Rhinebeck Bancorp, Inc. (NASDAQ:RBKB) Sees Significant Decrease in Short Interest

Rhinebeck Bancorp, Inc. (NASDAQ:RBKB) was the target of a significant decline in short interest in April. As of April 15th, there was short interest totalling 23,100 shares, a decline of 25.0% from the March 31st total of 30,800 shares. Based on an average daily trading volume, of 8,300 shares, the days-to-cover ratio is currently 2.8 days. Currently, 0.5% of the shares of the stock are sold short.

Rhinebeck Bancorp Price Performance

Rhinebeck Bancorp stock opened at $7.65 on Friday. Rhinebeck Bancorp has a 52 week low of $6.07 and a 52 week high of $9.51. The business has a 50-day simple moving average of $8.15 and a 200 day simple moving average of $7.63. 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 stock has a market cap of $84.69 million, a price-to-earnings ratio of 17.79 and a beta of 0.72.

Rhinebeck Bancorp (NASDAQ:RBKB) last posted its earnings results on Thursday, January 25th. The company reported $0.09 EPS for the quarter. Rhinebeck Bancorp had a return on equity of 4.32% and a net margin of 6.98%. The business had revenue of $10.54 million during the quarter.

Hedge Funds Weigh In On Rhinebeck Bancorp

An institutional investor recently raised its position in Rhinebeck Bancorp stock. BHZ Capital Management LP lifted its position in Rhinebeck Bancorp, Inc. (NASDAQ:RBKB) by 37.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,189 shares of the company’s stock after purchasing an additional 7,988 shares during the quarter. BHZ Capital Management LP owned 0.26% of Rhinebeck Bancorp worth $235,000 at the end of the most recent quarter. Hedge funds and other 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, and saving accounts, as well as certificates of deposit.