In a report released yesterday, Tyler Stafford from Stephens maintained a Buy rating on Trico Bancshares (TCBK), with a price target of $40. The company’s shares closed yesterday at $35.45.
According to TipRanks.com, Stafford is a 4-star analyst with an average return of 5.5% and a 54.5% success rate. Stafford covers the Financial sector, focusing on stocks such as Capstar Financial Holdings Inc, Carolina Financial Corporation, and Pacific Premier Bancorp Inc.
Trico Bancshares has an analyst consensus of Moderate Buy, with a price target consensus of $40.
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Based on Trico Bancshares’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $16.17 million. In comparison, last year the company had a net profit of $2.99 million.
Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is neutral on the stock.
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TriCo Bancshares is a bank holding company, which engages in business through its wholly owned subsidiary, Tri Counties Banks. Its subsidiary offers banking services to retail customers and small to medium-sized businesses. The company was founded on October 13, 1981 and is headquartered in Chico, CA.
