TriCo Bancshares (NASDAQ:TCBK) Given Price Target Of $29


As per TriCo Bancshares (NASDAQ:TCBK)’s news release on 2016-09-02, its shareholders will get cash dividend of $0.15 per share. The recent press release updated on the record date and payout date, which stands at 2016-09-14 and 2016-09-30, respectively.

The stock will commence trading ex-dividend from 2016-09-12, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year TriCo Bancshares (NASDAQ:TCBK) disbursed $0.15 in dividend compared to distribution of $0.15, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 18.1818%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated TriCo Bancshares (NASDAQ:TCBK) to attain a price target of $29. It is an average estimate figure given by 3 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $30. The low price range is set at $28 for next year while the arithmetic mean is seen at 2.5.

Eyeing Earnings TriCo Bancshares (NASDAQ:TCBK) is likely to post quarterly numbers around 2016-11-03 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.48 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, TriCo Bancshares (NASDAQ:TCBK) earnings came at $0.41 suggesting a deviation of $-0.1. The brokerages targeted EPS of $0.51 for the quarter.

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