Stock To Watch: TriCo Bancshares (NASDAQ:TCBK)


The leading market experts have placed a mean price target of $29.20 on TriCo Bancshares (NASDAQ:TCBK) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.49 a share for the upcoming quarter and $1.84 for the current fiscal.

Technical View

The technical analysis of TriCo Bancshares plainly substantiates that the 50-day moving average of TriCo Bancshares is $27.08, and stock is trading $-1.33 points away or -4.90% from its 50-day moving average of $27.08. Further it is trading $-0.64 or -2.43% away its 200-day moving average of $26.39. TriCo Bancshares (NASDAQ:TCBK) 52-week high is $29.65 and the 52-week low is $22.89.

This explains if the stock moves $-3.90, it will post a 52-week high. In event of +12.49% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of TriCo Bancshares, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, TriCo Bancshares (NASDAQ:TCBK) ratio came in at 13.41.

The stock last ended the trading session at $25.75 and registered a market cap of $587.67M. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. TriCo Bancshares (NASDAQ:TCBK) PEG ratio is at 1.40.

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