Rhinebeck Bancorp, Inc. (NASDAQ:RBKB) Sees Significant Decrease in Short Interest

Rhinebeck Bancorp, Inc. (NASDAQ:RBKB) was the target of a significant decline in short interest in April. As of April 15th, there was short interest totalling 23,100 shares, a decline of 25.0% from the March 31st total of 30,800 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average trading volume of 8,300 shares, the short-interest ratio is currently 2.8 days.

Rhinebeck Bancorp Price Performance

Shares of Rhinebeck Bancorp stock opened at $7.65 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $84.69 million, a price-to-earnings ratio of 17.79 and a beta of 0.72. Rhinebeck Bancorp has a 52 week low of $6.07 and a 52 week high of $9.51. The stock’s 50-day simple moving average is $8.15 and its 200-day simple moving average is $7.63.

Rhinebeck Bancorp (NASDAQ:RBKB) last posted its earnings results on Thursday, January 25th. The company reported $0.09 EPS for the quarter. The company had revenue of $10.54 million for the quarter. Rhinebeck Bancorp had a return on equity of 4.32% and a net margin of 6.98%.

Institutional Investors Weigh In On Rhinebeck Bancorp

An institutional investor recently raised its position in Rhinebeck Bancorp stock. BHZ Capital Management LP increased its position in Rhinebeck Bancorp, Inc. (NASDAQ:RBKB) by 37.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,189 shares of the company’s stock after buying an additional 7,988 shares during the period. BHZ Capital Management LP owned 0.26% of Rhinebeck Bancorp worth $235,000 at the end of the most recent quarter. 23.88% of the stock is currently owned by hedge funds and other institutional investors.

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, and saving accounts, as well as certificates of deposit.