Rhinebeck Bancorp (NASDAQ:RBKB) Director Nancy Koskey Patzwahl Buys 25,000 Shares

Rhinebeck Bancorp, Inc. (NASDAQ:RBKB) Director Nancy Koskey Patzwahl bought 25,000 shares of the business’s stock in a transaction on Wednesday, July 22nd. The stock was bought at an average price of $11.94 per share, for a total transaction of $298,500.00. Following the transaction, the director directly owned 27,270 shares of the company’s stock, valued at approximately $325,603.80. This represents a 1,101.32% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Rhinebeck Bancorp Stock Performance

NASDAQ RBKB opened at $12.41 on Wednesday. The firm’s fifty day moving average price is $16.29 and its two-hundred day moving average price is $15.29. The stock has a market cap of $193.72 million, a PE ratio of 17.43 and a beta of 0.15. Rhinebeck Bancorp, Inc. has a fifty-two week low of $6.72 and a fifty-two week high of $12.85. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.93 and a current ratio of 0.93.

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

Institutional Trading of Rhinebeck Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the stock. Empowered Funds LLC raised its position in Rhinebeck Bancorp by 3.4% during the 1st quarter. Empowered Funds LLC now owns 53,026 shares of the company’s stock worth $522,000 after purchasing an additional 1,762 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Rhinebeck Bancorp by 122.2% in the 2nd quarter. Geode Capital Management LLC now owns 87,643 shares of the company’s stock valued at $1,028,000 after buying an additional 48,203 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of Rhinebeck Bancorp in the second quarter valued at about $25,000. New York State Common Retirement Fund acquired a new stake in shares of Rhinebeck Bancorp in the second quarter valued at about $97,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Rhinebeck Bancorp during the second quarter worth about $29,000. 23.88% of the stock is currently owned by institutional investors and hedge funds.

Rhinebeck Bancorp News Roundup

Here are the key news stories impacting Rhinebeck Bancorp this week:

• Positive Sentiment: Company insiders made significant open-market purchases on July 22: CEO Matthew James Smith bought 12,425 shares for approximately $149,100, Director Suzanne Loughlin purchased 12,500 shares for $149,125, EVP Michael Vitale acquired 5,000 shares for $59,700, and Director Nancy Koskey Patzwahl bought 25,000 shares for $298,500. The purchases increased their respective holdings substantially, suggesting that management and directors view RBKB’s stock as attractive at prices around $11.93 to $12.00. CEO insider purchase filing
• Positive Sentiment: Rhinebeck Bank, RBKB’s wholly owned subsidiary, appointed Travis Podolec as senior vice president and commercial lender in Orange County. His role will focus on expanding commercial banking relationships across the Hudson Valley and surrounding markets, supporting loan growth and the bank’s broader commercial-banking strategy. The appointment is strategically favorable, although no immediate earnings impact or financial targets were provided. Rhinebeck Bank appoints Travis Podolec article
• Neutral Sentiment: Zacks initiated coverage of Rhinebeck Bancorp with a Neutral recommendation. The firm recognized improving credit quality and an expanding commercial lending footprint, but cited a competitive lending environment and pressure on margins as factors limiting its conviction. Zacks Rhinebeck Bancorp coverage article

Analyst Upgrades and Downgrades

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

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.