Rhinebeck Bancorp (NASDAQ:RBKB) Shares Down 4.4% – Here’s What Happened

Rhinebeck Bancorp, Inc. (NASDAQ:RBKB) traded down 4.4% during mid-day trading on Monday . The company traded as low as $15.26 and last traded at $15.31. 60,044 shares were traded during mid-day trading, an increase of 545% from the average session volume of 9,306 shares. The stock had previously closed at $16.01.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Rhinebeck Bancorp in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Rhinebeck Bancorp presently has an average rating of “Hold”.

Rhinebeck Bancorp Stock Performance

The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market cap of $170.71 million, a P/E ratio of 16.64 and a beta of 0.12. The firm has a 50 day moving average price of $13.80 and a 200-day moving average price of $12.27.

Rhinebeck Bancorp (NASDAQ:RBKB) last issued its quarterly earnings data on Thursday, January 29th. The company reported $0.21 earnings per share for the quarter. The business had revenue of $13.51 million for the quarter. Rhinebeck Bancorp had a return on equity of 7.77% and a net margin of 13.24%.

Institutional Trading of Rhinebeck Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of the company. Empowered Funds LLC boosted its holdings in shares of Rhinebeck Bancorp by 3.4% during the 1st quarter. Empowered Funds LLC now owns 53,026 shares of the company’s stock worth $522,000 after buying an additional 1,762 shares during the period. Geode Capital Management LLC raised its holdings in Rhinebeck Bancorp by 122.2% in the 2nd quarter. Geode Capital Management LLC now owns 87,643 shares of the company’s stock worth $1,028,000 after acquiring an additional 48,203 shares during the period. JPMorgan Chase & Co. acquired a new position in Rhinebeck Bancorp during the 2nd quarter worth $25,000. New York State Common Retirement Fund acquired a new position in Rhinebeck Bancorp during the 2nd quarter worth $97,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Rhinebeck Bancorp in the 2nd quarter worth approximately $29,000. 23.88% of the stock is currently 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.