Rhinebeck Bancorp (NASDAQ:RBKB) Posts Quarterly Earnings Results

Rhinebeck Bancorp (NASDAQ:RBKB) issued its quarterly earnings results on Thursday. The company reported $0.21 EPS for the quarter, Zacks reports. Rhinebeck Bancorp had a net margin of 13.41% and a return on equity of 7.46%. The business had revenue of $15.07 million during the quarter.

Rhinebeck Bancorp Stock Performance

Shares of RBKB stock opened at $12.93 on Friday. Rhinebeck Bancorp has a one year low of $6.72 and a one year high of $13.28. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market cap of $202.23 million, a PE ratio of 17.40 and a beta of 0.16. The stock has a 50-day moving average of $12.85 and a 200-day moving average of $14.48.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on RBKB. Wall Street Zen upgraded shares of Rhinebeck Bancorp to a “hold” rating in a research note on Sunday, July 12th. Weiss Ratings lowered shares of Rhinebeck Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Buy rating. Based on data from MarketBeat, the company has an average rating of “Buy”.

Insider Transactions at Rhinebeck Bancorp

In other news, EVP Michael Vitale bought 4,834 shares of Rhinebeck Bancorp stock in a transaction dated Thursday, August 6th. The stock was bought at an average cost of $12.35 per share, for a total transaction of $59,699.90. Following the purchase, the executive vice president directly owned 22,414 shares in the company, valued at approximately $276,812.90. This represents a 27.50% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.00% of the company’s stock.

Rhinebeck Bancorp Company Profile

Rhinebeck Bancorp, Inc is the holding company for Rhinebeck Bank, a community bank headquartered in Rhinebeck, New York. Through its banking subsidiary, the company provides a range of financial services to individuals, families, businesses and nonprofit organizations.

Rhinebeck Bank offers deposit products such as checking, savings, money market and certificate accounts, along with residential mortgage loans, home equity financing, consumer loans and commercial lending. Its business services include commercial real estate loans, business loans, cash management and other banking solutions designed for local enterprises.

Founded in 1864, Rhinebeck Bank has a long history of serving communities in New York’s Hudson Valley.