River City Bank (NASDAQ:RCBC) Stock Short Interest Report for September

River City Bank (NASDAQ:RCBC) was the recipient of a large 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 trading volume, of 125,879 shares, the short-interest ratio is currently 1.2 days. Approximately 1.1% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. DA Davidson assumed coverage on shares of River City Bank in a report on Monday, August 31st. They issued a “neutral” rating and a $55.00 target price for the company. Weiss Ratings assumed coverage on River City Bank in a research note on Friday, August 28th. They issued a “sell (d)” rating for the company. Raymond James Financial initiated coverage on River City Bank in a report on Monday, August 31st. They set an “outperform” rating and a $56.00 price target on the stock. Keefe, Bruyette & Woods upgraded River City Bank to a “moderate buy” rating in a research report on Monday, August 31st. Finally, Zacks Research raised River City Bank to a “hold” rating in a research note on Tuesday, September 1st. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $55.00.

River City Bank Price Performance

River City Bank stock traded down $0.11 during midday trading on Friday, reaching $53.86. 141,969 shares of the stock traded hands, compared to its average volume of 118,124. River City Bank has a 12 month low of $38.50 and a 12 month high of $56.71.

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.