Rhinebeck Bancorp Inc (NASDAQ:RBKB) Short Interest Update

Rhinebeck Bancorp Inc (NASDAQ:RBKB) was the target of a significant decrease in short interest in the month of March. As of March 13th, there was short interest totalling 1,600 shares, a decrease of 76.1% from the February 27th total of 6,700 shares. Based on an average daily volume of 9,600 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Separately, ValuEngine downgraded shares of Rhinebeck Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, March 17th.

RBKB stock traded up $0.81 during trading on Thursday, hitting $6.84. The company had a trading volume of 5,225 shares, compared to its average volume of 7,495. The firm has a market capitalization of $67.11 million, a price-to-earnings ratio of 12.21 and a beta of 0.75. The business has a 50 day moving average of $9.89 and a 200 day moving average of $10.58. Rhinebeck Bancorp has a fifty-two week low of $5.90 and a fifty-two week high of $12.10. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.49.

Rhinebeck Bancorp (NASDAQ:RBKB) last posted its quarterly earnings data on Friday, February 7th. The company reported $0.16 earnings per share for the quarter. The business had revenue of $9.77 million during the quarter. Rhinebeck Bancorp had a net margin of 12.79% and a return on equity of 5.65%.

A number of hedge funds have recently bought and sold shares of the stock. Millennium Management LLC lifted its holdings in Rhinebeck Bancorp by 19.3% in the third quarter. Millennium Management LLC now owns 48,843 shares of the company’s stock worth $522,000 after purchasing an additional 7,913 shares during the period. Farley Capital L.P. acquired a new stake in Rhinebeck Bancorp in the fourth quarter worth about $283,000. Finally, Alliancebernstein L.P. lifted its holdings in Rhinebeck Bancorp by 72.0% in the 4th quarter. Alliancebernstein L.P. now owns 76,383 shares of the company’s stock valued at $864,000 after acquiring an additional 31,983 shares during the last quarter. 13.50% of the stock is owned by institutional investors and hedge funds.

Rhinebeck Bancorp Company Profile

Rhinebeck Bancorp, Inc provides banking services to customers in the central Hudson Valley region of New York State. The company offers deposits; automobile loans; commercial real estate loans, including multi-family real estate loans and commercial construction loans; commercial business loans; and one- to four-family residential real estate loans.

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