River City Bank (NASDAQ:RCBC) Short Interest Update

River City Bank (NASDAQ:RCBC) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 2,874 shares, a decline of 44.3% from the August 15th total of 5,162 shares. Based on an average daily volume of 20,272 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

River City Bank Trading Down 0.8%

River City Bank stock traded down $0.43 during midday trading on Wednesday, reaching $52.75. The company’s stock had a trading volume of 122,300 shares, compared to its average volume of 48,345. River City Bank has a 52-week low of $38.00 and a 52-week high of $54.88.

Wall Street Analysts Forecast Growth

Several analysts have commented on RCBC shares. Weiss Ratings assumed coverage on shares of River City Bank in a research report on Friday, August 28th. They set a “sell (d)” rating for the company. DA Davidson assumed coverage on shares of River City Bank in a research note on Monday, August 31st. They set a “neutral” rating and a $55.00 price objective for the company. Raymond James Financial initiated coverage on shares of River City Bank in a research report on Monday, August 31st. They set an “outperform” rating and a $56.00 target price for the company. Keefe, Bruyette & Woods upgraded shares of River City Bank to a “moderate buy” rating in a research note on Monday, August 31st. Finally, Stephens initiated coverage on shares of River City Bank in a report on Monday, August 31st. They issued an “equal weight” rating and a $54.00 price target on the stock. Two equities research 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. According to data from MarketBeat, 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 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.