Rhinebeck Bancorp (NASDAQ:RBKB) EVP Acquires 5,000 Shares of Stock

Rhinebeck Bancorp, Inc. (NASDAQ:RBKB) EVP Michael Vitale acquired 5,000 shares of the stock in a transaction on Wednesday, July 22nd. The shares were acquired at an average price of $11.94 per share, with a total value of $59,700.00. Following the purchase, the executive vice president owned 17,580 shares in the company, valued at $209,905.20. This represents a 39.75% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Rhinebeck Bancorp Stock Up 1.3%

Shares of RBKB traded up $0.16 during trading on Tuesday, reaching $12.46. The company’s stock had a trading volume of 59,987 shares, compared to its average volume of 40,547. The company has a fifty day moving average of $16.36 and a two-hundred day moving average of $15.28. Rhinebeck Bancorp, Inc. has a twelve month low of $6.72 and a twelve month high of $12.85. The company has a market cap of $194.51 million, a price-to-earnings ratio of 17.49 and a beta of 0.15. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.07.

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Rhinebeck Bancorp in a research note on Tuesday, July 21st. Wall Street Zen raised Rhinebeck Bancorp to a “hold” rating in a report on Sunday, July 12th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy”.

Institutional Investors Weigh In On Rhinebeck Bancorp

A number of hedge funds have recently added to or reduced their stakes in RBKB. JPMorgan Chase & Co. bought a new position in shares of Rhinebeck Bancorp during the second quarter worth about $25,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Rhinebeck Bancorp in the second quarter valued at approximately $29,000. Wells Fargo & Company MN increased its stake in shares of Rhinebeck Bancorp by 46.3% in the fourth quarter. Wells Fargo & Company MN now owns 5,064 shares of the company’s stock valued at $61,000 after purchasing an additional 1,602 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Rhinebeck Bancorp during the second quarter valued at approximately $75,000. Finally, Barclays PLC boosted its position in shares of Rhinebeck Bancorp by 12.1% during the fourth quarter. Barclays PLC now owns 7,210 shares of the company’s stock worth $87,000 after buying an additional 778 shares during the period. 23.88% of the stock is currently owned by institutional investors.

Rhinebeck Bancorp Company Profile

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.