Business

Analysts Peeling Back the Layers on TriCo Bancshares (NASDAQ:TCBK)

TriCo Bancshares (NASDAQ:TCBK) currently has an Average Broker Rating of 2.2. This number is based on the 5 sell-side firms polled by Zacks. The ABR rank within the industry stands at 191.

Analysts often use a number of terms—buy, strong buy, near-term or long-term accumulate, near-term or long-term over-perform or under-perform, neutral, hold— to describe their recommendations. But the definitions of these terms can differ from company to company. Instead of making assumptions, investors should read the definitions of all ratings used in each analyst report. They should also consider the company’s disclosures regarding what percentage of all ratings fall into either “buy,” “hold/neutral,” and “sell” groups.

Analysts on a consensus basis are expecting that the stock will reach $39.75 within the year. The ABR is provided by Zacks which simplfies analyst ratings into an integer based number. They use a one to five scale where they translate brokerage firm Buy/Sell/Hold recommendations into an average broker rating. A low number in the 1-2 range typically indicates a Buy, 3 represents a Hold and 4-5 represents a consensus Sell rating.
Research analysts study publicly traded companies and make recommendations on the securities of those companies. Most specialize in a particular industry or sector of the economy. They exert considerable influence in today’s marketplace. Analysts’ recommendations or reports can influence the price of a company’s stock—especially when the recommendations are widely disseminated through television appearances or through other electronic and print media. The mere mention of a company by a popular analyst can temporarily cause its stock to rise or fall—even when nothing about the company’s prospects or fundamentals has recently changed.Stock analysis typically falls into two main categories. Some investors may prefer technical analysis, and others may prefer to study the fundamentals. Many investors will keep an eye on both. Technical analysis involves trying to project future stock price movements based on prior stock activity. Technicians strive to identify chart patterns and study other historical price and volume data. Technical investors look to identify trends when assessing a stock. The trend is typically considered to be the main direction of the share price. Trends are generally categorized as either up, down, or sideways. If a bullish trend is spotted, the trader may expect the upward trend to continue and thus try to capitalize on further upward action.

TriCo Bancshares (NASDAQ:TCBK) closed the last session at $40.15 and sees an average of 74503.55 shares trade hands in each session. The 52-week low of the stock stands at $31.96 while the current level stands at 97.5% of the 52-week High-Low range. Looking further out we can see that the stock has moved 20.39% over the past 12 weeks and 18.82% year to date.

Research analysts are predicting that TriCo Bancshares (NASDAQ:TCBK) will report earnings of $0.71 per share when the firm issues their next quarterly report. This is the consensus earnings per share number according to data from Zack’s Research.

Most recently TriCo Bancshares (NASDAQ:TCBK) posted quarterly earnings of $0.76 which compared to the sell-side estimates of 0.7. The stock’s 12-month trailing earnings per share stands at $2.58. Shares have moved $5.1 over the past month and more recently, $2.4 over the past week heading into the earnings announcement. There are 3 analyst projections that were taken into consideration from respected brokerage firms.

3 analysts rate TriCo Bancshares a Buy or Strong Buy, which is 60% of all the analyst ratings.

When conducting stock analysis, investors have a wide array of various classifications to choose from. Growth stocks generally have the potential to produce above average profit growth and revenues. These types of stocks tend to expand quicker than the economy as a whole. Investors also have the option of adding cyclical stocks to the portfolio. Cyclicals are generally companies whose earnings and sales are highly correlated with that of the overall economy. When the economy is doing well, cyclical stocks may be more in favor. Investors may decide to go in another direction when the economy is dragging. When an economic downturn is underway, investors may choose to select defensive stocks. These types of stocks generally stand up well during down periods based on their insulation from the business cycle. Investors also have the option of purchasing foreign stocks to help add some diversity to the portfolio. 

This article is informational purposes only and should not be considered a recommendation to buy or sell the stock.

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