River City Bank (NASDAQ:RCBC) Sees Strong Trading Volume Following Analyst Upgrade

River City Bank (NASDAQ:RCBC) shares saw unusually-high trading volume on Tuesday after Keefe, Bruyette & Woods upgraded the stock to a moderate buy rating. Approximately 32,414 shares traded hands during trading, an increase of 207% from the previous session’s volume of 10,549 shares.The stock last traded at $51.3240 and had previously closed at $51.16.

A number of other research analysts have also issued reports on the stock. DA Davidson started coverage on shares of River City Bank in a report on Monday. They issued a “neutral” rating and a $55.00 price objective for the company. Weiss Ratings assumed coverage on shares of River City Bank in a report on Friday. They set a “sell (d)” rating on the stock. Stephens started coverage on shares of River City Bank in a research note on Monday. They issued an “equal weight” rating and a $54.00 price objective on the stock. Finally, Raymond James Financial initiated coverage on River City Bank in a research report on Monday. They set an “outperform” rating and a $56.00 target price for the company. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $55.00.

River City Bank Stock Performance

About River City Bank

River City Bank is a California-based commercial bank headquartered in Sacramento. Founded in 1973, the bank provides banking and financial services to businesses, nonprofit organizations, professionals and individuals, with a focus on relationship-based service and customized financial solutions.

The bank’s offerings include commercial and commercial real estate lending, business and personal deposit accounts, treasury management, online and mobile banking, cash-management services and other traditional banking products.