River City Bank (NASDAQ:RCBC – Get Free Report) saw a significant growth in short interest in September. As of September 15th, there was short interest totaling 86,272 shares, a growth of 2,901.8% from the August 31st total of 2,874 shares. Based on an average trading volume of 71,546 shares, the short-interest ratio is currently 1.2 days. Currently, 0.6% of the shares of the company are short sold.
River City Bank Stock Up 1.2%
Shares of NASDAQ:RCBC traded up $0.59 on Friday, reaching $51.11. The company’s stock had a trading volume of 8,532 shares, compared to its average volume of 20,917. River City Bank has a 52-week low of $38.20 and a 52-week high of $54.88.
Analyst Ratings Changes
A number of analysts have recently commented on the company. Keefe, Bruyette & Woods upgraded River City Bank to a “moderate buy” rating in a research report on Monday, August 31st. Weiss Ratings initiated coverage on River City Bank in a research report on Friday, August 28th. They issued a “sell (d)” rating for the company. Raymond James Financial initiated coverage on River City Bank in a research note on Monday, August 31st. They set an “outperform” rating and a $56.00 price target on the stock. Stephens started coverage on River City Bank in a research report on Monday, August 31st. They set an “equal weight” rating and a $54.00 price target on the stock. Finally, Zacks Research upgraded River City Bank to a “hold” rating in a research note on Tuesday, September 1st. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, River City Bank presently has a consensus rating of “Hold” and a consensus price target of $55.00.
About River City Bank
River City Bank is a commercial bank headquartered in Sacramento, California. The bank provides banking and financial services to businesses, professionals, nonprofit organizations and individuals, with an emphasis on relationship-based commercial banking.
Its products and services include commercial and industrial lending, commercial real estate financing, construction loans, business lines of credit, residential and consumer loans, deposit accounts, treasury management and online banking services.
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