Rhinebeck Bancorp (NASDAQ:RBKB) Stock Price Up 0.9% – Should You Buy?

Rhinebeck Bancorp, Inc. (NASDAQ:RBKB) shares rose 0.9% during mid-day trading on Friday . The stock traded as high as $17.43 and last traded at $17.39. Approximately 146,030 shares were traded during mid-day trading, an increase of 291% from the average daily volume of 37,395 shares. The stock had previously closed at $17.23.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Rhinebeck Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, April 24th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy”.

Rhinebeck Bancorp Trading Up 0.9%

The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.93 and a current ratio of 0.93. The business has a fifty day moving average of $16.25 and a two-hundred day moving average of $14.67. The firm has a market cap of $194.25 million, a price-to-earnings ratio of 19.11 and a beta of 0.16.

Rhinebeck Bancorp (NASDAQ:RBKB) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $0.20 earnings per share for the quarter. Rhinebeck Bancorp had a net margin of 13.20% and a return on equity of 7.42%. The business had revenue of $12.66 million for the quarter.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in RBKB. Empowered Funds LLC raised its stake in Rhinebeck Bancorp by 3.2% during the 1st quarter. Empowered Funds LLC now owns 59,627 shares of the company’s stock valued at $919,000 after purchasing an additional 1,871 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Rhinebeck Bancorp by 14.6% in the 1st quarter. Renaissance Technologies LLC now owns 24,300 shares of the company’s stock valued at $375,000 after purchasing an additional 3,100 shares during the last quarter. Barclays PLC lifted its holdings in Rhinebeck Bancorp by 12.1% in the 4th quarter. Barclays PLC now owns 7,210 shares of the company’s stock worth $87,000 after purchasing an additional 778 shares during the last quarter. State Street Corp grew its stake in Rhinebeck Bancorp by 7.9% in the 4th quarter. State Street Corp now owns 29,917 shares of the company’s stock valued at $360,000 after buying an additional 2,202 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of Rhinebeck Bancorp by 46.3% in the fourth quarter. Wells Fargo & Company MN now owns 5,064 shares of the company’s stock valued at $61,000 after purchasing an additional 1,602 shares during the last quarter. Institutional investors and hedge funds own 23.88% of the company’s stock.

Rhinebeck Bancorp Company Profile

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.