Rhinebeck Bancorp, Inc. (NASDAQ:RBKB) Short Interest Update

Rhinebeck Bancorp, Inc. (NASDAQ:RBKB) saw a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 12,700 shares, an increase of 119.0% from the January 31st total of 5,800 shares. Based on an average daily volume of 7,000 shares, the days-to-cover ratio is presently 1.8 days. Currently, 0.3% of the shares of the company are sold short.

Rhinebeck Bancorp Stock Performance

Shares of NASDAQ:RBKB traded up $0.08 on Friday, hitting $10.25. 3,005 shares of the company were exchanged, compared to its average volume of 6,851. The company’s 50 day moving average price is $9.87 and its two-hundred day moving average price is $9.32. Rhinebeck Bancorp has a one year low of $7.30 and a one year high of $10.25. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market capitalization of $113.65 million, a price-to-earnings ratio of -12.65 and a beta of 0.75.

Rhinebeck Bancorp (NASDAQ:RBKB) last posted its quarterly earnings data on Thursday, January 30th. The company reported $0.05 earnings per share (EPS) for the quarter. Rhinebeck Bancorp had a negative net margin of 15.89% and a positive return on equity of 3.44%.

Insider Transactions at Rhinebeck Bancorp

In other news, insider Francis X. Dwyer sold 14,779 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $9.78, for a total transaction of $144,538.62. Following the transaction, the insider now owns 10,079 shares in the company, valued at approximately $98,572.62. The trade was a 59.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 6.36% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in RBKB. State of Wyoming acquired a new stake in Rhinebeck Bancorp during the fourth quarter valued at approximately $25,000. Dimensional Fund Advisors LP lifted its position in shares of Rhinebeck Bancorp by 24.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 22,704 shares of the company’s stock worth $219,000 after buying an additional 4,519 shares during the period. Geode Capital Management LLC boosted its stake in Rhinebeck Bancorp by 10.8% in the 3rd quarter. Geode Capital Management LLC now owns 37,286 shares of the company’s stock valued at $345,000 after buying an additional 3,637 shares in the last quarter. Empowered Funds LLC grew its position in Rhinebeck Bancorp by 5.3% in the third quarter. Empowered Funds LLC now owns 50,314 shares of the company’s stock valued at $465,000 after acquiring an additional 2,546 shares during the period. Finally, Alliancebernstein L.P. raised its stake in Rhinebeck Bancorp by 70.8% during the fourth quarter. Alliancebernstein L.P. now owns 196,254 shares of the company’s stock worth $1,898,000 after acquiring an additional 81,345 shares in the last quarter. Institutional investors and hedge funds own 23.88% of the company’s stock.

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, including non-interest-bearing demand, interest bearing demand, money market, commercial and personal checking, individual retirement, and saving accounts, as well as certificates of deposit.