Rhinebeck Bancorp, Inc. (NASDAQ:RBKB) Short Interest Update

Key Points

• Rhinebeck Bancorp experienced a significant 20.6% decrease in short interest in August, with total short interest falling to 108,100 shares as of August 31st.
• Institutional investors and hedge funds own 23.88% of Rhinebeck Bancorp's stock, with notable purchases from Geode Capital Management and the New York State Common Retirement Fund.
• The company's stock was trading at $12.04 with a market capitalization of $133.64 million, following its recent earnings report showing a $0.25 EPS and a negative net margin of 10.08%.

Rhinebeck Bancorp, Inc. (NASDAQ:RBKB - Get Free Report) was the recipient of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 108,100 shares, a drop of 20.6% from the August 15th total of 136,100 shares. Approximately 2.4% of the shares of the stock are short sold. Based on an average daily volume of 20,800 shares, the short-interest ratio is presently 5.2 days. Based on an average daily volume of 20,800 shares, the short-interest ratio is presently 5.2 days. Approximately 2.4% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RBKB. JPMorgan Chase & Co. acquired a new stake in shares of Rhinebeck Bancorp during the second quarter worth approximately $25,000. State of Wyoming acquired a new stake in shares of Rhinebeck Bancorp during the fourth quarter worth approximately $25,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Rhinebeck Bancorp during the second quarter worth approximately $29,000. Raymond James Financial Inc. acquired a new stake in shares of Rhinebeck Bancorp during the second quarter worth approximately $75,000. Finally, New York State Common Retirement Fund acquired a new stake in shares of Rhinebeck Bancorp during the second quarter worth approximately $97,000. Institutional investors own 23.88% of the company's stock.

Rhinebeck Bancorp Price Performance

RBKB traded down $0.22 during midday trading on Monday, reaching $11.82. 4,000 shares of the company's stock were exchanged, compared to its average volume of 6,721. The firm has a market capitalization of $131.20 million, a price-to-earnings ratio of 18.81 and a beta of 0.47. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.25. Rhinebeck Bancorp has a one year low of $8.20 and a one year high of $13.99. The business has a 50-day simple moving average of $12.83 and a two-hundred day simple moving average of $11.64.

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

Rhinebeck Bancorp Company 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.