Rhinebeck Bancorp, Inc. (NASDAQ:RBKB) Shares Acquired by Alliancebernstein L.P.

Alliancebernstein L.P. grew its position in Rhinebeck Bancorp, Inc. (NASDAQ:RBKB - Free Report) by 70.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 196,254 shares of the company's stock after purchasing an additional 81,345 shares during the quarter. Alliancebernstein L.P. owned approximately 1.77% of Rhinebeck Bancorp worth $1,898,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Geode Capital Management LLC grew its holdings in shares of Rhinebeck Bancorp by 10.8% in the third quarter. Geode Capital Management LLC now owns 37,286 shares of the company's stock worth $345,000 after purchasing an additional 3,637 shares during the last quarter. 23.88% of the stock is currently owned by hedge funds and other institutional investors.

Rhinebeck Bancorp Stock Down 0.4 %

NASDAQ:RBKB traded down $0.05 during trading hours on Wednesday, reaching $10.24. The company's stock had a trading volume of 10,869 shares, compared to its average volume of 6,321. The company has a market capitalization of $113.66 million, a P/E ratio of -12.65 and a beta of 0.46. Rhinebeck Bancorp, Inc. has a 12 month low of $7.30 and a 12 month high of $10.50. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a 50 day moving average price of $10.15 and a two-hundred day moving average price of $9.81.

Rhinebeck Bancorp (NASDAQ:RBKB - Get Free Report) last released its earnings results on Thursday, January 30th. The company reported $0.05 earnings per share (EPS) for the quarter. Rhinebeck Bancorp had a positive return on equity of 3.44% and a negative net margin of 15.89%.

Rhinebeck Bancorp Profile

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, commercial and personal checking, individual retirement, and saving accounts, as well as certificates of deposit.