River City Bank (NASDAQ:RCBC) Sees Significant Increase in Short Interest

River City Bank (NASDAQ:RCBC) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 86,272 shares, a growth of 2,901.8% from the August 31st total of 2,874 shares. Based on an average daily trading volume, of 71,546 shares, the short-interest ratio is currently 1.2 days. Approximately 0.6% of the company’s stock are short sold.

Analyst Ratings Changes

RCBC has been the subject of a number of analyst reports. Weiss Ratings assumed coverage on shares of River City Bank in a research report on Friday, August 28th. They issued a “sell (d)” rating for the company. Keefe, Bruyette & Woods raised River City Bank to a “moderate buy” rating in a research report on Monday, August 31st. Wall Street Zen upgraded River City Bank to a “hold” rating in a research note on Saturday. Zacks Research upgraded River City Bank to a “hold” rating in a research note on Tuesday, September 1st. Finally, Stephens initiated coverage on River City Bank in a research note on Monday, August 31st. They set an “equal weight” rating and a $54.00 price objective for the company. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $55.00.

River City Bank Stock Up 1.1%

NASDAQ RCBC opened at $51.08 on Friday. River City Bank has a 12 month low of $38.20 and a 12 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.