Rhinebeck Bancorp (NASDAQ:RBKB) Trading Down 1.7% - Here's Why

Shares of Rhinebeck Bancorp, Inc. (NASDAQ:RBKB - Get Free Report) dropped 1.7% on Monday . The stock traded as low as $11.50 and last traded at $11.54. Approximately 3,668 shares traded hands 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 Stock Up 0.1%

The company has a market capitalization of $137.73 million, a P/E ratio of -15.32 and a beta of 0.43. 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 stock's fifty day moving average is $10.93 and its 200 day moving average is $10.27.

Rhinebeck Bancorp (NASDAQ:RBKB - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $0.21 earnings per share (EPS) for the quarter. The company had revenue of $12.79 million for the quarter. Rhinebeck Bancorp had a positive return on equity of 3.44% and a negative net margin of 15.89%.

Hedge Funds Weigh In On Rhinebeck Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the business. Alliancebernstein L.P. boosted its holdings in Rhinebeck Bancorp by 70.8% in the fourth quarter. Alliancebernstein L.P. now owns 196,254 shares of the company's stock valued at $1,898,000 after acquiring an additional 81,345 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Rhinebeck Bancorp by 24.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 22,704 shares of the company's stock valued at $219,000 after purchasing an additional 4,519 shares in the last quarter. State of Wyoming purchased a new position in shares of Rhinebeck Bancorp during the fourth quarter valued at about $25,000. Finally, Empowered Funds LLC raised its stake in Rhinebeck Bancorp by 3.4% in the first quarter. Empowered Funds LLC now owns 53,026 shares of the company's stock worth $522,000 after buying an additional 1,762 shares in the last quarter. Institutional investors own 23.88% of the company's stock.

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.