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TriCo Bancshares upgraded to Buy from Neutral at DA Davidson » 07:34
09/07/21
09/07
07:34
09/07/21
07:34
TCBK

TriCo Bancshares

$39.19 /

+0.04 (+0.10%)

DA Davidson analyst Jeff…

DA Davidson analyst Jeff Rulis upgraded TriCo Bancshares to Buy from Neutral with a price target of $47, up from $44. Recent stock underperformance, likely accelerated by the late July acquisition announcement, appears unwarranted, Rulis tells investors in a research note. The bank boasts an above average growth trajectory, holds superior efficiency and is set to capture favorable CA migration trends, and views the latest M&A deal positively given low risk execution and easily achieved transaction targets, the analyst adds.

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TCBK TriCo Bancshares
$39.19 /

+0.04 (+0.10%)

TCBK TriCo Bancshares
$39.19 /

+0.04 (+0.10%)

09/07/21 DA Davidson
TriCo Bancshares upgraded to Buy from Neutral at DA Davidson
08/03/21 Piper Sandler
TriCo Bancshares upgraded to Overweight on valuation at Piper Sandler
08/02/21 Piper Sandler
TriCo Bancshares upgraded to Overweight from Neutral at Piper Sandler
10/28/20 Stephens
TriCo Bancshares resumed with an Equal Weight at Stephens
TCBK TriCo Bancshares
$39.19 /

+0.04 (+0.10%)

TCBK TriCo Bancshares
$39.19 /

+0.04 (+0.10%)

Upgrade
TriCo Bancshares upgraded to Buy from Neutral at DA Davidson » 06:48
09/07/21
09/07
06:48
09/07/21
06:48
TCBK

TriCo Bancshares

$39.19 /

+0.04 (+0.10%)

DA Davidson analyst Jeff…

DA Davidson analyst Jeff Rulis upgraded TriCo Bancshares to Buy from Neutral with a price target of $47, up from $44.

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TCBK TriCo Bancshares
$39.19 /

+0.04 (+0.10%)

TCBK TriCo Bancshares
$39.19 /

+0.04 (+0.10%)

08/03/21 Piper Sandler
TriCo Bancshares upgraded to Overweight on valuation at Piper Sandler
08/02/21 Piper Sandler
TriCo Bancshares upgraded to Overweight from Neutral at Piper Sandler
10/28/20 Stephens
TriCo Bancshares resumed with an Equal Weight at Stephens
TCBK TriCo Bancshares
$39.19 /

+0.04 (+0.10%)

TCBK TriCo Bancshares
$39.19 /

+0.04 (+0.10%)

Over a month ago
Upgrade
TriCo Bancshares upgraded to Overweight on valuation at Piper Sandler » 05:59
08/03/21
08/03
05:59
08/03/21
05:59
TCBK

TriCo Bancshares

$38.98 /

-0.49 (-1.24%)

Piper Sandler analyst…

Piper Sandler analyst Matthew Clark last night upgraded TriCo Bancshares to Overweight from Neutral with an unchanged price target of $49. The analyst sees a "discounted valuation" at current share levels and says TriCo is among the best managed banks out West. It offers "stronger" growth and capital flexibility, Clark tells investors in a research note.

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TCBK TriCo Bancshares
$38.98 /

-0.49 (-1.24%)

TCBK TriCo Bancshares
$38.98 /

-0.49 (-1.24%)

08/02/21 Piper Sandler
TriCo Bancshares upgraded to Overweight from Neutral at Piper Sandler
10/28/20 Stephens
TriCo Bancshares resumed with an Equal Weight at Stephens
TCBK TriCo Bancshares
$38.98 /

-0.49 (-1.24%)

TCBK TriCo Bancshares
$38.98 /

-0.49 (-1.24%)

Upgrade
TriCo Bancshares upgraded to Overweight from Neutral at Piper Sandler » 16:11
08/02/21
08/02
16:11
08/02/21
16:11
TCBK

TriCo Bancshares

$38.95 /

-0.52 (-1.32%)

Piper Sandler analyst…

Piper Sandler analyst Matthew Clark upgraded TriCo Bancshares to Overweight from Neutral with a $49 price target.

