Rhinebeck Bancorp (NASDAQ:RBKB) Trading Down 0.3%

Rhinebeck Bancorp, Inc. (NASDAQ:RBKB)’s share price was down 0.3% during mid-day trading on Wednesday . The stock traded as low as $7.55 and last traded at $7.72. Approximately 311 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 8,156 shares. The stock had previously closed at $7.74.

Rhinebeck Bancorp Stock Down 0.3 %

The firm has a fifty day simple moving average of $8.30 and a 200-day simple moving average of $7.59. The company has a market capitalization of $85.46 million, a P/E ratio of 19.30 and a beta of 0.72. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.17.

Rhinebeck Bancorp (NASDAQ:RBKB) last posted its quarterly earnings data on Thursday, January 25th. The company reported $0.09 earnings per share for the quarter. The company had revenue of $10.54 million during the quarter. Rhinebeck Bancorp had a return on equity of 4.01% and a net margin of 6.62%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Rhinebeck Bancorp by 48.2% during the first quarter. Vanguard Group Inc. now owns 179,535 shares of the company’s stock worth $1,824,000 after buying an additional 58,400 shares during the period. Alliancebernstein L.P. boosted its position in shares of Rhinebeck Bancorp by 2.9% during the fourth quarter. Alliancebernstein L.P. now owns 177,739 shares of the company’s stock worth $1,619,000 after buying an additional 5,000 shares during the period. Bridgeway Capital Management LLC boosted its position in shares of Rhinebeck Bancorp by 5.4% during the fourth quarter. Bridgeway Capital Management LLC now owns 71,023 shares of the company’s stock worth $572,000 after buying an additional 3,648 shares during the period. BHZ Capital Management LP boosted its position in Rhinebeck Bancorp by 37.7% during the fourth quarter. BHZ Capital Management LP now owns 29,189 shares of the company’s stock valued at $235,000 after purchasing an additional 7,988 shares during the last quarter. Finally, Geode Capital Management LLC acquired a new position in Rhinebeck Bancorp during the second quarter valued at approximately $148,000. 23.88% of the stock is owned by institutional investors and hedge funds.

Rhinebeck Bancorp Company Profile

Rhinebeck Bancorp, Inc operates as the bank holding company for Rhinebeck Bank that provides banking and financial products and services to consumer and commercial customers in the Hudson Valley region of New York. The company offers deposits, including non-interest-bearing demand, interest bearing demand, money market, and saving accounts, as well as certificates of deposit.