over the last three months to 24,999,000 shares.

of put/call ratio TCBK is at 0.61, indicating a bullish outlook.

Trico Bancshares background information(This description is provided by the company.)

Founded in 1975, Tri Counties Bank is a wholly owned subsidiary of TriCo Bancshares, headquartered in Chico, California, and is available through traditional stand-alone and in-store bank branches in the communities of Northern and Central California. We offer a unique customer service brand with solutions. Tri Counties Bank offers a broad and competitive range of consumer, small business and commercial banking financial services, in addition to convenient 24-hour ATM, online and mobile banking access. Brokerage services are provided by Tri Counties Advisors in partnership with Raymond James Financial Services, Inc.

See all TriCo Bancshares Submissions to regulatory authorities.

This story was originally Fintel.

The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.

https://www.nasdaq.com/articles/raymond-james-maintains-trico-bancshares-tcbk-outperform-recommendation Raymond James keeps TriCo Bancshares (TCBK) outperforming recommendations

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