Insider Buying: Rhinebeck Bancorp (NASDAQ:RBKB) Director Buys $149,125.00 in Stock

Rhinebeck Bancorp, Inc. (NASDAQ:RBKB) Director Suzanne Loughlin acquired 12,500 shares of Rhinebeck Bancorp stock in a transaction that occurred on Wednesday, July 22nd. The stock was bought at an average price of $11.93 per share, for a total transaction of $149,125.00. Following the completion of the acquisition, the director owned 46,828 shares in the company, valued at $558,658.04. This trade represents a 36.41% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Rhinebeck Bancorp Trading Up 1.3%

Shares of RBKB stock opened at $12.48 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market cap of $194.85 million, a PE ratio of 17.52 and a beta of 0.15. The company has a 50-day moving average of $16.16 and a two-hundred day moving average of $15.29. Rhinebeck Bancorp, Inc. has a 1-year low of $6.72 and a 1-year high of $12.85.

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

Analyst Ratings Changes

A number of brokerages have issued reports on RBKB. Weiss Ratings reissued a “buy (b-)” rating on shares of Rhinebeck Bancorp in a research report on Tuesday, July 21st. Wall Street Zen upgraded Rhinebeck Bancorp to a “hold” rating in a research report on Sunday, July 12th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in RBKB. Bridgeway Capital Management LLC lifted its holdings in Rhinebeck Bancorp by 1.2% during the 2nd quarter. Bridgeway Capital Management LLC now owns 68,858 shares of the company’s stock worth $808,000 after buying an additional 832 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Rhinebeck Bancorp by 3.4% in the first quarter. Empowered Funds LLC now owns 53,026 shares of the company’s stock worth $522,000 after acquiring an additional 1,762 shares in the last quarter. State Street Corp increased its position in shares of Rhinebeck Bancorp by 7.9% during the fourth quarter. State Street Corp now owns 29,917 shares of the company’s stock worth $360,000 after acquiring an additional 2,202 shares during the period. New York State Common Retirement Fund purchased a new stake in shares of Rhinebeck Bancorp during the second quarter worth $97,000. Finally, Rhumbline Advisers raised its stake in shares of Rhinebeck Bancorp by 34.4% in the third quarter. Rhumbline Advisers now owns 8,346 shares of the company’s stock valued at $95,000 after acquiring an additional 2,137 shares in the last quarter. Hedge funds and other institutional investors own 23.88% of the company’s stock.

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.