Rhinebeck Bancorp (NASDAQ:RBKB) Releases Quarterly Earnings Results
by Scott Moore · The Cerbat GemRhinebeck Bancorp (NASDAQ:RBKB – Get Free Report) announced its quarterly earnings data on Thursday. The company reported $0.20 earnings per share (EPS) for the quarter, Zacks reports. Rhinebeck Bancorp had a net margin of 13.24% and a return on equity of 7.66%.
Rhinebeck Bancorp Trading Up 0.6%
RBKB stock traded up $0.10 during mid-day trading on Thursday, hitting $15.75. 11,141 shares of the company were exchanged, compared to its average volume of 12,186. The business has a fifty day simple moving average of $15.56 and a 200-day simple moving average of $12.83. The firm has a market capitalization of $175.66 million, a P/E ratio of 17.12 and a beta of 0.13. Rhinebeck Bancorp has a 12-month low of $9.41 and a 12-month high of $16.50. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.22.
Analyst Ratings Changes
Separately, Weiss Ratings restated a “hold (c)” rating on shares of Rhinebeck Bancorp in a research report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.
Read Our Latest Report on Rhinebeck Bancorp
Institutional Trading of Rhinebeck Bancorp
Institutional investors have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. raised its position in Rhinebeck Bancorp by 1.2% in the third 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. Geode Capital Management LLC raised its holdings in shares of Rhinebeck Bancorp by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 92,371 shares of the company’s stock valued at $1,110,000 after buying an additional 3,258 shares during the period. Bridgeway Capital Management LLC lifted its stake in Rhinebeck Bancorp by 5.7% during the 3rd quarter. Bridgeway Capital Management LLC now owns 72,756 shares of the company’s stock worth $827,000 after acquiring an additional 3,898 shares in the last quarter. Empowered Funds LLC boosted its holdings in Rhinebeck Bancorp by 3.4% during the 1st quarter. Empowered Funds LLC now owns 53,026 shares of the company’s stock valued at $522,000 after acquiring an additional 1,762 shares during the period. Finally, State Street Corp grew its position in Rhinebeck Bancorp by 7.9% in the 4th quarter. State Street Corp now owns 29,917 shares of the company’s stock valued at $360,000 after acquiring an additional 2,202 shares in the last quarter. Institutional investors and hedge funds own 23.88% of the company’s stock.
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.