Rhinebeck Bancorp, Inc. (NASDAQ:RBKB – Get Rating) was the target of a large decrease in short interest in the month of May. As of May 15th, there was short interest totalling 700 shares, a decrease of 68.2% from the April 30th total of 2,200 shares. Based on an average daily volume of 6,300 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold.
Large investors have recently added to or reduced their stakes in the business. BHZ Capital Management LP acquired a new stake in Rhinebeck Bancorp during the 4th quarter valued at approximately $183,000. Vanguard Group Inc. increased its position in Rhinebeck Bancorp by 48.2% during the 1st quarter. Vanguard Group Inc. now owns 179,535 shares of the company’s stock valued at $1,824,000 after purchasing an additional 58,400 shares during the period. John G Ullman & Associates Inc. increased its position in Rhinebeck Bancorp by 28.0% during the 4th quarter. John G Ullman & Associates Inc. now owns 41,200 shares of the company’s stock valued at $439,000 after purchasing an additional 9,000 shares during the period. BlackRock Inc. increased its position in Rhinebeck Bancorp by 165.0% during the 3rd quarter. BlackRock Inc. now owns 11,623 shares of the company’s stock valued at $127,000 after purchasing an additional 7,237 shares during the period. Finally, M3F Inc. increased its position in Rhinebeck Bancorp by 1.5% during the 3rd quarter. M3F Inc. now owns 510,319 shares of the company’s stock valued at $5,562,000 after purchasing an additional 7,727 shares during the period. 20.06% of the stock is owned by institutional investors and hedge funds.
NASDAQ:RBKB opened at $9.41 on Thursday. The company has a market capitalization of $106.30 million, a PE ratio of 10.01 and a beta of 1.06. The company has a 50 day simple moving average of $10.05 and a two-hundred day simple moving average of $10.53. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.82 and a current ratio of 0.82. Rhinebeck Bancorp has a fifty-two week low of $9.31 and a fifty-two week high of $11.52.
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.
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