River City Bank (NASDAQ:RCBC) Short Interest Down 44.3% in August

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

Analysts Set New Price Targets

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

River City Bank Stock Up 1.1%

River City Bank stock traded up $0.60 during mid-day trading on Thursday, reaching $53.35. The company’s stock had a trading volume of 21,994 shares, compared to its average volume of 15,771. River City Bank has a twelve month low of $38.00 and a twelve month high of $54.88.

River City Bank Company Profile

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.