Rhinebeck Bancorp (NASDAQ:RBKB) Stock Price Down 1.2% – Time to Sell?

Rhinebeck Bancorp, Inc. (NASDAQ:RBKB)’s stock price traded down 1.2% during mid-day trading on Thursday . The stock traded as low as $9.91 and last traded at $10.01. 6,603 shares changed hands during trading, an increase of 0% from the average session volume of 6,603 shares. The stock had previously closed at $10.13.

Rhinebeck Bancorp Stock Up 0.3 %

The stock has a market capitalization of $111.11 million, a P/E ratio of -12.37 and a beta of 0.75. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a fifty day moving average price of $9.81 and a 200 day moving average price of $9.26.

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

Insider Activity

In other Rhinebeck Bancorp news, insider Francis X. Dwyer sold 14,779 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $9.78, for a total value of $144,538.62. Following the sale, the insider now directly owns 10,079 shares in the company, valued at $98,572.62. This represents a 59.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last ninety days, insiders sold 17,745 shares of company stock worth $173,652. 6.36% of the stock is owned by company insiders.

Institutional Inflows and Outflows

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