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Tri Counties Bank, the banking arm of TriCo Bancshares, has been serving customers since 1975. The bank offers a broad range of services including personal and commercial banking through both traditional stand-alone and in-store branches across Northern and Central California. To cater to the digital needs of its customers, it also provides online and mobile banking solutions.
In addition to its banking services, Tri Counties Bank extends brokerage services through Tri Counties Advisors in partnership with Raymond James Financial (NYSE:RJF) Services. This collaboration ensures customers have access to comprehensive financial planning and investment options.
The financial operations of TriCo Bancshares are managed by Peter G. Wiese, who serves as the Executive Vice President and Chief Financial Officer. Under his oversight, the company has maintained strong financial health, as evidenced by its consistent dividend payouts to shareholders.
TriCo Bancshares (TCBK) has demonstrated high earnings quality, with its free cash flow exceeding net income. This is a positive sign of the company’s financial health and contributes to its ability to maintain consistent dividend payouts. This is further supported by the fact that TCBK has raised its dividend for 10 consecutive years, and impressively, maintained dividend payments for 31 consecutive years.
InvestingPro’s real-time data provides further insights into TCBK’s financial performance. The company’s market cap stands at 1230M USD, with a P/E ratio of 9.53, indicating a relatively low price for each dollar of earnings. Over the last twelve months leading up to Q3 2023, TCBK has seen an 11.47% growth in revenue, reaching 407.62M USD.
However, investors should note that analysts have revised their earnings downwards for the upcoming period, and the company’s revenue growth has been slowing down recently. Also, TCBK’s PEG ratio, a key metric that relates a company’s P/E ratio to its expected earnings growth rate, stands at 2.58, suggesting that the stock may be overvalued relative to its future earnings.
These insights are derived from InvestingPro, a platform that provides valuable tips and real-time data for informed investment decisions. Currently, InvestingPro is offering a special Black Friday sale with a discount of up to 55%. With a subscription, you can access numerous additional tips that can further guide your investment strategy.
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