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

River City Bank (NASDAQ:RCBC) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 2,874 shares, a decline of 44.3% from the August 15th total of 5,162 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 20,272 shares, the short-interest ratio is currently 0.1 days.

River City Bank Stock Performance

Shares of NASDAQ:RCBC traded down $0.15 during mid-day trading on Tuesday, hitting $52.65. The stock had a trading volume of 43,468 shares, compared to its average volume of 14,717. River City Bank has a 12-month low of $38.00 and a 12-month high of $54.88.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Weiss Ratings initiated coverage on shares of River City Bank in a research note on Friday, August 28th. They set a “sell (d)” rating on the stock. DA Davidson began coverage on shares of River City Bank in a report on Monday, August 31st. They issued a “neutral” rating and a $55.00 price objective for the company. Raymond James Financial assumed coverage on River City Bank in a report on Monday, August 31st. They set an “outperform” rating and a $56.00 target price on the stock. Stephens began coverage on River City Bank in a research report on Monday, August 31st. They set an “equal weight” rating and a $54.00 price target on the stock. Finally, Keefe, Bruyette & Woods upgraded River City Bank to a “moderate buy” rating in a report on Monday, August 31st. 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 MarketBeat, River City Bank presently has an average rating of “Hold” and a consensus target price of $55.00.

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.