
TriCo Bancshares (TCBK) Stock Forecast & Price Target
TriCo Bancshares (TCBK) Analyst Ratings
Bulls say
TriCo Bancshares demonstrated a solid financial performance with a sequential growth of 2% in tangible book value per share, reaching $26.13, despite a reduction in the balance sheet size. The company reported increased loan originations and an improved net interest margin (NIM), which contributed to an upward revision of earnings per share estimates for 2024 and 2025. Additionally, strong expense management and controlled credit conditions supported positive trends in total capital equity, with a tangible common equity (TCE) ratio of 9.14%, reinforcing a robust outlook for the bank's future performance.
Bears say
The analysis of TriCo Bancshares reveals a concerning outlook primarily due to a decline in loan growth, which was reported at a decrease of 3% LQA, falling short of analyst expectations for a 5% increase. The banking sector continues to face challenges, with significant net interest income pressures adversely affecting earnings per share estimates, particularly following the March banking crisis, while new loans are being originated at lower rates, exacerbating the situation. Additionally, the company's reliance on core deposits has led to lagging deposit beta performance, resulting in rising costs that are not being matched by deposit growth, thereby contributing to a low valuation and negative investor sentiment throughout the year.
This aggregate rating is based on analysts' research of TriCo Bancshares and is not a guaranteed prediction by Public.com or investment advice.
TriCo Bancshares (TCBK) Analyst Forecast & Price Prediction
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