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

Rhinebeck Bancorp, Inc. (NASDAQ:RBKB)’s share price dropped 4.4% during mid-day trading on Monday . The stock traded as low as $15.26 and last traded at $15.31. Approximately 60,044 shares traded hands during trading, an increase of 545% from the average daily volume of 9,306 shares. The stock had previously closed at $16.01.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Rhinebeck Bancorp in a report on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Rhinebeck Bancorp Trading Down 1.5%

The company has a debt-to-equity ratio of 0.22, a current ratio of 0.94 and a quick ratio of 0.95. The firm has a market cap of $168.64 million, a price-to-earnings ratio of 16.45 and a beta of 0.12. The business’s 50-day moving average price is $13.94 and its two-hundred day moving average price is $12.30.

Rhinebeck Bancorp (NASDAQ:RBKB) last released its earnings results on Thursday, January 29th. The company reported $0.21 EPS for the quarter. The firm had revenue of $13.51 million during the quarter. Rhinebeck Bancorp had a net margin of 13.24% and a return on equity of 7.66%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of RBKB. Barclays PLC grew its holdings in Rhinebeck Bancorp by 12.1% in the fourth quarter. Barclays PLC now owns 7,210 shares of the company’s stock valued at $87,000 after purchasing an additional 778 shares during the period. State Street Corp raised its stake in Rhinebeck Bancorp by 7.9% during the fourth quarter. State Street Corp now owns 29,917 shares of the company’s stock worth $360,000 after purchasing an additional 2,202 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Rhinebeck Bancorp by 46.3% in the 4th quarter. Wells Fargo & Company MN now owns 5,064 shares of the company’s stock valued at $61,000 after purchasing an additional 1,602 shares during the last quarter. Geode Capital Management LLC boosted its holdings 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 during the last quarter. Finally, Alliancebernstein L.P. grew its stake in shares of Rhinebeck Bancorp by 1.2% during the 3rd quarter. Alliancebernstein L.P. now owns 390,959 shares of the company’s stock valued at $4,441,000 after buying an additional 4,718 shares during the period. 23.88% of the stock is currently owned by hedge funds and other institutional investors.

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.