Insider Buying: Rhinebeck Bancorp (NASDAQ:RBKB) EVP Buys $59,700.00 in Stock

Rhinebeck Bancorp, Inc. (NASDAQ:RBKB) EVP Michael Vitale acquired 5,000 shares of the company’s stock in a transaction dated Wednesday, July 22nd. The shares were purchased at an average price of $11.94 per share, with a total value of $59,700.00. Following the completion of the acquisition, the executive vice president owned 17,580 shares in the company, valued at approximately $209,905.20. The trade was a 39.75% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Rhinebeck Bancorp Trading Up 1.3%

Shares of RBKB opened at $12.48 on Friday. Rhinebeck Bancorp, Inc. has a twelve month low of $6.72 and a twelve month high of $12.85. The firm has a market capitalization of $194.85 million, a P/E ratio of 17.52 and a beta of 0.15. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.07. The stock’s fifty day simple moving average is $16.16 and its 200 day simple moving average is $15.29.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on RBKB shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Rhinebeck Bancorp in a report on Tuesday, July 21st. Wall Street Zen upgraded shares of Rhinebeck Bancorp to a “hold” rating in a report on Sunday, July 12th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy”.

Institutional Trading of Rhinebeck Bancorp

Several large investors have recently added to or reduced their stakes in the stock. Barclays PLC boosted its position in shares of Rhinebeck Bancorp by 12.1% in the fourth quarter. Barclays PLC now owns 7,210 shares of the company’s stock worth $87,000 after buying an additional 778 shares during the period. Bridgeway Capital Management LLC grew its stake in shares of Rhinebeck Bancorp by 1.2% in the second quarter. Bridgeway Capital Management LLC now owns 68,858 shares of the company’s stock valued at $808,000 after buying an additional 832 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Rhinebeck Bancorp by 46.3% during the 4th quarter. Wells Fargo & Company MN now owns 5,064 shares of the company’s stock valued at $61,000 after buying an additional 1,602 shares during the period. Empowered Funds LLC raised its holdings in shares of Rhinebeck Bancorp by 3.4% during the 1st quarter. Empowered Funds LLC now owns 53,026 shares of the company’s stock valued at $522,000 after buying an additional 1,762 shares during the period. Finally, Rhumbline Advisers lifted its position in Rhinebeck Bancorp by 34.4% during the 3rd quarter. Rhumbline Advisers now owns 8,346 shares of the company’s stock worth $95,000 after acquiring an additional 2,137 shares in the last quarter. 23.88% of the stock is currently owned by institutional investors and hedge funds.

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.