Rhinebeck Bancorp, Inc. (NASDAQ:RBKB - Get Free Report)'s share price dropped 1.7% during mid-day trading on Monday . The company traded as low as $11.50 and last traded at $11.54. Approximately 3,668 shares were traded during trading, a decline of 49% from the average daily volume of 7,143 shares. The stock had previously closed at $11.73.
Rhinebeck Bancorp Price Performance
The firm's 50 day moving average price is $10.79 and its 200-day moving average price is $10.23. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.53. The company has a market cap of $128.29 million, a P/E ratio of -14.27 and a beta of 0.43.
Rhinebeck Bancorp (NASDAQ:RBKB - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $0.21 EPS for the quarter. The firm had revenue of $12.79 million during the quarter. Rhinebeck Bancorp had a negative net margin of 15.89% and a positive return on equity of 3.44%.
Hedge Funds Weigh In On Rhinebeck Bancorp
Institutional investors have recently modified their holdings of the stock. Alliancebernstein L.P. boosted its stake in Rhinebeck Bancorp by 70.8% during the 4th quarter. Alliancebernstein L.P. now owns 196,254 shares of the company's stock worth $1,898,000 after acquiring an additional 81,345 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Rhinebeck Bancorp by 24.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 22,704 shares of the company's stock worth $219,000 after purchasing an additional 4,519 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Rhinebeck Bancorp by 3.4% during the first quarter. Empowered Funds LLC now owns 53,026 shares of the company's stock worth $522,000 after purchasing an additional 1,762 shares in the last quarter. Finally, State of Wyoming acquired a new position in shares of Rhinebeck Bancorp in the 4th quarter valued at $25,000. 23.88% of the stock is currently owned by institutional investors and hedge funds.
About Rhinebeck Bancorp
(
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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