Nancy Koskey Patzwahl Buys 25,000 Shares of Rhinebeck Bancorp (NASDAQ:RBKB) Stock

Rhinebeck Bancorp, Inc. (NASDAQ:RBKB) Director Nancy Koskey Patzwahl purchased 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 22nd. The shares were purchased at an average price of $11.94 per share, for a total transaction of $298,500.00. Following the transaction, the director owned 27,270 shares of the company’s stock, valued at $325,603.80. This trade represents a 1,101.32% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Rhinebeck Bancorp Stock Down 0.7%

RBKB opened at $12.32 on Thursday. Rhinebeck Bancorp, Inc. has a fifty-two week low of $6.72 and a fifty-two week high of $12.85. 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 company has a fifty day moving average of $16.22 and a two-hundred day moving average of $15.29. The stock has a market capitalization of $192.32 million, a price-to-earnings ratio of 17.30 and a beta of 0.15.

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

Institutional Investors Weigh In On Rhinebeck Bancorp

Several large investors have recently bought and sold shares of the company. Empowered Funds LLC raised its holdings in shares of Rhinebeck Bancorp by 3.2% during the first quarter. Empowered Funds LLC now owns 59,627 shares of the company’s stock valued at $919,000 after acquiring an additional 1,871 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Rhinebeck Bancorp by 14.6% in the first quarter. Renaissance Technologies LLC now owns 24,300 shares of the company’s stock worth $375,000 after acquiring an additional 3,100 shares during the last quarter. Barclays PLC boosted 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 worth $87,000 after acquiring an additional 778 shares during the last quarter. State Street Corp increased its position in shares of Rhinebeck Bancorp by 7.9% during the fourth quarter. State Street Corp now owns 29,917 shares of the company’s stock worth $360,000 after purchasing an additional 2,202 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Rhinebeck Bancorp by 46.3% during the fourth 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. 23.88% of the stock is currently owned by hedge funds and other institutional investors.

Rhinebeck Bancorp News Summary

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

Analyst Upgrades and Downgrades

RBKB has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Rhinebeck Bancorp in a research report on Tuesday, July 21st. Wall Street Zen raised shares of Rhinebeck Bancorp to a “hold” rating in a report on Sunday, July 12th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

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.