River City Bank (NASDAQ:RCBC) Stock to Pay Quarterly Dividend of $0.05

River City Bank (NASDAQ:RCBC) announced a quarterly dividend on Friday, October 23rd. Investors of record on Tuesday, November 3rd will be given 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 is Tuesday, November 3rd.

River City Bank Stock Performance

Shares of RCBC stock opened at $57.99 on Friday. The firm has a 50-day moving average price of $53.64. River City Bank has a one year low of $38.76 and a one year high of $59.25. The stock has a market capitalization of $811.28 million and a P/E ratio of 44.95.

River City Bank (NASDAQ:RCBC) last issued its quarterly earnings results on Friday, October 23rd. The company reported $1.29 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.29. The company had revenue of $40.50 million for the quarter, compared to analysts’ expectations of $39.68 million. On average, equities research analysts predict that River City Bank will post 5.39 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on RCBC. Weiss Ratings started coverage on River City Bank in a research note on Friday, August 28th. They set a “sell (d)” rating for the company. Zacks Research upgraded River City Bank to a “hold” rating in a research note on Tuesday, September 1st. Keefe, Bruyette & Woods raised River City Bank to a “moderate buy” rating in a report on Monday, August 31st. Raymond James Financial started coverage on River City Bank in a research report on Monday, August 31st. They set an “outperform” rating and a $56.00 price target for the company. Finally, Stephens began coverage on River City Bank in a report on Monday, August 31st. They set an “equal weight” rating and a $54.00 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 assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $57.00.

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.