Raymond James has revised its outlook on TriCo Bancshares (TCBK, Financial), reducing the price target from $48 to $43 while maintaining an Outperform rating. Despite the downward adjustment, the evaluation reflects the analyst's confidence in the company's core fundamentals, which showed consistency with expectations in the first quarter.
According to Raymond James analyst David Feaster, TriCo's performance aligns with forecasted results, maintaining solid underlying trends. The firm continues to see a favorable balance between risk and reward for the bank, indicating optimism about its future prospects despite the lowered target price.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 6 analysts, the average target price for TriCo Bancshares (TCBK, Financial) is $48.00 with a high estimate of $56.00 and a low estimate of $43.00. The average target implies an upside of 21.73% from the current price of $39.43. More detailed estimate data can be found on the TriCo Bancshares (TCBK) Forecast page.
Based on the consensus recommendation from 6 brokerage firms, TriCo Bancshares's (TCBK, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for TriCo Bancshares (TCBK, Financial) in one year is $44.83, suggesting a upside of 13.7% from the current price of $39.43. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the TriCo Bancshares (TCBK) Summary page.
