River City Bank (NASDAQ:RCBC) Announces Earnings Results, Meets Expectations

River City Bank (NASDAQ:RCBC) announced its earnings results on Friday. The company reported $1.29 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.29, Zacks reports. The firm had revenue of $40.50 million for the quarter, compared to analyst estimates of $39.68 million.

River City Bank Trading Down 0.6%

Shares of RCBC stock opened at $55.17 on Friday. River City Bank has a 1-year low of $38.50 and a 1-year high of $56.71.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Stephens began coverage on River City Bank in a report on Monday, August 31st. They issued an “equal weight” rating and a $54.00 price target for the company. Zacks Research raised River City Bank to a “hold” rating in a research note on Tuesday, September 1st. Wall Street Zen upgraded River City Bank to a “hold” rating in a report on Saturday, September 26th. Raymond James Financial started coverage on River City Bank in a report on Monday, August 31st. They set an “outperform” rating and a $56.00 price objective on the stock. Finally, Weiss Ratings assumed coverage on River City Bank in a research report on Friday, August 28th. They issued a “sell (d)” rating for the company. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $55.00.

River City Bank Company Profile

River City Bank is a California-based commercial bank that provides banking and financial services to businesses, professionals, nonprofit organizations and individuals. The bank focuses on relationship-based banking and offers commercial and real estate lending, business and personal deposit accounts, treasury management and online banking services.

Founded in 1973, River City Bank is headquartered in Sacramento and serves customers primarily throughout Northern California. Its banking activities include providing credit facilities for commercial enterprises and real estate projects, along with cash-management and other financial solutions designed to support business operations.

River City Bank operates through its banking offices and digital channels, serving markets that include the Sacramento region and the San Francisco Bay Area.