M3F Inc. Trims Stock Position in Rhinebeck Bancorp, Inc. $RBKB

Key Points

• M3F Inc. reduced its stake in Rhinebeck Bancorp by 4.2%, now holding approximately 9.28% of the company, after selling over 45,000 shares in Q1.
• Dimensional Fund Advisors LP increased its holdings by 24.9% in the last quarter, bringing its total shares to 22,704, valued at $219,000.
• As of the latest report, Rhinebeck Bancorp shares are priced at $13.41, down 1.1%, with a market cap of $148.85 million.

M3F Inc. trimmed its holdings in shares of Rhinebeck Bancorp, Inc. (NASDAQ:RBKB - Free Report) by 4.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,030,104 shares of the company's stock after selling 45,594 shares during the quarter. Rhinebeck Bancorp accounts for approximately 2.8% of M3F Inc.'s holdings, making the stock its 12th biggest holding. M3F Inc. owned approximately 9.28% of Rhinebeck Bancorp worth $10,136,000 as of its most recent SEC filing.

Separately, State of Wyoming purchased a new stake in shares of Rhinebeck Bancorp during the 4th quarter valued at about $25,000. Hedge funds and other institutional investors own 23.88% of the company's stock.

Rhinebeck Bancorp Price Performance

Shares of NASDAQ RBKB traded down $0.12 during mid-day trading on Tuesday, hitting $13.25. 273 shares of the company's stock traded hands, compared to its average volume of 12,724. The company's 50-day moving average is $12.54 and its two-hundred day moving average is $11.36. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market capitalization of $147.08 million, a P/E ratio of -24.54 and a beta of 0.47. Rhinebeck Bancorp, Inc. has a 1 year low of $7.96 and a 1 year high of $13.99.

Rhinebeck Bancorp (NASDAQ:RBKB - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $0.25 earnings per share (EPS) for the quarter. The firm had revenue of $13.09 million for the quarter. Rhinebeck Bancorp had a negative net margin of 10.08% and a positive return on equity of 5.58%.

Rhinebeck Bancorp Profile

Rhinebeck Bancorp, Inc operates as the bank holding company for Rhinebeck Bank that provides banking and financial products and services to consumer and commercial customers in the Hudson Valley region of New York. The company offers deposits, including non-interest-bearing demand, interest bearing demand, money market, commercial and personal checking, individual retirement, and saving accounts, as well as certificates of deposit.