Rhinebeck Bancorp (NASDAQ:RBKB) Shares Down 0.2% – Should You Sell?

Rhinebeck Bancorp, Inc. (NASDAQ:RBKB) shares traded down 0.2% during trading on Thursday . The stock traded as low as $16.24 and last traded at $16.33. 9,295 shares changed hands during mid-day trading, a decline of 29% from the average session volume of 13,138 shares. The stock had previously closed at $16.37.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Rhinebeck Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, April 24th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy”.

Rhinebeck Bancorp Stock Down 0.2%

The firm has a market capitalization of $182.41 million, a price-to-earnings ratio of 17.95 and a beta of 0.16. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.07. The firm has a 50 day moving average price of $15.77 and a two-hundred day moving average price of $13.99.

Rhinebeck Bancorp (NASDAQ:RBKB) last released its quarterly earnings data on Thursday, April 23rd. The company reported $0.20 earnings per share for the quarter. The business had revenue of $12.66 million for the quarter. Rhinebeck Bancorp had a return on equity of 7.42% and a net margin of 13.20%.

Hedge Funds Weigh In On Rhinebeck Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of the company. Alliancebernstein L.P. lifted its stake in shares of Rhinebeck Bancorp by 1.2% in the 3rd 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. Geode Capital Management LLC lifted its stake in shares of Rhinebeck Bancorp by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 92,371 shares of the company’s stock valued at $1,110,000 after purchasing an additional 3,258 shares in the last quarter. Bridgeway Capital Management LLC lifted its stake in shares of Rhinebeck Bancorp by 5.7% in the 3rd 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. Empowered Funds LLC lifted its stake in shares of Rhinebeck Bancorp by 3.2% in the 1st quarter. Empowered Funds LLC now owns 59,627 shares of the company’s stock valued at $919,000 after purchasing an additional 1,871 shares in the last quarter. Finally, State Street Corp lifted its stake in shares of Rhinebeck Bancorp by 7.9% in the 4th quarter. State Street Corp now owns 29,917 shares of the company’s stock valued at $360,000 after purchasing an additional 2,202 shares in the last quarter. 23.88% of the stock is owned by institutional investors and hedge funds.

Rhinebeck Bancorp Company Profile

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.