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

Shares of River City Bank (NASDAQ:RCBC) have been assigned an average recommendation of “Hold” from the six analysts that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $57.00.

RCBC has been the subject of several research reports. Raymond James Financial started coverage on River City Bank in a report on Monday, August 31st. They issued an “outperform” rating and a $56.00 target price for the company. Stephens initiated 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. Keefe, Bruyette & Woods upgraded River City Bank to a “moderate buy” rating in a research note on Monday, August 31st. Zacks Research upgraded River City Bank to a “hold” rating in a research note on Tuesday, September 1st. Finally, Weiss Ratings started coverage on River City Bank in a report on Friday, August 28th. They issued a “sell (d)” rating for the company.

River City Bank Stock Up 1.7%

Shares of NASDAQ RCBC opened at $57.68 on Friday. The company has a 50 day moving average price of $53.28. River City Bank has a 52-week low of $38.76 and a 52-week high of $57.96.

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 the consensus estimate of $1.29. The firm had revenue of $40.50 million during the quarter, compared to the consensus estimate of $39.68 million. Analysts anticipate that River City Bank will post 5.02 EPS for the current year.

River City Bank Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 17th. Shareholders of record on Tuesday, November 3rd will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend 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.