TriCo Bancshares (NASDAQ:TCBK) Announces Quarterly Dividend of $0.36

TriCo Bancshares (NASDAQ:TCBK) declared a quarterly dividend on Thursday, February 19th. Shareholders of record on Friday, March 6th will be given a dividend of 0.36 per share by the financial services provider on Friday, March 20th. This represents a c) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, March 6th.

TriCo Bancshares has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 12 consecutive years. TriCo Bancshares has a payout ratio of 40.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect TriCo Bancshares to earn $3.67 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 39.2%.

TriCo Bancshares Stock Performance

Shares of NASDAQ TCBK opened at $48.30 on Wednesday. The company has a market cap of $1.57 billion, a PE ratio of 13.02 and a beta of 0.63. TriCo Bancshares has a 12 month low of $35.20 and a 12 month high of $53.18. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick ratio of 0.86. The company has a 50-day simple moving average of $49.44 and a 200-day simple moving average of $46.87.

TriCo Bancshares (NASDAQ:TCBK) last issued its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.02. TriCo Bancshares had a return on equity of 9.53% and a net margin of 22.56%.The company had revenue of $109.40 million during the quarter, compared to the consensus estimate of $108.19 million. On average, equities analysts anticipate that TriCo Bancshares will post 3.35 earnings per share for the current 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.