Rhinebeck Bancorp (NASDAQ:RBKB) Shares Up 0.1% – Still a Buy?

Rhinebeck Bancorp, Inc. (NASDAQ:RBKB)’s share price traded up 0.1% during mid-day trading on Tuesday . The company traded as high as $12.30 and last traded at $12.11. 5,057 shares were traded during trading, a decline of 50% from the average session volume of 10,084 shares. The stock had previously closed at $12.10.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Rhinebeck Bancorp in a research note on Monday. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Rhinebeck Bancorp Trading Up 0.1%

The company has a 50-day moving average price of $10.75 and a two-hundred day moving average price of $11.79. The stock has a market cap of $135.03 million, a P/E ratio of 26.33 and a beta of 0.19. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.24.

Rhinebeck Bancorp (NASDAQ:RBKB) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $0.25 earnings per share (EPS) for the quarter. Rhinebeck Bancorp had a return on equity of 6.47% and a net margin of 7.20%.The company had revenue of $13.97 million during the quarter.

Hedge Funds Weigh In On Rhinebeck Bancorp

Hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. bought a new stake in Rhinebeck Bancorp in the second quarter worth about $25,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Rhinebeck Bancorp in the second quarter worth approximately $29,000. Raymond James Financial Inc. bought a new stake in shares of Rhinebeck Bancorp during the 2nd quarter worth approximately $75,000. New York State Common Retirement Fund purchased a new position in Rhinebeck Bancorp during the 2nd quarter valued at $97,000. Finally, Rhumbline Advisers grew its position in Rhinebeck Bancorp by 34.4% in the 3rd quarter. Rhumbline Advisers now owns 8,346 shares of the company’s stock valued at $95,000 after acquiring an additional 2,137 shares during the last quarter. 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.