Rhinebeck Bancorp (NASDAQ:RBKB) Stock Price Down 1% – Here’s Why

Shares of Rhinebeck Bancorp, Inc. (NASDAQ:RBKB) traded down 1% on Friday . The stock traded as low as $11.10 and last traded at $11.17. 2,563 shares were traded during mid-day trading, a decline of 62% from the average session volume of 6,727 shares. The stock had previously closed at $11.28.

Rhinebeck Bancorp Price Performance

The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.94 and a current ratio of 0.94. The business has a 50 day moving average price of $10.35 and a 200-day moving average price of $9.94. The company has a market capitalization of $123.93 million, a price-to-earnings ratio of -13.79 and a beta of 0.40.

Rhinebeck Bancorp (NASDAQ:RBKB) last issued its earnings results on Thursday, April 24th. The company reported $0.21 earnings per share for the quarter. Rhinebeck Bancorp had a positive return on equity of 3.44% and a negative net margin of 15.89%. The business had revenue of $12.79 million during the quarter.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. State of Wyoming acquired a new position in shares of Rhinebeck Bancorp during the fourth quarter valued at about $25,000. Geode Capital Management LLC raised its stake in Rhinebeck Bancorp by 10.8% during the 3rd quarter. Geode Capital Management LLC now owns 37,286 shares of the company’s stock worth $345,000 after buying an additional 3,637 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Rhinebeck Bancorp by 24.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 22,704 shares of the company’s stock worth $219,000 after acquiring an additional 4,519 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in Rhinebeck Bancorp by 70.8% in the fourth quarter. Alliancebernstein L.P. now owns 196,254 shares of the company’s stock valued at $1,898,000 after acquiring an additional 81,345 shares during the period. 23.88% of the stock is owned by institutional investors.

About Rhinebeck Bancorp

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, commercial and personal checking, individual retirement, and saving accounts, as well as certificates of deposit.