Rhinebeck Bancorp, Inc. (NASDAQ:RBKB) Short Interest Down 25.0% in April

Rhinebeck Bancorp, Inc. (NASDAQ:RBKB - Get Free Report) saw a large decline in short interest in April. As of April 15th, there was short interest totalling 23,100 shares, a decline of 25.0% from the March 31st total of 30,800 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 8,300 shares, the short-interest ratio is currently 2.8 days.

Institutional Investors Weigh In On Rhinebeck Bancorp

A hedge fund recently raised its stake in Rhinebeck Bancorp stock. BHZ Capital Management LP increased its position in shares of Rhinebeck Bancorp, Inc. (NASDAQ:RBKB - Free Report) by 37.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 29,189 shares of the company's stock after acquiring an additional 7,988 shares during the period. BHZ Capital Management LP owned about 0.26% of Rhinebeck Bancorp worth $235,000 at the end of the most recent reporting period. 23.88% of the stock is owned by hedge funds and other institutional investors.

Rhinebeck Bancorp Price Performance

Shares of Rhinebeck Bancorp stock traded up $0.03 during trading on Friday, reaching $7.61. 1,599 shares of the company's stock were exchanged, compared to its average volume of 2,881. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.98 and a current ratio of 0.98. Rhinebeck Bancorp has a 1-year low of $6.07 and a 1-year high of $9.51. The company has a market cap of $84.24 million, a P/E ratio of 17.70 and a beta of 0.72. The firm's 50-day moving average price is $8.15 and its 200 day moving average price is $7.63.

Rhinebeck Bancorp (NASDAQ:RBKB - Get Free Report) last issued its quarterly earnings data on Thursday, January 25th. The company reported $0.09 earnings per share for the quarter. The business had revenue of $10.54 million for the quarter. Rhinebeck Bancorp had a return on equity of 4.32% and a net margin of 6.98%.

About Rhinebeck Bancorp

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, and saving accounts, as well as certificates of deposit.