River City Bank (RCBC) To Go Ex-Dividend on November 3rd

River City Bank (NASDAQ:RCBC) declared a quarterly dividend on Friday, October 23rd. Shareholders of record on Tuesday, November 3rd will be given a dividend of $0.05 per share on Tuesday, November 17th. This represents a $0.20 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Tuesday, November 3rd.

River City Bank Trading Down 1.3%

Shares of NASDAQ:RCBC opened at $57.99 on Friday. The company has a market capitalization of $811.28 million and a price-to-earnings ratio of 44.95. The stock’s fifty day moving average is $53.64. River City Bank has a fifty-two week low of $38.76 and a fifty-two week high of $59.25.

River City Bank (NASDAQ:RCBC) last announced its quarterly earnings results on Friday, October 23rd. The company reported $1.29 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.29. The firm had revenue of $40.50 million for the quarter, compared to analyst estimates of $39.68 million. Equities research analysts anticipate that River City Bank will post 5.39 EPS for the current year.

Analyst Upgrades and Downgrades

RCBC has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods raised River City Bank to a “moderate buy” rating in a research report on Monday, August 31st. Stephens assumed coverage on River City Bank in a research report on Monday, August 31st. They set an “equal weight” rating and a $54.00 target price on the stock. Wall Street Zen upgraded shares of River City Bank to a “hold” rating in a research report on Saturday, September 26th. DA Davidson raised their target price on shares of River City Bank from $55.00 to $61.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Weiss Ratings started coverage on River City Bank in a research report on Friday, August 28th. They set a “sell (d)” rating for the company. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, River City Bank has an average rating of “Hold” and an average price target of $57.00.

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.