Rhinebeck Bancorp (NASDAQ:RBKB) Shares Down 1.7% – What’s Next?

Rhinebeck Bancorp, Inc. (NASDAQ:RBKB) was down 1.7% on Monday . The stock traded as low as $11.50 and last traded at $11.54. Approximately 3,668 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 7,143 shares. The stock had previously closed at $11.73.

Rhinebeck Bancorp Price Performance

The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.53. The firm has a market cap of $128.02 million, a PE ratio of -14.24 and a beta of 0.43. The stock has a 50 day moving average price of $10.79 and a two-hundred day moving average price of $10.23.

Rhinebeck Bancorp (NASDAQ:RBKB) last released its earnings results on Thursday, April 24th. The company reported $0.21 earnings per share for the quarter. The company had revenue of $12.79 million for the quarter. Rhinebeck Bancorp had a negative net margin of 15.89% and a positive return on equity of 3.44%.

Hedge Funds Weigh In On Rhinebeck Bancorp

Hedge funds have recently made changes to their positions in the company. State of Wyoming purchased a new stake in Rhinebeck Bancorp during the 4th quarter valued at about $25,000. Dimensional Fund Advisors LP lifted its holdings in shares of Rhinebeck Bancorp by 24.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 22,704 shares of the company’s stock worth $219,000 after purchasing an additional 4,519 shares during the period. Empowered Funds LLC boosted its position in Rhinebeck Bancorp by 3.4% in the first quarter. Empowered Funds LLC now owns 53,026 shares of the company’s stock valued at $522,000 after buying an additional 1,762 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in Rhinebeck Bancorp by 70.8% in the fourth quarter. Alliancebernstein L.P. now owns 196,254 shares of the company’s stock valued at $1,898,000 after buying an additional 81,345 shares during the last quarter. 23.88% of the stock is owned by institutional investors and hedge funds.

About Rhinebeck Bancorp

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, commercial and personal checking, individual retirement, and saving accounts, as well as certificates of deposit.