EJF Capital LLC Has $7.26 Million Position in Rhinebeck Bancorp Inc (NASDAQ:RBKB)

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EJF Capital LLC increased its stake in shares of Rhinebeck Bancorp Inc (NASDAQ:RBKB) by 18.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 659,018 shares of the company’s stock after buying an additional 102,545 shares during the quarter. EJF Capital LLC owned about 5.92% of Rhinebeck Bancorp worth $7,262,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of RBKB. Acadian Asset Management LLC acquired a new stake in Rhinebeck Bancorp during the second quarter worth approximately $54,000. BlackRock Inc. grew its position in Rhinebeck Bancorp by 73.0% during the second quarter. BlackRock Inc. now owns 15,197 shares of the company’s stock worth $168,000 after buying an additional 6,415 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in Rhinebeck Bancorp by 31.4% during the second quarter. Vanguard Group Inc. now owns 117,420 shares of the company’s stock worth $1,294,000 after buying an additional 28,087 shares in the last quarter. 13.19% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:RBKB traded up $0.12 during trading hours on Thursday, reaching $10.62. 1 shares of the company were exchanged, compared to its average volume of 3,969. Rhinebeck Bancorp Inc has a 1-year low of $10.50 and a 1-year high of $12.30. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.66. The business has a 50 day moving average of $10.76 and a 200 day moving average of $11.22.

Rhinebeck Bancorp (NASDAQ:RBKB) last issued its quarterly earnings results on Friday, July 26th. The company reported $0.11 earnings per share (EPS) for the quarter. The company had revenue of $9.35 million for the quarter.

Rhinebeck Bancorp 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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