TriCo Bancshares (NASDAQ:TCBK) Projected EPS At $0.49 For Next Quarter


TriCo Bancshares (NASDAQ:TCBK) has a mean price target of $29.20 by market experts. Market leading group First Call has reached this recommendation by considering recommendations of top analysts in the industry. These experts have specified earnings of $0.49 a share for the very next quarter and $1.84 for this year.

Technical View

The technical study of TriCo Bancshares demonstrates that the 50-day moving average of TriCo Bancshares (NASDAQ:TCBK) stock is $26.41, and is trading $0.20 points away or +0.75% from 50-day moving average of $26.41. It is trading $-0.08 or -0.30% away 200-day moving average of $26.69.

The 52-week high of TriCo Bancshares (NASDAQ:TCBK) was $29.65 while $23.47 is the low mark in the same period. It state TriCo Bancshares share price has to surge more than $-3.04 to hit 52-week high or drop +13.38% to make a 52-week mark. MA here hints at moving average.

Taking the valuation part to reach the estimation of TriCo Bancshares, investors apply price-to-earnings ratio, which is shortened as P/E ratio. It weighs equity price by the relative expense of the equity. TriCo Bancshares (NASDAQ:TCBK) ratio came in at 13.86, after dividing current equity price by yearly earnings. TriCo Bancshares stock recorded a close of $26.61 in last trading session, registering a market cap of $607.29M.

The price-earnings ratio can be seen as a means of regulating the value of per dollar of earnings through the stock market. In concept, by taking the average of P/E over a period of numerous years, one could frame something of a uniform P/E ratio, which can then be understood as a benchmark and utilized to indicate whether or not a share is worth buying.

Investors estimate the Price-to-Earnings-Growth ratio to catch up with a clear view on the firm valuation. For stocks with higher PEG ratio, they are considered as sell option. The undervalued equity displays PEG ratio of 0 or 1. On contrary, the fairly valued equity has ratio of 1 and 2. TriCo Bancshares (NASDAQ:TCBK) PEG ratio is at 1.45.

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