Rhinebeck Bancorp (NASDAQ:RBKB) Issues Quarterly Earnings Results

Rhinebeck Bancorp (NASDAQ:RBKB) announced its quarterly earnings results on Thursday. The company reported $0.21 EPS for the quarter, Zacks reports. The business had revenue of $15.07 million for the quarter. Rhinebeck Bancorp had a net margin of 12.99% and a return on equity of 7.20%.

Rhinebeck Bancorp Price Performance

Shares of RBKB stock traded up $0.17 during trading hours on Friday, reaching $13.02. The company had a trading volume of 35,695 shares, compared to its average volume of 66,383. The stock has a fifty day moving average of $12.85 and a 200-day moving average of $14.48. The company has a market capitalization of $203.50 million, a price-to-earnings ratio of 18.28 and a beta of 0.16. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.94 and a current ratio of 0.94. Rhinebeck Bancorp has a 12-month low of $6.72 and a 12-month high of $13.28.

Wall Street Analysts Forecast Growth

RBKB has been the subject of several research analyst reports. Weiss Ratings lowered shares of Rhinebeck Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday. Wall Street Zen raised Rhinebeck Bancorp to a “hold” rating in a report on Sunday, July 12th. One research analyst has rated the stock with a Buy rating. According to MarketBeat, the company has a consensus rating of “Buy”.

Insider Buying and Selling at Rhinebeck Bancorp

In other news, EVP Michael Vitale bought 4,834 shares of the business’s stock in a transaction on Thursday, August 6th. The shares were bought at an average price of $12.35 per share, with a total value of $59,699.90. Following the completion of the transaction, the executive vice president directly owned 22,414 shares in the company, valued at $276,812.90. This trade represents a 27.50% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.00% of the stock is currently owned by corporate insiders.

Rhinebeck Bancorp Company Profile

Rhinebeck Bancorp, Inc is the holding company for Rhinebeck Bank, a community bank headquartered in Rhinebeck, New York. Through its banking subsidiary, the company provides a range of financial services to individuals, families, businesses and nonprofit organizations.

Rhinebeck Bank offers deposit products such as checking, savings, money market and certificate accounts, along with residential mortgage loans, home equity financing, consumer loans and commercial lending. Its business services include commercial real estate loans, business loans, cash management and other banking solutions designed for local enterprises.

Founded in 1864, Rhinebeck Bank has a long history of serving communities in New York’s Hudson Valley.