DA Davidson Initiates Coverage on River City Bank (NASDAQ:RCBC)

Analysts at DA Davidson assumed coverage on shares of River City Bank (NASDAQ:RCBC) in a research report issued on Monday,Benzinga reports. The brokerage set a “neutral” rating and a $55.00 price target on the stock. DA Davidson’s price objective would indicate a potential upside of 8.12% from the stock’s previous close.

River City Bank Stock Performance

RCBC 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.