Rhinebeck Bancorp (NASDAQ:RBKB) Trading 3% Higher

Rhinebeck Bancorp, Inc. (NASDAQ:RBKBGet Rating)’s share price traded up 3% during mid-day trading on Monday . The stock traded as high as $9.50 and last traded at $9.50. 159 shares were traded during mid-day trading, a decline of 97% from the average session volume of 5,971 shares. The stock had previously closed at $9.22.

The company’s fifty day moving average is $9.74 and its 200-day moving average is $10.36. The company has a market capitalization of $107.31 million, a PE ratio of 10.11 and a beta of 1.06. 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 (NASDAQ:RBKBGet Rating) last released its earnings results on Thursday, April 28th. The company reported $0.19 earnings per share (EPS) for the quarter. The company had revenue of $11.83 million during the quarter. Rhinebeck Bancorp had a net margin of 20.37% and a return on equity of 8.41%.

A number of hedge funds have recently bought and sold shares of RBKB. BlackRock Inc. boosted its stake in Rhinebeck Bancorp by 165.0% in the 3rd quarter. BlackRock Inc. now owns 11,623 shares of the company’s stock worth $127,000 after purchasing an additional 7,237 shares during the period. BHZ Capital Management LP bought a new position in Rhinebeck Bancorp in the 4th quarter worth approximately $183,000. John G Ullman & Associates Inc. boosted its stake in Rhinebeck Bancorp by 28.0% in the 4th quarter. John G Ullman & Associates Inc. now owns 41,200 shares of the company’s stock worth $439,000 after purchasing an additional 9,000 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Rhinebeck Bancorp by 48.2% in the 1st quarter. Vanguard Group Inc. now owns 179,535 shares of the company’s stock worth $1,824,000 after purchasing an additional 58,400 shares during the period. Institutional investors and hedge funds own 20.06% of the company’s stock.

About Rhinebeck Bancorp (NASDAQ:RBKB)

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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