Rhinebeck Bancorp (NASDAQ:RBKB) Stock Price Down 0.3%

Rhinebeck Bancorp, Inc. (NASDAQ:RBKB)’s share price traded down 0.3% during trading on Wednesday . The stock traded as low as $7.55 and last traded at $7.72. 311 shares changed hands during trading, a decline of 96% from the average session volume of 8,156 shares. The stock had previously closed at $7.74.

Rhinebeck Bancorp Price Performance

The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.17. The firm has a fifty day moving average price of $8.28 and a two-hundred day moving average price of $7.59. The stock has a market capitalization of $82.91 million, a P/E ratio of 18.75 and a beta of 0.72.

Rhinebeck Bancorp (NASDAQ:RBKB) last issued its quarterly earnings results on Thursday, January 25th. The company reported $0.09 earnings per share for the quarter. Rhinebeck Bancorp had a return on equity of 4.01% and a net margin of 6.62%. The firm had revenue of $10.54 million during the quarter.

Hedge Funds Weigh In On Rhinebeck Bancorp

Several institutional investors and hedge funds have recently modified their holdings of the stock. BHZ Capital Management LP increased its holdings in shares of Rhinebeck Bancorp by 11.0% during the first quarter. BHZ Capital Management LP now owns 23,472 shares of the company’s stock valued at $180,000 after acquiring an additional 2,325 shares in the last quarter. Millennium Management LLC raised its position in Rhinebeck Bancorp by 32.1% in the 4th quarter. Millennium Management LLC now owns 14,455 shares of the company’s stock worth $132,000 after buying an additional 3,509 shares during the last quarter. Bridgeway Capital Management LLC lifted its stake in Rhinebeck Bancorp by 5.4% during the 4th quarter. Bridgeway Capital Management LLC now owns 71,023 shares of the company’s stock valued at $572,000 after acquiring an additional 3,648 shares during the period. Dimensional Fund Advisors LP lifted its stake in Rhinebeck Bancorp by 33.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 18,185 shares of the company’s stock valued at $146,000 after acquiring an additional 4,552 shares during the period. Finally, Alliancebernstein L.P. lifted its stake in Rhinebeck Bancorp by 2.9% during the 4th quarter. Alliancebernstein L.P. now owns 177,739 shares of the company’s stock valued at $1,619,000 after acquiring an additional 5,000 shares during the period. 23.88% of the stock is currently owned by institutional investors.

About Rhinebeck Bancorp

Rhinebeck Bancorp, Inc operates as the bank holding company for Rhinebeck Bank that provides banking and financial products and services to consumer and commercial customers in the Hudson Valley region of New York. The company offers deposits, including non-interest-bearing demand, interest bearing demand, money market, and saving accounts, as well as certificates of deposit.