River City Bank (NASDAQ:RCBC) Posts Earnings Results, Hits Expectations

River City Bank (NASDAQ:RCBC) posted its quarterly earnings data on Friday. The company reported $1.29 EPS for the quarter, meeting analysts’ consensus estimates of $1.29, Zacks reports.

River City Bank Price Performance

Shares of River City Bank stock traded down $0.35 on Friday, reaching $55.17. 31,396 shares of the company were exchanged, compared to its average volume of 30,761. River City Bank has a 1-year low of $38.50 and a 1-year high of $56.71.

Analysts Set New Price Targets

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