Rhinebeck Bancorp (NASDAQ:RBKB) Releases Earnings Results

Rhinebeck Bancorp (NASDAQ:RBKB) released its earnings results on Thursday. The company reported $0.20 earnings per share for the quarter, Zacks reports. Rhinebeck Bancorp had a net margin of 13.20% and a return on equity of 7.50%. The company had revenue of $12.66 million for the quarter.

Rhinebeck Bancorp Stock Up 4.7%

Shares of RBKB stock opened at $16.49 on Friday. The stock has a market cap of $183.86 million, a P/E ratio of 18.12 and a beta of 0.13. Rhinebeck Bancorp has a 52 week low of $9.41 and a 52 week high of $16.50. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.22. The company’s fifty day simple moving average is $15.59 and its two-hundred day simple moving average is $12.88.

Institutional Trading of Rhinebeck Bancorp

Hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. purchased a new stake in Rhinebeck Bancorp in the 2nd quarter worth $25,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Rhinebeck Bancorp in the 2nd quarter worth $29,000. Wells Fargo & Company MN lifted its stake in Rhinebeck Bancorp by 46.3% in the 4th quarter. Wells Fargo & Company MN now owns 5,064 shares of the company’s stock worth $61,000 after purchasing an additional 1,602 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Rhinebeck Bancorp in the 2nd quarter worth $75,000. Finally, Barclays PLC raised its position in shares of Rhinebeck Bancorp by 12.1% during the 4th quarter. Barclays PLC now owns 7,210 shares of the company’s stock valued at $87,000 after buying an additional 778 shares in the last quarter. Hedge funds and other institutional investors own 23.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Rhinebeck Bancorp in a research note on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Rhinebeck Bancorp currently has a consensus rating of “Hold”.

About Rhinebeck Bancorp

Rhinebeck Bancorp, Inc (NASDAQ: RBKB) is the bank holding company for Rhinebeck Bank, a community-focused financial institution headquartered in Rhinebeck, New York. Through its subsidiary, the company offers a full range of banking services including personal checking and savings accounts, business deposit products, residential mortgage lending and consumer loans. Rhinebeck Bancorp leverages its local presence to provide tailored financial solutions and responsive customer service to individuals and small businesses throughout the Hudson Valley region.

The origins of Rhinebeck Bank trace back to the late 19th century, reflecting more than a century of service to Ulster, Dutchess and neighboring counties.