Rhinebeck Bancorp, Inc. (NASDAQ:RBKB) Short Interest Update

Rhinebeck Bancorp, Inc. (NASDAQ:RBKB - Get Free Report) was the recipient of a significant growth in short interest in February. As of February 15th, there was short interest totalling 12,700 shares, a growth of 119.0% from the January 31st total of 5,800 shares. Currently, 0.3% of the company's shares are sold short. Based on an average trading volume of 7,000 shares, the short-interest ratio is currently 1.8 days.

Rhinebeck Bancorp Stock Up 0.7 %

NASDAQ:RBKB traded up $0.07 during trading hours on Wednesday, reaching $10.30. The company's stock had a trading volume of 2,038 shares, compared to its average volume of 6,782. The company has a market capitalization of $114.21 million, a P/E ratio of -12.72 and a beta of 0.74. Rhinebeck Bancorp has a 12 month low of $7.30 and a 12 month high of $10.31. 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 $9.91 and a two-hundred day moving average price of $9.38.

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

Insider Activity

In other news, insider Francis X. Dwyer sold 14,779 shares of Rhinebeck Bancorp stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $9.78, for a total transaction of $144,538.62. Following the completion of the sale, the insider now owns 10,079 shares of the company's stock, valued at approximately $98,572.62. The trade was a 59.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 6.36% of the company's stock.

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Hedge Funds Weigh In On Rhinebeck Bancorp

A number of large investors have recently bought and sold shares of RBKB. Empowered Funds LLC raised its stake in Rhinebeck Bancorp by 5.3% in the third quarter. Empowered Funds LLC now owns 50,314 shares of the company's stock worth $465,000 after buying an additional 2,546 shares in the last quarter. Geode Capital Management LLC grew its holdings in 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. Alliancebernstein L.P. grew its holdings in Rhinebeck Bancorp by 70.8% in the fourth quarter. Alliancebernstein L.P. now owns 196,254 shares of the company's stock worth $1,898,000 after purchasing an additional 81,345 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Rhinebeck Bancorp by 24.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 22,704 shares of the company's stock worth $219,000 after purchasing an additional 4,519 shares during the last quarter. Finally, State of Wyoming purchased a new position in Rhinebeck Bancorp in the fourth quarter worth $25,000. Institutional investors own 23.88% of the company's stock.

Rhinebeck Bancorp Company 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.