Rhinebeck Bancorp (NASDAQ:RBKB) Posts Quarterly Earnings Results

Rhinebeck Bancorp (NASDAQ:RBKB) released its earnings results on Thursday. The company reported $0.05 EPS for the quarter, Zacks reports. Rhinebeck Bancorp had a negative net margin of 8.77% and a positive return on equity of 3.81%.

Rhinebeck Bancorp Price Performance

Shares of NASDAQ RBKB traded up $0.01 during trading on Thursday, hitting $10.02. The company had a trading volume of 3,388 shares, compared to its average volume of 6,510. Rhinebeck Bancorp has a 52 week low of $7.30 and a 52 week high of $10.24. The business’s 50-day moving average is $9.72 and its 200 day moving average is $9.08. The company has a market cap of $111.12 million, a P/E ratio of -21.32 and a beta of 0.75. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.94 and a current ratio of 0.94.

Insider Transactions at Rhinebeck Bancorp

In other Rhinebeck Bancorp news, insider Francis X. Dwyer sold 14,779 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $9.78, for a total value of $144,538.62. Following the completion of the transaction, the insider now directly owns 10,079 shares in the company, valued at $98,572.62. This trade represents a 59.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders sold a total of 17,745 shares of company stock valued at $173,652 in the last three months. 6.36% of the stock is currently owned by corporate insiders.

About Rhinebeck Bancorp

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.