River City Bank (RCBC) to Issue Quarterly Dividend of $0.05 on November 17th

River City Bank (NASDAQ:RCBC) announced a quarterly dividend on Friday, October 23rd. Shareholders of record on Tuesday, November 3rd will be paid a dividend of $0.05 per share on Tuesday, November 17th. This represents a $0.20 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Tuesday, November 3rd.

River City Bank Stock Performance

NASDAQ:RCBC opened at $57.99 on Friday. The stock’s 50-day moving average is $53.64. River City Bank has a 52-week low of $38.76 and a 52-week high of $59.25. The company has a market cap of $811.28 million and a P/E ratio of 44.95.

River City Bank (NASDAQ:RCBC) 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 the consensus estimate of $39.68 million. As a group, research analysts forecast that River City Bank will post 5.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on RCBC. DA Davidson upped their price target on River City Bank from $55.00 to $61.00 and gave the company a “neutral” rating in a report on Tuesday. Raymond James Financial started coverage on River City Bank in a report on Monday, August 31st. They set an “outperform” rating and a $56.00 price objective on the stock. Keefe, Bruyette & Woods upgraded River City Bank to a “moderate buy” rating in a research report on Monday, August 31st. Wall Street Zen upgraded River City Bank to a “hold” rating in a research note on Saturday, September 26th. Finally, Stephens began coverage on River City Bank in a research report on Monday, August 31st. They issued an “equal weight” rating and a $54.00 target price for the company. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $57.00.

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.