Rhinebeck Bancorp (NASDAQ:RBKB - Get Free Report)'s stock had its "sell (d+)" rating reiterated by research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.
Rhinebeck Bancorp Stock Performance
Shares of NASDAQ RBKB opened at $11.66 on Wednesday. The firm's 50-day moving average price is $12.59 and its 200-day moving average price is $11.72. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.25. The company has a market cap of $129.43 million, a PE ratio of -21.59 and a beta of 0.43. Rhinebeck Bancorp has a 52-week low of $8.81 and a 52-week high of $13.99.
Rhinebeck Bancorp (NASDAQ:RBKB - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The company reported $0.25 earnings per share (EPS) for the quarter. The company 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%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of RBKB. Empowered Funds LLC boosted its position in shares of Rhinebeck Bancorp by 3.4% during the 1st quarter. Empowered Funds LLC now owns 53,026 shares of the company's stock valued at $522,000 after acquiring an additional 1,762 shares during the last quarter. Geode Capital Management LLC lifted its position in Rhinebeck Bancorp by 122.2% in the second quarter. Geode Capital Management LLC now owns 87,643 shares of the company's stock worth $1,028,000 after buying an additional 48,203 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in Rhinebeck Bancorp in the second quarter worth $25,000. New York State Common Retirement Fund bought a new stake in Rhinebeck Bancorp in the second quarter worth $97,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Rhinebeck Bancorp in the second quarter worth $29,000. 23.88% of the stock is currently owned by institutional investors.
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, commercial and personal checking, individual retirement, and saving accounts, as well as certificates of deposit.
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