Rhinebeck Bancorp (NASDAQ:RBKB) Shares Down 4.4% – Here’s What Happened

Rhinebeck Bancorp, Inc. (NASDAQ:RBKB) shares fell 4.4% during mid-day trading on Monday . The company traded as low as $15.26 and last traded at $15.31. 60,044 shares traded hands during trading, an increase of 545% from the average session volume of 9,306 shares. The stock had previously closed at $16.01.

Analyst Ratings Changes

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

Rhinebeck Bancorp Stock Performance

The stock’s 50 day moving average is $13.80 and its two-hundred day moving average is $12.27. The firm has a market capitalization of $170.71 million, a P/E ratio of 16.64 and a beta of 0.12. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.95 and a quick ratio of 0.95.

Rhinebeck Bancorp (NASDAQ:RBKB) last announced its quarterly earnings data on Thursday, January 29th. The company reported $0.21 earnings per share (EPS) for the quarter. Rhinebeck Bancorp had a net margin of 13.24% and a return on equity of 7.77%. The firm had revenue of $13.51 million for the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in RBKB. JPMorgan Chase & Co. acquired a new stake in shares of Rhinebeck Bancorp in the second quarter valued at about $25,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Rhinebeck Bancorp during the 2nd quarter worth approximately $29,000. Wells Fargo & Company MN raised its stake in shares of Rhinebeck Bancorp by 46.3% during the 4th quarter. Wells Fargo & Company MN now owns 5,064 shares of the company’s stock worth $61,000 after purchasing an additional 1,602 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Rhinebeck Bancorp during the 2nd quarter worth approximately $75,000. Finally, Barclays PLC boosted its holdings in shares of Rhinebeck Bancorp by 12.1% in the 4th quarter. Barclays PLC now owns 7,210 shares of the company’s stock valued at $87,000 after buying an additional 778 shares during the last quarter. Institutional investors 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.