Rhinebeck Bancorp (NASDAQ:RBKB) CEO Purchases 12,425 Shares

Rhinebeck Bancorp, Inc. (NASDAQ:RBKB) CEO Matthew James Smith bought 12,425 shares of the stock in a transaction that occurred on Wednesday, July 22nd. The stock was purchased at an average price of $12.00 per share, for a total transaction of $149,100.00. Following the completion of the purchase, the chief executive officer directly owned 36,251 shares in the company, valued at $435,012. The trade was a 52.15% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Rhinebeck Bancorp Stock Performance

RBKB traded up $0.16 during trading on Tuesday, hitting $12.46. The stock had a trading volume of 59,906 shares, compared to its average volume of 40,546. The firm has a market cap of $194.51 million, a PE ratio of 17.49 and a beta of 0.15. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.07. Rhinebeck Bancorp, Inc. has a 12 month low of $6.72 and a 12 month high of $12.85. The company has a 50 day simple moving average of $16.36 and a 200-day simple moving average of $15.28.

Rhinebeck Bancorp (NASDAQ:RBKB) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $0.24 EPS for the quarter. Rhinebeck Bancorp had a return on equity of 7.24% and a net margin of 12.99%.The business had revenue of $13.38 million for the quarter.

Institutional Investors Weigh In On Rhinebeck Bancorp

A number of institutional investors have recently bought and sold shares of the business. Empowered Funds LLC raised its stake in shares of Rhinebeck Bancorp by 3.2% in the 1st quarter. Empowered Funds LLC now owns 59,627 shares of the company’s stock valued at $919,000 after buying an additional 1,871 shares in the last quarter. Renaissance Technologies LLC increased its stake in Rhinebeck Bancorp by 14.6% in the first quarter. Renaissance Technologies LLC now owns 24,300 shares of the company’s stock valued at $375,000 after acquiring an additional 3,100 shares during the period. Barclays PLC increased its stake in Rhinebeck Bancorp by 12.1% in the fourth quarter. Barclays PLC now owns 7,210 shares of the company’s stock valued at $87,000 after acquiring an additional 778 shares during the period. State Street Corp raised its position in Rhinebeck Bancorp by 7.9% in the fourth quarter. State Street Corp now owns 29,917 shares of the company’s stock worth $360,000 after purchasing an additional 2,202 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in Rhinebeck Bancorp by 46.3% in the fourth 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. Institutional investors and hedge funds own 23.88% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on RBKB. Wall Street Zen raised Rhinebeck Bancorp to a “hold” rating in a research report on Sunday, July 12th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Rhinebeck Bancorp in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy”.

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.