River City Bank (NASDAQ:RCBC) Given New $61.00 Price Target at Stephens

River City Bank (NASDAQ:RCBC) had its price target upped by analysts at Stephens from $55.00 to $61.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Stephens‘s price objective would indicate a potential upside of 3.42% from the company’s previous close.

RCBC has been the subject of several other reports. Wall Street Zen raised shares of River City Bank to a “hold” rating in a research note on Saturday, September 26th. Keefe, Bruyette & Woods raised River City Bank to a “moderate buy” rating in a research note on Monday, August 31st. Weiss Ratings initiated coverage on River City Bank in a report on Friday, August 28th. They issued a “sell (d)” rating on the stock. Raymond James Financial assumed coverage on River City Bank in a research note on Monday, August 31st. They issued an “outperform” rating and a $56.00 target price for the company. Finally, Zacks Research upgraded River City Bank to a “hold” rating in a report on Tuesday, September 1st. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $59.33.

River City Bank Stock Up 1.7%

Shares of NASDAQ RCBC traded up $0.99 during mid-day trading on Monday, reaching $58.98. 48,248 shares of the company were exchanged, compared to its average volume of 31,817. The stock has a 50 day moving average of $53.64. River City Bank has a 52 week low of $38.76 and a 52 week high of $59.25. The stock has a market cap of $825.20 million and a PE ratio of 45.72.

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

About River City Bank

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.