Rhinebeck Bancorp, Inc. (NASDAQ:RBKB - Get Free Report)'s share price traded up 2.4% during mid-day trading on Tuesday . The company traded as high as $12.90 and last traded at $12.78. 15,453 shares traded hands during mid-day trading, an increase of 38% from the average session volume of 11,207 shares. The stock had previously closed at $12.48.
Rhinebeck Bancorp Price Performance
The business's 50 day moving average is $11.89 and its 200-day moving average is $10.81. The stock has a market cap of $142.19 million, a price-to-earnings ratio of -23.72 and a beta of 0.43. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.97 and a current ratio of 0.97.
Rhinebeck Bancorp (NASDAQ:RBKB - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $0.25 earnings per share for the quarter. The company had revenue of $13.09 million for the quarter. Rhinebeck Bancorp had a positive return on equity of 5.64% and a negative net margin of 10.08%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Alliancebernstein L.P. lifted its holdings in Rhinebeck Bancorp by 70.8% in the 4th quarter. Alliancebernstein L.P. now owns 196,254 shares of the company's stock valued at $1,898,000 after purchasing an additional 81,345 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings 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 worth $219,000 after acquiring an additional 4,519 shares during the period. Empowered Funds LLC raised its holdings 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 worth $522,000 after acquiring an additional 1,762 shares during the period. Finally, State of Wyoming purchased a new position in shares of Rhinebeck Bancorp during the 4th quarter worth $25,000. Hedge funds and other institutional investors 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, commercial and personal checking, individual retirement, and saving accounts, as well as certificates of deposit.
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