TriCo Bancshares

Company Profile

TriCo Bancshares had its IPO on 1993-04-20 under the ticker symbol TCBK.

The company operates in the Financial Services sector and Banks-Regional industry. TriCo Bancshares has a staff strength of 1,219 employees.

Stock update

Shares of TriCo Bancshares opened at $34.43 at the start of the last trading session i.e. 2023-06-02.

The stocks traded within a range of $34.27 - $36.72, and closed at $36.58.

This is a +8.71% increase from the previous day's closing price.

A total volume of 114,256 shares were traded at the close of the day’s session.

In the last one week, shares of TriCo Bancshares have increased by +3.95%.

TriCo Bancshares's Key Ratios

TriCo Bancshares has a market cap of $1.08 billion, indicating a price to book ratio of 1.7136 and a price to sales ratio of 4.432.

In the last 12-months TriCo Bancshares’s revenue was $418.32 million with a gross profit of $391.31 million and an EBITDA of $0. The EBITDA ratio measures TriCo Bancshares's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, TriCo Bancshares’s operating margin was 46.99% while its return on assets stood at 1.41% with a return of equity of 12.81%.

In Q1, TriCo Bancshares’s quarterly earnings growth was a positive 59.7% while revenue growth was a positive 35.6%.

TriCo Bancshares’s PE and PEG Ratio

Forward PE

10.7875

Trailing PE

7.6974

PEG

1.91

Its diluted EPS in the last 12-months stands at $4.23 per share while it has a forward price to earnings multiple of 10.7875 and a PEG multiple of 1.91. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into TriCo Bancshares’s profitability.

TriCo Bancshares stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 4.432.

TriCo Bancshares stock pays annual dividends of $1.15 per share, indicating a yield of 3.58% and a payout ratio of 28.5%.

Balance sheet and cash flow metrics

Total Assets

$9.84 billion

Total Liabilities

$1.64 million

Operating Cash Flow

$115.25 million

Capital Expenditure

$1.21 million

Dividend Payout Ratio

28.5%

TriCo Bancshares ended 2023 with $9.84 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $9.84 billion while shareholder equity stood at $1.09 billion.

TriCo Bancshares ended 2023 with $0 in deferred long-term liabilities, $1.64 million in other current liabilities, 695168000.00 in common stock, $564.54 million in retained earnings and $304.44 million in goodwill. Its cash balance stood at $110.34 million and cash and short-term investments were $2.52 billion. The company’s total short-term debt was $0 while long-term debt stood at $535.19 million.

TriCo Bancshares’s total current assets stands at $2.55 billion while long-term investments were $2.56 billion and short-term investments were $2.41 billion. Its net receivables were $39.90 million compared to accounts payable of $1.64 million and inventory worth $0.

In 2023, TriCo Bancshares's operating cash flow was $115.25 million while its capital expenditure stood at $1.21 million.

Comparatively, TriCo Bancshares paid $0.29 in dividends in 2023.

Other key metrics

Current Trading Price

$36.58

52-Week High

$57.8818

52-Week Low

$28.66

Analyst Target Price

$45

TriCo Bancshares stock is currently trading at $36.58 per share. It touched a 52-week high of $57.8818 and a 52-week low of $57.8818. Analysts tracking the stock have a 12-month average target price of $45.

Its 50-day moving average was $36.42 and 200-day moving average was $46.15 The short ratio stood at 7.5 indicating a short percent outstanding of 0%.

Around 492.1% of the company’s stock are held by insiders while 6143.4% are held by institutions.