TriCo Bancshares (NASDAQ:TCBK) Declares $0.36 Quarterly Dividend

TriCo Bancshares (NASDAQ:TCBK) announced a quarterly dividend on Thursday, May 21st, NASDAQ Dividends reports. Shareholders of record on Friday, June 5th will be given a dividend of 0.36 per share by the financial services provider on Friday, June 26th. This represents a c) annualized dividend and a yield of 2.8%. The ex-dividend date is Friday, June 5th.

TriCo Bancshares has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 12 consecutive years. TriCo Bancshares has a payout ratio of 40.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect TriCo Bancshares to earn $4.35 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 33.1%.

TriCo Bancshares Price Performance

NASDAQ TCBK opened at $50.67 on Wednesday. The company has a market cap of $1.62 billion, a PE ratio of 12.83 and a beta of 0.60. TriCo Bancshares has a 52 week low of $36.32 and a 52 week high of $53.18. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.04. The firm’s 50-day simple moving average is $49.52 and its two-hundred day simple moving average is $48.97.

TriCo Bancshares (NASDAQ:TCBK) last released its quarterly earnings data on Monday, March 2nd. The financial services provider reported $1.03 EPS for the quarter. The business had revenue of $111.21 million for the quarter. TriCo Bancshares had a net margin of 23.71% and a return on equity of 9.87%. Research analysts predict that TriCo Bancshares will post 4.22 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.