City National Bank on Monday suffered a double-digit decline in its stock price after Goldman Sachs downgraded the bank to “sell.”

Shares of the Beverly Hills bank closed at $31.87, a 13 percent decline from Friday’s close.

The Goldman report gave City National a sell rating, down from the previous neutral rating. The analysis cited risk of declining value in the bank’s assets, which include real estate loans in California and Nevada.

Goldman’s new target price range is $30 to $35 per share. The stock closed on Friday at $36.70 per share.

On April 6, City National was downgraded by BMO Capital Markets to “underperform” from “market perform.”