Michael Vitale Acquires 5,000 Shares of Rhinebeck Bancorp (NASDAQ:RBKB) Stock

Rhinebeck Bancorp, Inc. (NASDAQ:RBKB) EVP Michael Vitale purchased 5,000 shares of the firm’s stock in a transaction on Wednesday, July 22nd. The shares were acquired at an average price of $11.94 per share, with a total value of $59,700.00. Following the purchase, the executive vice president directly owned 17,580 shares in the company, valued at $209,905.20. This represents a 39.75% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Rhinebeck Bancorp Trading Down 0.7%

RBKB opened at $12.32 on Thursday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.93 and a quick ratio of 0.93. The company’s 50-day moving average is $16.22 and its 200 day moving average is $15.29. The firm has a market capitalization of $192.32 million, a PE ratio of 17.30 and a beta of 0.15. Rhinebeck Bancorp, Inc. has a fifty-two week low of $6.72 and a fifty-two week high of $12.85.

Rhinebeck Bancorp (NASDAQ:RBKB) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $0.24 EPS for the quarter. Rhinebeck Bancorp had a return on equity of 7.24% and a net margin of 12.99%.The firm had revenue of $13.38 million during the quarter.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on RBKB. Weiss Ratings reiterated a “buy (b-)” rating on shares of Rhinebeck Bancorp in a research note on Tuesday, July 21st. Wall Street Zen raised shares of Rhinebeck Bancorp to a “hold” rating in a research report on Sunday, July 12th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Rhinebeck Bancorp has an average rating of “Buy”.

Key Rhinebeck Bancorp News

Here are the key news stories impacting Rhinebeck Bancorp this week:

• Positive Sentiment: Company insiders made substantial open-market purchases on July 22. CEO Matthew James Smith bought 12,425 shares, directors Suzanne Loughlin and Nancy Koskey Patzwahl purchased 12,500 and 25,000 shares, respectively, and EVP Michael Vitale acquired 5,000 shares. The purchases, valued at roughly $657,000 combined, significantly increased their holdings and may signal that management and directors consider RBKB attractively valued near $12 per share. Rhinebeck Bancorp insider purchase filings
• Positive Sentiment: Rhinebeck Bank appointed Travis Podolec as senior vice president and commercial lender in Orange County. He will help expand commercial banking relationships across the Hudson Valley, potentially supporting future loan growth and revenue. However, the announcement included no immediate financial targets. Rhinebeck Bank appoints Travis Podolec article
• Neutral Sentiment: Zacks initiated coverage of RBKB with a Neutral rating. It cited improving credit quality and an expanding commercial-banking footprint, but warned that competitive lending conditions and margin pressure could limit near-term upside. Zacks Rhinebeck Bancorp coverage article

Institutional Investors Weigh In On Rhinebeck Bancorp

Several large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. bought a new stake in shares of Rhinebeck Bancorp in the 2nd quarter worth approximately $25,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Rhinebeck Bancorp in the second quarter worth $29,000. Wells Fargo & Company MN increased its position in Rhinebeck Bancorp by 46.3% in the fourth quarter. Wells Fargo & Company MN now owns 5,064 shares of the company’s stock worth $61,000 after buying an additional 1,602 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Rhinebeck Bancorp in the second quarter valued at $75,000. Finally, Barclays PLC raised its stake in shares of Rhinebeck Bancorp by 12.1% in the fourth 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 period. Hedge funds and other institutional investors 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.