Short Interest in River City Bank (NASDAQ:RCBC) Decreases By 44.3%

River City Bank (NASDAQ:RCBC) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totaling 2,874 shares, a drop 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. Currently, 0.0% of the company’s stock are short sold.

River City Bank Stock Performance

RCBC stock traded down $0.15 during mid-day trading on Tuesday, reaching $52.65. 43,468 shares of the stock traded hands, compared to its average volume of 14,717. River City Bank has a 52 week low of $38.00 and a 52 week high of $54.88.

Wall Street Analysts Forecast Growth

RCBC has been the subject of a number of recent research reports. Zacks Research raised River City Bank to a “hold” rating in a research note on Tuesday, September 1st. Keefe, Bruyette & Woods upgraded shares of River City Bank to a “moderate buy” rating in a report on Monday, August 31st. Raymond James Financial initiated coverage on shares of River City Bank in a report on Monday, August 31st. They issued an “outperform” rating and a $56.00 price objective for the company. Weiss Ratings assumed coverage on River City Bank in a report on Friday, August 28th. They set a “sell (d)” rating on the stock. Finally, Stephens assumed coverage on River City Bank in a research note on Monday, August 31st. They set an “equal weight” rating and a $54.00 price target 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. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target 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.