For its second fiscal quarter (ending June 30), TriCo Bancshares (NASDAQ: TCBK) has reported a 17% increase in E.P.S. from $0.75 a year ago to $0.88 in the current quarter. This performance was $0.09 better than the consensus estimate of $0.79. E.P.S. were $3.40 for the latest four quarters through June 30 versus $4.04 for the same period a year ago — a decline of -16%.
Recent Price Action
On 7/25/24, TriCo Bancshares (NASDAQ: TCBK) stock enjoyed a large increase of 4.3%, closing at $47.95. Moreover, this advance was accompanied by exceptionally high trading volume at 205% of normal. The stock has performed in line with the market over the last nine months and has risen 5.0% during the last week.
Current PriceTarget Research Rating
TCBK is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
TriCo Bancshares has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. TriCo Bancshares has a slightly positive Appreciation Score of 67 and a neutral Power Rating of 46, resulting in the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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