River City Bank (NASDAQ:RCBC) Stock Now Rated “Hold” by Wall Street Analysts

Shares of River City Bank (NASDAQ:RCBC) have been assigned a consensus rating of “Hold” from the six ratings firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $57.00.

A number of analysts have commented on the stock. DA Davidson increased their price target on shares of River City Bank from $55.00 to $61.00 and gave the company a “neutral” rating in a research note on Tuesday. Stephens initiated coverage on shares of River City Bank in a research note on Monday, August 31st. They issued an “equal weight” rating and a $54.00 target price for the company. Weiss Ratings started coverage on River City Bank in a report on Friday, August 28th. They set a “sell (d)” rating for the company. Wall Street Zen raised River City Bank to a “hold” rating in a research report on Saturday, September 26th. Finally, Raymond James Financial started coverage on River City Bank in a research report on Monday, August 31st. They set an “outperform” rating and a $56.00 price target on the stock.

River City Bank Trading Down 0.3%

NASDAQ:RCBC opened at $58.75 on Friday. River City Bank has a twelve month low of $38.76 and a twelve month high of $59.25. The business’s 50 day moving average is $53.54.

River City Bank (NASDAQ:RCBC) last announced its quarterly earnings data on Friday, October 23rd. The company reported $1.29 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.29. The company had revenue of $40.50 million for the quarter, compared to the consensus estimate of $39.68 million. Research analysts forecast that River City Bank will post 5.04 EPS for the current fiscal year.

River City Bank Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 17th. Investors of record on Tuesday, November 3rd will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Tuesday, November 3rd.

River City Bank Company Profile

River City Bank is a California-based commercial bank that provides banking and financial services to businesses, professionals, nonprofit organizations and individuals. The bank focuses on relationship-based banking and offers commercial and real estate lending, business and personal deposit accounts, treasury management and online banking services.

Founded in 1973, River City Bank is headquartered in Sacramento and serves customers primarily throughout Northern California. Its banking activities include providing credit facilities for commercial enterprises and real estate projects, along with cash-management and other financial solutions designed to support business operations.

River City Bank operates through its banking offices and digital channels, serving markets that include the Sacramento region and the San Francisco Bay Area.