River City Bank (NASDAQ:RCBC) Shares Shorted: Short Interest Up 2,901.8% in September

River City Bank (NASDAQ:RCBC) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 86,272 shares, an increase of 2,901.8% from the August 31st total of 2,874 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average trading volume of 71,546 shares, the short-interest ratio is currently 1.2 days.

River City Bank Stock Performance

Shares of RCBC stock traded down $0.50 on Thursday, reaching $50.52. 78,790 shares of the stock were exchanged, compared to its average volume of 21,026. River City Bank has a one year low of $38.20 and a one year high of $54.88.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on RCBC shares. Keefe, Bruyette & Woods raised River City Bank to a “moderate buy” rating in a research note on Monday, August 31st. Zacks Research upgraded River City Bank to a “hold” rating in a research note on Tuesday, September 1st. Stephens initiated coverage on shares of River City Bank in a research report on Monday, August 31st. They set an “equal weight” rating and a $54.00 price target on the stock. Weiss Ratings initiated coverage on shares of River City Bank in a report on Friday, August 28th. They set a “sell (d)” rating on the stock. Finally, DA Davidson assumed coverage on shares of River City Bank in a research report on Monday, August 31st. They issued a “neutral” rating and a $55.00 price objective for the company. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $55.00.

About River City Bank

River City Bank is a commercial bank headquartered in Sacramento, California. The bank provides banking and financial services to businesses, professionals, nonprofit organizations and individuals, with an emphasis on relationship-based commercial banking.

Its products and services include commercial and industrial lending, commercial real estate financing, construction loans, business lines of credit, residential and consumer loans, deposit accounts, treasury management and online banking services.