Rhinebeck Bancorp (NASDAQ:RBKB) Trading Down 1.7% - What's Next?

Key Points

• Rhinebeck Bancorp stock decreased by 1.7%, closing at $12.80, with a trading volume significantly lower than its average.
• The company reported a negative net margin of 10.08%, despite a positive return on equity of 5.58%, with earnings per share at $0.25.
• Institutional investors have been actively increasing their holdings, with Alliancebernstein L.P. raising its position by 70.8% in the last quarter.

Rhinebeck Bancorp, Inc. (NASDAQ:RBKB - Get Free Report) dropped 1.7% during mid-day trading on Thursday . The company traded as low as $12.59 and last traded at $12.80. Approximately 2,906 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 8,576 shares. The stock had previously closed at $13.02.

Rhinebeck Bancorp Price Performance

The company has a debt-to-equity ratio of 0.25, a current ratio of 0.96 and a quick ratio of 0.97. The stock has a market capitalization of $142.08 million, a price-to-earnings ratio of -23.70 and a beta of 0.44. The stock's 50 day simple moving average is $12.25 and its 200-day simple moving average is $11.08.

Rhinebeck Bancorp (NASDAQ:RBKB - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.25 earnings per share for the quarter. Rhinebeck Bancorp had a negative net margin of 10.08% and a positive return on equity of 5.58%. The business had revenue of $13.09 million during the quarter.

Institutional Trading of Rhinebeck Bancorp

Institutional investors and hedge funds have recently modified their holdings of the company. Alliancebernstein L.P. increased its position in Rhinebeck Bancorp by 70.8% during the fourth 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 period. 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 valued at $219,000 after buying an additional 4,519 shares during the period. State of Wyoming bought a new stake in Rhinebeck Bancorp in the 4th quarter valued at $25,000. Empowered Funds LLC increased its holdings in Rhinebeck Bancorp by 3.4% in the 1st quarter. Empowered Funds LLC now owns 53,026 shares of the company's stock valued at $522,000 after buying an additional 1,762 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Rhinebeck Bancorp by 122.2% in the 2nd quarter. Geode Capital Management LLC now owns 87,643 shares of the company's stock worth $1,028,000 after purchasing an additional 48,203 shares during the last quarter. 23.88% of the stock is currently owned by institutional investors and hedge funds.

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.

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