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

by · The Markets Daily

River City Bank (NASDAQ:RCBC – Get Free Report) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 150,874 shares, a growth of 74.9% from the September 15th total of 86,272 shares. Based on an average daily volume of 125,879 shares, the short-interest ratio is presently 1.2 days. Approximately 1.1% of the shares of the company are short sold.

River City Bank Stock Performance

Shares of RCBC stock traded down $0.11 during mid-day trading on Friday, reaching $53.86. The company’s stock had a trading volume of 141,969 shares, compared to its average volume of 28,985. 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 analysts recently weighed in on the company. Weiss Ratings initiated coverage on River City Bank in a research note on Friday, August 28th. They set a “sell (d)” rating for the company. DA Davidson started coverage on River City Bank in a research report on Monday, August 31st. They issued a “neutral” rating and a $55.00 price target on the stock. Zacks Research upgraded River City Bank to a “hold” rating in a report on Tuesday, September 1st. Raymond James Financial assumed coverage on River City Bank in a research report on Monday, August 31st. They issued an “outperform” rating and a $56.00 price objective for the company. Finally, Wall Street Zen raised River City Bank to a “hold” rating in a research report on Saturday, September 26th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $55.00.

Check Out Our Latest Stock Analysis on RCBC

About River City Bank

(Get Free Report)

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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