Rhinebeck Bancorp Inc (NASDAQ:RBKB) was the target of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 7,800 shares, an increase of 47.2% from the September 30th total of 5,300 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 4,800 shares, the short-interest ratio is currently 1.6 days.

Separately, ValuEngine raised shares of Rhinebeck Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd.

RBKB stock traded down $0.17 during mid-day trading on Friday, hitting $10.58. The company had a trading volume of 11,300 shares, compared to its average volume of 15,593. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.03 and a current ratio of 1.03. Rhinebeck Bancorp has a 12 month low of $10.25 and a 12 month high of $12.30. The stock’s fifty day moving average price is $10.58 and its two-hundred day moving average price is $10.87.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Acadian Asset Management LLC bought a new stake in shares of Rhinebeck Bancorp in the second quarter valued at approximately $54,000. BlackRock Inc. raised its position in shares of Rhinebeck Bancorp by 73.0% in the second quarter. BlackRock Inc. now owns 15,197 shares of the company’s stock valued at $168,000 after purchasing an additional 6,415 shares during the period. John G Ullman & Associates Inc. bought a new stake in shares of Rhinebeck Bancorp in the third quarter valued at approximately $181,000. Vanguard Group Inc. raised its position in shares of Rhinebeck Bancorp by 31.4% in the second quarter. Vanguard Group Inc. now owns 117,420 shares of the company’s stock valued at $1,294,000 after purchasing an additional 28,087 shares during the period. Finally, EJF Capital LLC raised its position in shares of Rhinebeck Bancorp by 18.4% in the second quarter. EJF Capital LLC now owns 659,018 shares of the company’s stock valued at $7,262,000 after purchasing an additional 102,545 shares during the period. 13.34% of the stock is currently owned by institutional investors.

Rhinebeck Bancorp Company Profile

Rhinebeck Bancorp, Inc provides banking services to customers in the central Hudson Valley region of New York State. The company offers deposits; automobile loans; commercial real estate loans, including multi-family real estate loans and commercial construction loans; commercial business loans; and one- to four-family residential real estate loans.

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