Matthew James Smith Purchases 12,425 Shares of Rhinebeck Bancorp (NASDAQ:RBKB) Stock

Rhinebeck Bancorp, Inc. (NASDAQ:RBKB) CEO Matthew James Smith acquired 12,425 shares of the stock in a transaction dated Wednesday, July 22nd. The shares were bought at an average cost of $12.00 per share, for a total transaction of $149,100.00. Following the acquisition, the chief executive officer owned 36,251 shares in the company, valued at $435,012. The trade was a 52.15% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Rhinebeck Bancorp Stock Down 0.7%

RBKB opened at $12.32 on Thursday. The business has a 50 day moving average price of $16.22 and a 200 day moving average price of $15.29. Rhinebeck Bancorp, Inc. has a twelve month low of $6.72 and a twelve month 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. The firm has a market cap of $192.32 million, a P/E ratio of 17.30 and a beta of 0.15.

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

Wall Street Analyst Weigh In

RBKB has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of Rhinebeck Bancorp to a “hold” rating in a report on Sunday, July 12th. Weiss Ratings restated a “buy (b-)” rating on shares of Rhinebeck Bancorp in a report on Tuesday, July 21st. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy”.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of RBKB. Bridgeway Capital Management LLC lifted its holdings in shares of Rhinebeck Bancorp by 1.2% during the second quarter. Bridgeway Capital Management LLC now owns 68,858 shares of the company’s stock worth $808,000 after buying an additional 832 shares during the last quarter. Empowered Funds LLC increased its position 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 acquiring an additional 1,762 shares during the period. State Street Corp increased its position in Rhinebeck Bancorp by 7.9% during the fourth quarter. State Street Corp now owns 29,917 shares of the company’s stock worth $360,000 after acquiring an additional 2,202 shares during the period. New York State Common Retirement Fund acquired a new position in Rhinebeck Bancorp during the 2nd quarter valued at $97,000. Finally, Rhumbline Advisers raised its stake in Rhinebeck Bancorp by 34.4% during the 3rd quarter. Rhumbline Advisers now owns 8,346 shares of the company’s stock valued at $95,000 after purchasing an additional 2,137 shares during the last quarter. 23.88% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Rhinebeck Bancorp

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

• Positive Sentiment: Company insiders made substantial open-market purchases on July 22. CEO Matthew James Smith bought 12,425 shares, directors Suzanne Loughlin and Nancy Koskey Patzwahl purchased 12,500 and 25,000 shares, respectively, and EVP Michael Vitale acquired 5,000 shares. The purchases, valued at roughly $657,000 combined, significantly increased their holdings and may signal that management and directors consider RBKB attractively valued near $12 per share. Rhinebeck Bancorp insider purchase filings
• Positive Sentiment: Rhinebeck Bank appointed Travis Podolec as senior vice president and commercial lender in Orange County. He will help expand commercial banking relationships across the Hudson Valley, potentially supporting future loan growth and revenue. However, the announcement included no immediate financial targets. Rhinebeck Bank appoints Travis Podolec article
• Neutral Sentiment: Zacks initiated coverage of RBKB with a Neutral rating. It cited improving credit quality and an expanding commercial-banking footprint, but warned that competitive lending conditions and margin pressure could limit near-term upside. Zacks Rhinebeck Bancorp coverage article

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.