Rhinebeck Bancorp, Inc. (NASDAQ:RBKB - Get Free Report) saw a large decrease in short interest in February. As of February 28th, there was short interest totalling 8,400 shares, a decrease of 33.9% from the February 13th total of 12,700 shares. Based on an average daily volume of 6,200 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.2% of the company's stock are short sold.
Rhinebeck Bancorp Stock Up 0.2 %
Shares of RBKB stock traded up $0.02 on Wednesday, reaching $10.45. 1,212 shares of the company were exchanged, compared to its average volume of 6,189. The company has a market cap of $115.87 million, a price-to-earnings ratio of -12.90 and a beta of 0.74. The company has a 50-day moving average of $10.05 and a 200-day moving average of $9.53. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.94 and a quick ratio of 0.94. Rhinebeck Bancorp has a one year low of $7.30 and a one year high of $10.49.
Rhinebeck Bancorp (NASDAQ:RBKB - Get Free Report) last posted its earnings results on Thursday, January 30th. The company reported $0.05 earnings per share for the quarter. Rhinebeck Bancorp had a negative net margin of 15.89% and a positive return on equity of 3.44%.
Institutional Investors Weigh In On Rhinebeck Bancorp
Several institutional investors and hedge funds have recently added to or reduced their stakes in RBKB. Empowered Funds LLC increased its stake in Rhinebeck Bancorp by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 50,314 shares of the company's stock valued at $465,000 after buying an additional 2,546 shares during the last quarter. Geode Capital Management LLC increased its stake in Rhinebeck Bancorp by 10.8% in the 3rd quarter. Geode Capital Management LLC now owns 37,286 shares of the company's stock valued at $345,000 after buying an additional 3,637 shares during the last quarter. Alliancebernstein L.P. increased its stake in Rhinebeck Bancorp by 70.8% in the 4th quarter. Alliancebernstein L.P. now owns 196,254 shares of the company's stock valued at $1,898,000 after buying an additional 81,345 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Rhinebeck Bancorp by 24.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 22,704 shares of the company's stock valued at $219,000 after buying an additional 4,519 shares during the last quarter. Finally, State of Wyoming purchased a new stake in Rhinebeck Bancorp in the 4th quarter valued at about $25,000. Hedge funds and other institutional investors own 23.88% of the company's stock.
About Rhinebeck Bancorp
(
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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.
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