Rhinebeck Bancorp (NASDAQ:RBKB) Stock Price Down 0.4% – Here’s What Happened

Rhinebeck Bancorp, Inc. (NASDAQ:RBKB) shares traded down 0.4% during trading on Tuesday . The stock traded as low as $11.93 and last traded at $11.94. 6,345 shares changed hands during trading, an increase of 1% from the average session volume of 6,290 shares. The stock had previously closed at $11.99.

Analyst Upgrades and Downgrades

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

Rhinebeck Bancorp Trading Down 0.4%

The stock has a market cap of $133.13 million, a PE ratio of 25.96 and a beta of 0.19. 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 stock has a fifty day moving average price of $11.31 and a 200 day moving average price of $11.80.

Rhinebeck Bancorp (NASDAQ:RBKB) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.25 EPS for the quarter. The company had revenue of $13.97 million during the quarter. Rhinebeck Bancorp had a net margin of 7.20% and a return on equity of 6.47%.

Institutional Investors Weigh In On Rhinebeck Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of the business. Alliancebernstein L.P. increased its stake in Rhinebeck Bancorp by 1.2% in the third quarter. Alliancebernstein L.P. now owns 390,959 shares of the company’s stock worth $4,441,000 after purchasing an additional 4,718 shares during the period. Geode Capital Management LLC raised its position in Rhinebeck Bancorp by 122.2% during the 2nd quarter. Geode Capital Management LLC now owns 87,643 shares of the company’s stock valued at $1,028,000 after purchasing an additional 48,203 shares in the last quarter. Bridgeway Capital Management LLC lifted its stake in Rhinebeck Bancorp by 5.7% in the third quarter. Bridgeway Capital Management LLC now owns 72,756 shares of the company’s stock worth $827,000 after acquiring an additional 3,898 shares during the period. Empowered Funds LLC raised its stake in Rhinebeck Bancorp by 3.4% in the first quarter. Empowered Funds LLC now owns 53,026 shares of the company’s stock worth $522,000 after buying an additional 1,762 shares in the last quarter. Finally, AE Wealth Management LLC purchased a new stake in Rhinebeck Bancorp during the third quarter worth $136,000. 23.88% of the stock is currently owned by hedge funds and other institutional investors.

About Rhinebeck Bancorp

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.