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TCBK TriCo Bancshares
$38.95 /

-0.52 (-1.32%)

TCBK TriCo Bancshares
$38.95 /

-0.52 (-1.32%)

10/28/20 Stephens
TriCo Bancshares resumed with an Equal Weight at Stephens
TCBK TriCo Bancshares
$38.95 /

-0.52 (-1.32%)

TCBK TriCo Bancshares
$38.95 /

-0.52 (-1.32%)

Hot Stocks
Valley Republic Bancorp to merge into TriCo Bancshares in $165.6M stock deal » 05:32
07/28/21
07/28
05:32
07/28/21
05:32
TCBK

TriCo Bancshares

$40.00 /

-0.1 (-0.25%)

TriCo Bancshares and…

TriCo Bancshares and Valley Republic Bancorp announced they have entered into a definitive agreement under which Valley will merge with and into TriCo in a stock transaction valued at approximately $165.6M, or $38.15 per share, based on TriCo's stock price of $40.16 on July 26. The strategic combination will bring together two community banks. When completed, the combined company will have more than $9B in assets, $8B in deposits, and nearly $6B in loans, serving business and consumer customers with locations throughout California. Under the terms of the agreement, Valley shareholders will receive 0.95 of a share of TriCo's common stock in exchange for each share of Valley's common stock, subject to certain potential adjustments. The aggregate merger consideration of $165.6M includes $164.7M in TriCo stock to be issued to Valley shareholders and $0.9M to be paid in cash to Valley option holders. The value of the merger consideration will fluctuate until closing based on the value of TriCo's stock. The merger is expected to qualify as a tax-free reorganization. The agreement was unanimously approved by the boards of each company and provides for one director of Valley to join TriCo's board. Upon the close of the transaction, Valley's shareholders will own approximately 12% of the combined company. The transaction is expected to close in Q4, contingent upon approval from Valley's shareholders, along with other customary regulatory approvals. The transaction is expected to be 5.5% accretive to TriCo's earnings per share in 2022, with 1.6% dilution to tangible book value per share, and a tangible book value earnback of two years. The earnings per share accretion estimates are based on anticipated cost savings of approximately 17% of Valley's non-interest expense and does not include any benefits from potential revenue synergies which may result, although opportunities have been identified.

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TCBK TriCo Bancshares
$40.00 /

-0.1 (-0.25%)

TCBK TriCo Bancshares
$40.00 /

-0.1 (-0.25%)

10/28/20 Stephens
TriCo Bancshares resumed with an Equal Weight at Stephens
TCBK TriCo Bancshares
$40.00 /

-0.1 (-0.25%)

TCBK TriCo Bancshares
$40.00 /

-0.1 (-0.25%)

Periodicals
TriCo Bancshares reports Q2 EPS 95c, consensus 92c » 18:25
07/27/21
07/27
18:25
07/27/21
18:25
TCBK

TriCo Bancshares

$40.00 /

-0.1 (-0.25%)

"The low rate and…

"The low rate and high liquidity environment in which we currently operate necessitates our continued focus on high quality earning asset growth. Our team's ability to execute our growth strategies while maintaining or improving the efficiency of our operations, as we scale towards $10 billion in total assets, will be critical to our long-term success. We believe that our year-to-date results for 2021 are a reflection of our accomplishments," commented Peter Wiese, EVP and Chief Financial Officer. Rick Smith, President and CEO added; "We are very pleased with the level of non-PPP organic loan growth that has been generated to date, and we remain optimistic regarding expected production and growth the latter half of the year. Additionally, our new loan production offices, located in San Diego, Irvine, and Pasadena will officially open in late Q3. We are pleased with the level of talent we have been able to add to the organization in the southern California geography as well as our legacy footprint, both of which should augment our performance in the latter part of 2021 and beyond."

