River City Bank (NASDAQ:RCBC) Stock Gets Price Target Bump from Stephens

Key Points

• Stephens raised River City Bank’s price target from $55 to $61 while maintaining an “equal weight” rating, implying about 3.42% upside from the reported share price.
• Analyst sentiment remains mixed but centers on a consensus “Hold” rating; the average price target is $59.33, with two Buy, three Hold, and one Sell rating.
• River City Bank shares rose 1.7% to $58.98, near their 12-month high of $59.25. The bank’s latest quarterly results matched expectations at $1.29 earnings per share and exceeded revenue estimates with $40.50 million.

River City Bank (NASDAQ:RCBC - Get Free Report) had its price target lifted by analysts at Stephens from $55.00 to $61.00 in a report released on Monday, Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Stephens's price objective would indicate a potential upside of 3.42% from the company's current price.

Other research analysts have also issued research reports about the stock. DA Davidson lifted their price target on shares of River City Bank from $55.00 to $61.00 and gave the company a "neutral" rating in a research note on Tuesday, October 27th. Raymond James Financial initiated coverage on shares of River City Bank in a research note on Monday, August 31st. They set an "outperform" rating and a $56.00 price objective on the stock. Keefe, Bruyette & Woods raised shares of River City Bank to a "moderate buy" rating in a research report on Monday, August 31st. Zacks Research raised shares of River City Bank to a "hold" rating in a research report on Tuesday, September 1st. Finally, Weiss Ratings began coverage on River City Bank in a report on Friday, August 28th. They set a "sell (d)" rating on the stock. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, River City Bank has a consensus rating of "Hold" and an average target price of $59.33.

River City Bank Stock Up 1.7%

Shares of River City Bank stock traded up $0.99 during trading on Monday, reaching $58.98. 48,248 shares of the company were exchanged, compared to its average volume of 31,817. The business's 50-day simple moving average is $53.64. The stock has a market cap of $825.20 million and a price-to-earnings ratio of 45.72. River City Bank has a twelve month low of $38.76 and a twelve month high of $59.25.

River City Bank (NASDAQ:RCBC - Get Free Report) last released its earnings results on Friday, October 23rd. The company reported $1.29 earnings per share for the quarter, meeting the consensus estimate of $1.29. The company had revenue of $40.50 million during the quarter, compared to analyst estimates of $39.68 million. On average, analysts expect that River City Bank will post 5.39 earnings per share for the current fiscal year.

River City Bank Company Profile

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.

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