Rhinebeck Bancorp, Inc. (NASDAQ:RBKB - Get Free Report)'s stock price rose 1.1% during trading on Tuesday . The company traded as high as $12.07 and last traded at $11.86. Approximately 16,776 shares changed hands during trading, an increase of 58% from the average daily volume of 10,612 shares. The stock had previously closed at $11.73.
Rhinebeck Bancorp Stock Performance
The stock's 50-day simple moving average is $11.43 and its 200-day simple moving average is $10.48. The stock has a market cap of $132.20 million, a price-to-earnings ratio of -17.01 and a beta of 0.43. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.47.
Rhinebeck Bancorp (NASDAQ:RBKB - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.21 earnings per share for the quarter. The business had revenue of $12.79 million during the quarter. Rhinebeck Bancorp had a negative net margin of 13.43% and a positive return on equity of 4.29%.
Hedge Funds Weigh In On Rhinebeck Bancorp
A number of institutional investors have recently added to or reduced their stakes in RBKB. Alliancebernstein L.P. lifted its stake in shares of 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 acquiring an additional 81,345 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Rhinebeck Bancorp by 24.9% in the 4th 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 stake 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 valued at $522,000 after purchasing an additional 1,762 shares in the last quarter. Finally, State of Wyoming bought a new stake in shares of Rhinebeck Bancorp during the fourth quarter worth about $25,000. 23.88% of the stock is currently owned by institutional investors and hedge funds.
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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