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TCBK TriCo Bancshares
$40.00 /

-0.1 (-0.25%)

TCBK TriCo Bancshares
$40.00 /

-0.1 (-0.25%)

10/28/20 Stephens
TriCo Bancshares resumed with an Equal Weight at Stephens
TCBK TriCo Bancshares
$40.00 /

-0.1 (-0.25%)

Over a quarter ago
Conference/Events
TriCo Bancshares management to meet virtually with Piper Sandler » 04:55
06/21/21
06/21
04:55
06/21/21
04:55
TCBK

TriCo Bancshares

$42.66 /

-2.3 (-5.12%)

Virtual Meeting to be…

Virtual Meeting to be held on June 21 hosted by Piper Sandler.

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TCBK TriCo Bancshares
$42.66 /

-2.3 (-5.12%)

TCBK TriCo Bancshares
$42.66 /

-2.3 (-5.12%)

10/28/20 Stephens
TriCo Bancshares resumed with an Equal Weight at Stephens
TCBK TriCo Bancshares
$42.66 /

-2.3 (-5.12%)

Conference/Events
TriCo Bancshares management to meet virtually with Piper Sandler » 11:45
06/18/21
06/18
11:45
06/18/21
11:45
TCBK

TriCo Bancshares

$43.51 /

-1.45 (-3.23%)

Virtual Meeting to be…

Virtual Meeting to be held on June 21 hosted by Piper Sandler.

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TCBK TriCo Bancshares
$43.51 /

-1.45 (-3.23%)

TCBK TriCo Bancshares
$43.51 /

-1.45 (-3.23%)

10/28/20 Stephens
TriCo Bancshares resumed with an Equal Weight at Stephens
TCBK TriCo Bancshares
$43.51 /

-1.45 (-3.23%)

Earnings
TriCo Bancshares reports Q1 EPS $1.13, consensus 80c » 06:16
04/28/21
04/28
06:16
04/28/21
06:16
TCBK

TriCo Bancshares

$45.75 /

-0.53 (-1.15%)

For the current quarter,…

For the current quarter, net interest margin was 3.74% on a tax equivalent basis as compared to 4.34% in the quarter ended March 31, 2020, and a decrease of 5 basis points from the 3.79% in the trailing quarter. "We continued to benefit from significant growth in deposits during the quarter and we effectively deployed that liquidity to defend net interest income through strong organic and PPP loan growth, as well as additional purchases of whole loans and investment securities," commented Peter Wiese, EVP and Chief Financial Officer. Rick Smith, President and CEO added; "The actions and activities that we pursued during the second half of last year continue to benefit Tri Counties Bank as evidenced by the significant reduction in noninterest expenses and our efficiency ratio. In addition, we rewarded shareholders with an increase in our dividend which now equates to $1.00 per year paid in quarterly amounts of $0.25. Our entire team has become more energized by the idea and growing ability to return to our offices, as well as the increasing level of market activity and opportunities that we continue to pursue."

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TCBK TriCo Bancshares
$45.75 /

-0.53 (-1.15%)

TCBK TriCo Bancshares
$45.75 /

-0.53 (-1.15%)

10/28/20 Stephens
TriCo Bancshares resumed with an Equal Weight at Stephens
TCBK TriCo Bancshares
$45.75 /

-0.53 (-1.15%)

Hot Stocks
TriCo Bancshares announces buyback for up to 2M shares of common stock » 17:02
03/01/21
03/01
17:02
03/01/21
17:02
TCBK

TriCo Bancshares

$44.39 /

+1.06 (+2.45%)

TriCo Bancshares approved…

TriCo Bancshares approved the authorization to repurchase up to 2M shares of the company's common stock, no par value per share which approximates 6.7% of the currently outstanding common shares. The company's 2021 share repurchase program will replace the current 2019 Share Repurchase Program which has been terminated.

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TCBK TriCo Bancshares
$44.39 /

+1.06 (+2.45%)

TCBK TriCo Bancshares
$44.39 /

+1.06 (+2.45%)

10/28/20 Stephens
TriCo Bancshares resumed with an Equal Weight at Stephens
TCBK TriCo Bancshares
$44.39 /

+1.06 (+2.45%)

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