River City Bank (NASDAQ:RCBC) Coverage Initiated at Raymond James Financial

Investment analysts at Raymond James Financial began coverage on shares of River City Bank (NASDAQ:RCBC) in a research report issued on Monday. The brokerage set an “outperform” rating and a $56.00 price target on the stock. Raymond James Financial’s price objective would suggest a potential upside of 10.08% from the stock’s previous close.

A number of other brokerages have also commented on RCBC. DA Davidson started coverage on River City Bank in a research note on Monday. They issued a “neutral” rating and a $55.00 target price for the company. Stephens initiated coverage on shares of River City Bank in a research note on Monday. They issued an “equal weight” rating and a $54.00 price objective for the company. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $55.00.

River City Bank Stock Performance

Shares of RCBC stock opened at $50.87 on Monday.

River City Bank is a California-based commercial bank headquartered in Sacramento. Founded in 1973, the bank provides banking and financial services to businesses, nonprofit organizations, professionals and individuals, with a focus on relationship-based service and customized financial solutions.

The bank’s offerings include commercial and commercial real estate lending, business and personal deposit accounts, treasury management, online and mobile banking, cash-management services and other traditional banking products.