Suzanne Loughlin Acquires 12,500 Shares of Rhinebeck Bancorp (NASDAQ:RBKB) Stock

Rhinebeck Bancorp, Inc. (NASDAQ:RBKB) Director Suzanne Loughlin acquired 12,500 shares of Rhinebeck Bancorp stock in a transaction that occurred on Wednesday, July 22nd. The stock was purchased at an average cost of $11.93 per share, for a total transaction of $149,125.00. Following the completion of the transaction, the director directly owned 46,828 shares in the company, valued at $558,658.04. This trade represents a 36.41% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Rhinebeck Bancorp Trading Up 1.3%

Shares of NASDAQ:RBKB traded up $0.16 during trading hours on Tuesday, hitting $12.46. 59,906 shares of the company’s stock traded hands, compared to its average volume of 40,546. The firm has a market capitalization of $194.51 million, a P/E ratio of 17.49 and a beta of 0.15. The business has a fifty day moving average price of $16.36 and a 200-day moving average price of $15.28. Rhinebeck Bancorp, Inc. has a 1 year low of $6.72 and a 1 year high of $12.85. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.93 and a quick ratio of 0.93.

Rhinebeck Bancorp (NASDAQ:RBKB) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $0.24 earnings per share (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.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of RBKB. Geode Capital Management LLC raised its position in Rhinebeck Bancorp by 122.2% during the 2nd quarter. Geode Capital Management LLC now owns 87,643 shares of the company’s stock valued at $1,028,000 after purchasing an additional 48,203 shares in the last quarter. New York State Common Retirement Fund bought a new stake in shares of Rhinebeck Bancorp in the second quarter valued at about $97,000. Raymond James Financial Inc. bought a new position in Rhinebeck Bancorp during the 2nd quarter worth about $75,000. Alliancebernstein L.P. increased its position in Rhinebeck Bancorp by 1.2% during the 3rd 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. Finally, Bridgeway Capital Management LLC lifted its position in shares of Rhinebeck Bancorp by 5.7% in the 3rd quarter. Bridgeway Capital Management LLC now owns 72,756 shares of the company’s stock worth $827,000 after purchasing an additional 3,898 shares during the period. 23.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on RBKB shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Rhinebeck Bancorp in a research note on Tuesday, July 21st. Wall Street Zen upgraded 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 MarketBeat, the company currently has an average 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.