Rhinebeck Bancorp, Inc. (NASDAQ:RBKB - Get Free Report)'s stock price dropped 0.3% on Wednesday . The company traded as low as $7.55 and last traded at $7.72. Approximately 311 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 8,156 shares. The stock had previously closed at $7.74.
Rhinebeck Bancorp Price Performance
The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.17. The firm has a market cap of $85.46 million, a price-to-earnings ratio of 19.30 and a beta of 0.72. The stock has a 50-day moving average of $8.30 and a two-hundred day moving average of $7.59.
Rhinebeck Bancorp (NASDAQ:RBKB - Get Free Report) last released its quarterly earnings results on Thursday, January 25th. The company reported $0.09 earnings per share for the quarter. Rhinebeck Bancorp had a return on equity of 4.01% and a net margin of 6.62%. The business had revenue of $10.54 million during the quarter.
Hedge Funds Weigh In On Rhinebeck Bancorp
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Rhinebeck Bancorp by 48.2% in the 1st quarter. Vanguard Group Inc. now owns 179,535 shares of the company's stock valued at $1,824,000 after purchasing an additional 58,400 shares during the period. Alliancebernstein L.P. boosted its position in Rhinebeck Bancorp by 2.9% during the 4th quarter. Alliancebernstein L.P. now owns 177,739 shares of the company's stock worth $1,619,000 after acquiring an additional 5,000 shares during the period. Bridgeway Capital Management LLC boosted its position in Rhinebeck Bancorp by 5.4% during the 4th quarter. Bridgeway Capital Management LLC now owns 71,023 shares of the company's stock worth $572,000 after acquiring an additional 3,648 shares during the period. BHZ Capital Management LP boosted its position in Rhinebeck Bancorp by 37.7% during the 4th quarter. BHZ Capital Management LP now owns 29,189 shares of the company's stock worth $235,000 after acquiring an additional 7,988 shares during the period. Finally, Geode Capital Management LLC acquired a new stake in Rhinebeck Bancorp during the 2nd quarter worth about $148,000. Institutional investors and hedge funds own 23.88% of the company's stock.
Rhinebeck Bancorp Company Profile
(
Get Free Report)
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.
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