Rhinebeck Bancorp (NASDAQ:RBKB) Trading Up 0.1% - Should You Buy?

Key Points

• Rhinebeck Bancorp (RBKB) was up 0.1% to $15.41 on Monday with very light trading (~3,621 shares, down 73% versus average), and is trading near its 50‑day ($14.82) and above its 200‑day ($12.50) moving averages.
• Analysts maintain a consensus "Hold" (Weiss Ratings reiterated a Hold), while the company has a market cap of $171.7M, a PE of 16.75 and reported $0.21 EPS on $13.51M in quarterly revenue.
• Institutional investors have been increasing stakes—Barclays, State Street, Wells Fargo, Geode and AllianceBernstein all added shares—and institutions now own about 23.88% of the stock.

Rhinebeck Bancorp, Inc. (NASDAQ:RBKB - Get Free Report) shares were up 0.1% during trading on Monday . The stock traded as high as $15.44 and last traded at $15.41. Approximately 3,621 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 13,389 shares. The stock had previously closed at $15.40.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a "hold (c)" rating on shares of Rhinebeck Bancorp in a report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of "Hold".

Rhinebeck Bancorp Stock Performance

The stock has a market cap of $171.67 million, a PE ratio of 16.75 and a beta of 0.13. The company has a fifty day moving average price of $14.82 and a 200 day moving average price of $12.50. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.22.

Rhinebeck Bancorp (NASDAQ:RBKB - Get Free Report) last released its quarterly earnings data on Thursday, January 29th. The company reported $0.21 EPS for the quarter. The firm had revenue of $13.51 million for the quarter. Rhinebeck Bancorp had a return on equity of 7.66% and a net margin of 13.24%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Barclays PLC increased its holdings in Rhinebeck Bancorp by 12.1% during the 4th quarter. Barclays PLC now owns 7,210 shares of the company's stock valued at $87,000 after purchasing an additional 778 shares during the period. State Street Corp increased its holdings in Rhinebeck Bancorp by 7.9% during the 4th quarter. State Street Corp now owns 29,917 shares of the company's stock valued at $360,000 after purchasing an additional 2,202 shares during the period. Wells Fargo & Company MN increased its holdings in Rhinebeck Bancorp by 46.3% during the 4th quarter. Wells Fargo & Company MN now owns 5,064 shares of the company's stock valued at $61,000 after purchasing an additional 1,602 shares during the period. Geode Capital Management LLC increased its holdings in Rhinebeck Bancorp by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 92,371 shares of the company's stock valued at $1,110,000 after purchasing an additional 3,258 shares during the period. Finally, Alliancebernstein L.P. increased its holdings in Rhinebeck Bancorp by 1.2% during the 3rd quarter. Alliancebernstein L.P. now owns 390,959 shares of the company's stock valued at $4,441,000 after purchasing an additional 4,718 shares during the period. Hedge funds and other institutional investors own 23.88% of the company's stock.

Rhinebeck Bancorp Company Profile

Rhinebeck Bancorp, Inc NASDAQ: RBKB is the bank holding company for Rhinebeck Bank, a community-focused financial institution headquartered in Rhinebeck, New York. Through its subsidiary, the company offers a full range of banking services including personal checking and savings accounts, business deposit products, residential mortgage lending and consumer loans. Rhinebeck Bancorp leverages its local presence to provide tailored financial solutions and responsive customer service to individuals and small businesses throughout the Hudson Valley region.

The origins of Rhinebeck Bank trace back to the late 19th century, reflecting more than a century of service to Ulster, Dutchess and neighboring counties.

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