Rhinebeck Bancorp (NASDAQ:RBKB) Announces Earnings Results

Rhinebeck Bancorp (NASDAQ:RBKB) released its quarterly earnings results on Thursday. The company reported $0.21 earnings per share for the quarter, FiscalAI reports. Rhinebeck Bancorp had a return on equity of 6.47% and a net margin of 7.20%.The company had revenue of $13.51 million during the quarter.

Rhinebeck Bancorp Trading Down 2.3%

RBKB stock traded down $0.28 during trading on Friday, reaching $11.63. 879 shares of the stock traded hands, compared to its average volume of 6,252. The firm has a market capitalization of $129.62 million, a PE ratio of 25.27 and a beta of 0.19. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.95 and a quick ratio of 0.95. The business’s 50 day moving average price is $11.85 and its 200-day moving average price is $11.81. Rhinebeck Bancorp has a 52-week low of $9.31 and a 52-week high of $13.99.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Rhinebeck Bancorp in a research note on Monday, December 29th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Rhinebeck Bancorp has a consensus rating of “Hold”.

Institutional Trading of Rhinebeck Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC grew its stake in Rhinebeck Bancorp by 122.2% during the second quarter. Geode Capital Management LLC now owns 87,643 shares of the company’s stock worth $1,028,000 after buying an additional 48,203 shares during the period. AE Wealth Management LLC acquired a new position in shares of Rhinebeck Bancorp during the 3rd quarter valued at $136,000. New York State Common Retirement Fund purchased a new stake in Rhinebeck Bancorp during the 2nd quarter worth $97,000. Raymond James Financial Inc. acquired a new stake in Rhinebeck Bancorp in the 2nd quarter valued at $75,000. Finally, Alliancebernstein L.P. raised its position in Rhinebeck Bancorp by 1.2% in the third 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. Institutional investors and hedge funds own 23.88% of the company’s stock.

About Rhinebeck Bancorp

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.