Rhinebeck Bancorp, Inc. (NASDAQ:RBKB – Get Rating) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totalling 800 shares, a drop of 33.3% from the June 15th total of 1,200 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 2,100 shares, the days-to-cover ratio is presently 0.4 days.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of RBKB. Vanguard Group Inc. lifted its stake in shares of Rhinebeck Bancorp by 48.2% during the first quarter. Vanguard Group Inc. now owns 179,535 shares of the company’s stock worth $1,824,000 after purchasing an additional 58,400 shares in the last quarter. BHZ Capital Management LP acquired a new position in shares of Rhinebeck Bancorp during the fourth quarter worth about $183,000. Finally, John G Ullman & Associates Inc. lifted its stake in shares of Rhinebeck Bancorp by 28.0% during the fourth quarter. John G Ullman & Associates Inc. now owns 41,200 shares of the company’s stock worth $439,000 after purchasing an additional 9,000 shares in the last quarter. Institutional investors and hedge funds own 20.06% of the company’s stock.
Rhinebeck Bancorp Price Performance
Shares of Rhinebeck Bancorp stock opened at $9.10 on Friday. Rhinebeck Bancorp has a twelve month low of $9.06 and a twelve month high of $11.52. The stock has a market capitalization of $102.83 million, a P/E ratio of 9.68 and a beta of 1.02. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.18. The business’s fifty day moving average price is $9.43 and its 200 day moving average price is $10.18.
Rhinebeck Bancorp (NASDAQ:RBKB – Get Rating) last issued its earnings results on Thursday, April 28th. The company reported $0.19 earnings per share for the quarter. Rhinebeck Bancorp had a return on equity of 8.41% and a net margin of 20.37%. The firm had revenue of $11.83 million for the quarter.
Rhinebeck Bancorp Company Profile
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; automobile loans; commercial real estate loans, including multi-family real estate loans, commercial construction, and land development loans; commercial business loans; and one-to four-family residential real estate loans.