Rhinebeck Bancorp, Inc. (NASDAQ:RBKB – Get Free Report) Director Nancy Koskey Patzwahl bought 25,000 shares of the business’s stock in a transaction on Wednesday, July 22nd. The stock was acquired at an average cost of $11.94 per share, for a total transaction of $298,500.00. Following the acquisition, the director directly owned 27,270 shares of the company’s stock, valued at $325,603.80. The trade was a 1,101.32% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Rhinebeck Bancorp Stock Performance
RBKB stock traded up $0.16 during midday trading on Tuesday, reaching $12.46. The company had a trading volume of 59,906 shares, compared to its average volume of 40,546. The firm has a market capitalization of $194.51 million, a PE ratio of 17.54 and a beta of 0.15. The stock has a 50 day moving average price of $16.36 and a 200 day moving average price of $15.28. Rhinebeck Bancorp, Inc. has a fifty-two week low of $6.72 and a fifty-two week high of $12.85. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.07.
Rhinebeck Bancorp (NASDAQ:RBKB – Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $0.24 earnings per share for the quarter. The business had revenue of $13.38 million for the quarter. Rhinebeck Bancorp had a return on equity of 7.24% and a net margin of 12.99%.
Wall Street Analyst Weigh In
Read Our Latest Stock Analysis on Rhinebeck Bancorp
Institutional Trading of Rhinebeck Bancorp
Several hedge funds have recently added to or reduced their stakes in RBKB. Geode Capital Management LLC boosted its position in Rhinebeck Bancorp by 122.2% during the 2nd quarter. Geode Capital Management LLC now owns 87,643 shares of the company’s stock worth $1,028,000 after acquiring an additional 48,203 shares during the period. New York State Common Retirement Fund acquired a new position in shares of Rhinebeck Bancorp during the second quarter valued at $97,000. Raymond James Financial Inc. bought a new stake in shares of Rhinebeck Bancorp during the second quarter valued at about $75,000. Alliancebernstein L.P. raised its stake in shares of Rhinebeck Bancorp by 1.2% during the third quarter. Alliancebernstein L.P. now owns 390,959 shares of the company’s stock valued at $4,441,000 after purchasing an additional 4,718 shares in the last quarter. Finally, Bridgeway Capital Management LLC raised its stake in shares of Rhinebeck Bancorp by 5.7% during the third quarter. Bridgeway Capital Management LLC now owns 72,756 shares of the company’s stock valued at $827,000 after purchasing an additional 3,898 shares in the last quarter. Institutional investors own 23.88% of the company’s stock.
About Rhinebeck Bancorp
Rhinebeck Bancorp, Inc (NASDAQ: RBKB) is the bank holding company for Rhinebeck Bank, a community-focused financial institution headquartered in Rhinebeck, New York. Through its subsidiary, the company offers a full range of banking services including personal checking and savings accounts, business deposit products, residential mortgage lending and consumer loans. Rhinebeck Bancorp leverages its local presence to provide tailored financial solutions and responsive customer service to individuals and small businesses throughout the Hudson Valley region.
The origins of Rhinebeck Bank trace back to the late 19th century, reflecting more than a century of service to Ulster, Dutchess and neighboring counties.
Read More
- Five stocks we like better than Rhinebeck Bancorp
- Is the Market Mispricing ServiceNow’s AI Future?
- Nano Nuclear’s Air Force Contract Puts Its Short-Squeeze Setup in Focus
- Amkor Sells Off After Earnings—Why Weak Guidance Isn’t the Real Story
- 5 Space Stocks Face a Brutal Correction: Which Ones Are Still Buys?
Receive News & Ratings for Rhinebeck Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rhinebeck Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.
