River City Bank (NASDAQ:RCBC – Get Free Report) saw a significant increase in short interest in September. As of September 30th, there was short interest totaling 150,874 shares, an increase of 74.9% from the September 15th total of 86,272 shares. Based on an average daily volume of 125,879 shares, the days-to-cover ratio is currently 1.2 days. Currently, 1.1% of the company’s stock are short sold.
River City Bank Price Performance
Shares of River City Bank stock traded up $0.05 on Thursday, hitting $53.64. The stock had a trading volume of 14,040 shares, compared to its average volume of 27,936. River City Bank has a 52-week low of $38.30 and a 52-week high of $56.71.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on RCBC shares. Raymond James Financial started coverage on shares of River City Bank in a research report on Monday, August 31st. They set an “outperform” rating and a $56.00 price objective for the company. Wall Street Zen upgraded shares of River City Bank to a “hold” rating in a report on Saturday, September 26th. DA Davidson began coverage on shares of River City Bank in a research report on Monday, August 31st. They issued a “neutral” rating and a $55.00 target price on the stock. Weiss Ratings initiated coverage on shares of River City Bank in a research note on Friday, August 28th. They set a “sell (d)” rating on the stock. Finally, Zacks Research upgraded shares of River City Bank to a “hold” rating in a research note on Tuesday, September 1st. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, River City Bank has a consensus rating of “Hold” and an average target price of $55.00.
About River City Bank
River City Bank is a community-focused commercial bank headquartered in Sacramento, California. The bank provides banking services to businesses, nonprofit organizations, professionals and individuals, with an emphasis on relationship-based financial solutions and local market expertise.
Its products and services include commercial and small-business lending, commercial real estate financing, construction loans, business checking and savings accounts, treasury management, online and mobile banking, residential mortgage lending and personal deposit services.
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