River City Bank (NASDAQ:RCBC) Posts Earnings Results

River City Bank (NASDAQ:RCBC) issued its earnings results on Friday. The company reported $1.29 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.29, Zacks reports.

River City Bank Stock Performance

Shares of NASDAQ:RCBC traded down $0.35 during mid-day trading on Friday, hitting $55.17. The stock had a trading volume of 31,361 shares, compared to its average volume of 30,676. River City Bank has a 12-month low of $38.50 and a 12-month high of $56.71.

Analysts Set New Price Targets

Several research analysts have commented on RCBC shares. Keefe, Bruyette & Woods raised River City Bank to a “moderate buy” rating in a research report on Monday, August 31st. Raymond James Financial assumed coverage on shares of River City Bank in a research note on Monday, August 31st. They issued an “outperform” rating and a $56.00 target price on the stock. Weiss Ratings assumed coverage on shares of River City Bank in a research note on Friday, August 28th. They set a “sell (d)” rating on the stock. Stephens assumed coverage on River City Bank in a report on Monday, August 31st. They issued an “equal weight” rating and a $54.00 price objective for the company. Finally, Zacks Research raised River City Bank to a “hold” rating in a research note on Tuesday, September 1st. Two 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. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $55.00.

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.