Rhinebeck Bancorp (NASDAQ:RBKB) Posts Earnings Results

Rhinebeck Bancorp (NASDAQ:RBKB) issued its quarterly earnings results on Thursday. The company reported $0.24 EPS for the quarter, Zacks reports. Rhinebeck Bancorp had a return on equity of 7.42% and a net margin of 13.20%.The firm had revenue of $13.38 million during the quarter.

Rhinebeck Bancorp Stock Up 2.6%

RBKB stock opened at $12.35 on Friday. Rhinebeck Bancorp has a one year low of $6.72 and a one year high of $12.85. The firm has a market cap of $192.78 million, a PE ratio of 18.97 and a beta of 0.15. The firm’s 50 day moving average price is $16.50 and its 200-day moving average price is $15.28. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.93 and a current ratio of 0.93.

Analyst Ratings Changes

Several equities analysts have recently weighed in on RBKB shares. Wall Street Zen raised shares of Rhinebeck Bancorp to a “hold” rating in a research note on Sunday, July 12th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Rhinebeck Bancorp in a report on Tuesday. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Hedge Funds Weigh In On Rhinebeck Bancorp

A number of hedge funds have recently modified their holdings of the business. Alliancebernstein L.P. raised its holdings in Rhinebeck Bancorp by 1.2% in the 3rd quarter. Alliancebernstein L.P. now owns 390,959 shares of the company’s stock valued at $4,441,000 after buying an additional 4,718 shares during the period. Geode Capital Management LLC boosted its stake in Rhinebeck Bancorp by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 92,371 shares of the company’s stock worth $1,110,000 after buying an additional 3,258 shares during the period. Bridgeway Capital Management LLC boosted its stake in Rhinebeck Bancorp by 5.7% during the third quarter. Bridgeway Capital Management LLC now owns 72,756 shares of the company’s stock worth $827,000 after buying an additional 3,898 shares during the period. Empowered Funds LLC boosted its stake in Rhinebeck Bancorp by 3.4% during the first quarter. Empowered Funds LLC now owns 53,026 shares of the company’s stock worth $522,000 after buying an additional 1,762 shares during the period. Finally, 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 valued at $360,000 after acquiring an additional 2,202 shares during the last quarter. 23.88% of the stock is currently owned by hedge funds and other 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.