Rhinebeck Bancorp (NASDAQ:RBKB) Stock Price Up 0.1% – Time to Buy?

by · The Cerbat Gem

Shares of Rhinebeck Bancorp, Inc. (NASDAQ:RBKB – Get Free Report) shot up 0.1% during mid-day trading on Tuesday . The company traded as high as $12.30 and last traded at $12.11. 5,057 shares traded hands during trading, a decline of 50% from the average session volume of 10,084 shares. The stock had previously closed at $12.10.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Rhinebeck Bancorp in a research report on Monday. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Get Our Latest Analysis on RBKB

Rhinebeck Bancorp Price Performance

The stock has a market capitalization of $136.09 million, a P/E ratio of 26.54 and a beta of 0.19. The business’s 50 day simple moving average is $10.77 and its two-hundred day simple moving average is $11.79. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.24.

Rhinebeck Bancorp (NASDAQ:RBKB – Get Free Report) last posted its earnings results on Tuesday, October 28th. The company reported $0.25 earnings per share for the quarter. Rhinebeck Bancorp had a net margin of 7.20% and a return on equity of 6.47%. The company had revenue of $13.97 million for the quarter.

Institutional Investors Weigh In On Rhinebeck Bancorp

Institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. bought a new position in Rhinebeck Bancorp during the 2nd quarter valued at $25,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Rhinebeck Bancorp in the second quarter valued at about $29,000. Raymond James Financial Inc. purchased a new stake in shares of Rhinebeck Bancorp in the second quarter valued at about $75,000. New York State Common Retirement Fund bought a new position in shares of Rhinebeck Bancorp during the second quarter valued at about $97,000. Finally, Rhumbline Advisers grew its position in Rhinebeck Bancorp by 34.4% in the 3rd quarter. Rhumbline Advisers now owns 8,346 shares of the company’s stock worth $95,000 after purchasing an additional 2,137 shares in the last quarter. Institutional investors own 23.88% of the company’s stock.

Rhinebeck Bancorp Company Profile

(Get Free Report)

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.

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