Insider Selling: Rhinebeck Bancorp, Inc. (NASDAQ:RBKB) Insider Sells 1,430 Shares of Stock

Rhinebeck Bancorp, Inc. (NASDAQ:RBKB) insider Karen E. Morgan-D’amelio sold 1,430 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $9.80, for a total value of $14,014.00. Following the completion of the transaction, the insider now directly owns 1,536 shares in the company, valued at approximately $15,052.80. This represents a 48.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Rhinebeck Bancorp Stock Performance

RBKB stock traded down $0.03 during trading on Wednesday, reaching $9.81. The stock had a trading volume of 30,950 shares, compared to its average volume of 7,024. Rhinebeck Bancorp, Inc. has a 52 week low of $6.10 and a 52 week high of $10.24. The stock’s 50 day moving average is $9.26 and its two-hundred day moving average is $8.48. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.53. The firm has a market cap of $108.77 million, a PE ratio of -20.94 and a beta of 0.74.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Rhinebeck Bancorp by 135.3% in the first quarter. Vanguard Group Inc. now owns 242,118 shares of the company’s stock worth $2,046,000 after buying an additional 139,200 shares during the period. Empowered Funds LLC raised its stake in shares of Rhinebeck Bancorp by 5.3% in the third quarter. Empowered Funds LLC now owns 50,314 shares of the company’s stock worth $465,000 after buying an additional 2,546 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Rhinebeck Bancorp by 10.8% in the third quarter. Geode Capital Management LLC now owns 37,286 shares of the company’s stock worth $345,000 after buying an additional 3,637 shares during the period. Institutional investors own 23.88% of the company’s stock.

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, commercial and personal checking, individual retirement, and saving accounts, as well as certificates of deposit.