Rhinebeck Bancorp (NASDAQ:RBKB) Releases Quarterly Earnings Results

Rhinebeck Bancorp (NASDAQ:RBKB) announced its earnings results on Thursday. The company reported $0.21 earnings per share (EPS) for the quarter, Zacks reports. Rhinebeck Bancorp had a net margin of 12.99% and a return on equity of 7.20%.

Rhinebeck Bancorp Price Performance

NASDAQ RBKB traded up $0.02 during mid-day trading on Thursday, hitting $12.85. The stock had a trading volume of 30,877 shares, compared to its average volume of 68,216. The firm’s 50 day moving average is $12.85 and its 200 day moving average is $14.48. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market capitalization of $200.97 million, a price-to-earnings ratio of 18.01 and a beta of 0.16. Rhinebeck Bancorp has a twelve month low of $6.72 and a twelve month high of $13.28.

Insider Transactions at Rhinebeck Bancorp

In other Rhinebeck Bancorp news, EVP Michael Vitale bought 4,834 shares of the company’s stock in a transaction dated Thursday, August 6th. The stock was acquired at an average price of $12.35 per share, with a total value of $59,699.90. Following the completion of the acquisition, the executive vice president directly owned 22,414 shares of the company’s stock, valued at $276,812.90. This represents a 27.50% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

RBKB has been the subject of several research analyst reports. Wall Street Zen upgraded shares of Rhinebeck Bancorp to a “hold” rating in a research report on Sunday, July 12th. Weiss Ratings cut Rhinebeck Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday. One analyst has rated the stock with a Buy rating. According to MarketBeat.com, Rhinebeck Bancorp has an average rating of “Buy”.

About Rhinebeck Bancorp

Rhinebeck Bancorp, Inc is the holding company for Rhinebeck Bank, a community bank headquartered in Rhinebeck, New York. Through its banking subsidiary, the company provides a range of financial services to individuals, families, businesses and nonprofit organizations.

Rhinebeck Bank offers deposit products such as checking, savings, money market and certificate accounts, along with residential mortgage loans, home equity financing, consumer loans and commercial lending. Its business services include commercial real estate loans, business loans, cash management and other banking solutions designed for local enterprises.

Founded in 1864, Rhinebeck Bank has a long history of serving communities in New York’s Hudson Valley.