Short Interest in Rhinebeck Bancorp, Inc. (NASDAQ:RBKB) Rises By 57.1%

Rhinebeck Bancorp, Inc. (NASDAQ:RBKBGet Rating) saw a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 2,200 shares, an increase of 57.1% from the March 15th total of 1,400 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 7,100 shares, the short-interest ratio is currently 0.3 days.

Shares of NASDAQ RBKB remained flat at $$10.30 during trading on Friday. 96 shares of the company’s stock were exchanged, compared to its average volume of 3,146. Rhinebeck Bancorp has a one year low of $9.74 and a one year high of $11.52. The stock has a market cap of $116.39 million, a PE ratio of 9.72 and a beta of 1.17. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.18. The business’s 50 day moving average is $10.53 and its 200 day moving average is $10.73.

Rhinebeck Bancorp (NASDAQ:RBKBGet Rating) last announced its earnings results on Thursday, January 27th. The company reported $0.27 earnings per share for the quarter. Rhinebeck Bancorp had a net margin of 22.61% and a return on equity of 9.42%. The company had revenue of $12.13 million during the quarter.

Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. raised its stake in shares of Rhinebeck Bancorp by 165.0% in the third quarter. BlackRock Inc. now owns 11,623 shares of the company’s stock worth $127,000 after acquiring an additional 7,237 shares during the last quarter. BHZ Capital Management LP bought a new stake in shares of Rhinebeck Bancorp during the fourth quarter worth approximately $183,000. John G Ullman & Associates Inc. raised its stake in shares of Rhinebeck Bancorp by 28.0% during the fourth quarter. John G Ullman & Associates Inc. now owns 41,200 shares of the company’s stock worth $439,000 after buying an additional 9,000 shares during the last quarter. Finally, M3F Inc. raised its stake in shares of Rhinebeck Bancorp by 1.5% during the third quarter. M3F Inc. now owns 510,319 shares of the company’s stock worth $5,562,000 after buying an additional 7,727 shares during the last quarter. 20.14% of the stock is owned by institutional investors.

About Rhinebeck Bancorp (Get Rating)

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; automobile loans; commercial real estate loans, including multi-family real estate loans, commercial construction, and land development loans; commercial business loans; and one-to four-family residential real estate loans.

Further Reading

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.