Rhinebeck Bancorp (NASDAQ:RBKB) Shares Down 1.7% – Here’s What Happened

Rhinebeck Bancorp, Inc. (NASDAQ:RBKB)’s stock price fell 1.7% on Monday . The company traded as low as $11.50 and last traded at $11.54. 3,668 shares traded hands during mid-day trading, a decline of 49% from the average session volume of 7,143 shares. The stock had previously closed at $11.73.

Rhinebeck Bancorp Trading Down 1.7%

The stock has a market cap of $128.02 million, a PE ratio of -14.24 and a beta of 0.43. The company’s fifty day moving average is $10.79 and its 200-day moving average is $10.23. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.94 and a quick ratio of 0.94.

Rhinebeck Bancorp (NASDAQ:RBKB) last announced its quarterly earnings results on Thursday, April 24th. The company reported $0.21 earnings per share for the quarter. The company had revenue of $12.79 million for the quarter. Rhinebeck Bancorp had a positive return on equity of 3.44% and a negative net margin of 15.89%.

Institutional Trading of Rhinebeck Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Alliancebernstein L.P. lifted its holdings in Rhinebeck Bancorp by 70.8% in the fourth 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 period. Empowered Funds LLC increased 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 valued at $522,000 after purchasing an additional 1,762 shares in the last quarter. Dimensional Fund Advisors LP increased 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 valued at $219,000 after purchasing an additional 4,519 shares in the last quarter. Finally, State of Wyoming acquired a new position in shares of Rhinebeck Bancorp in the 4th quarter valued at $25,000. 23.88% of the stock is 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.