Rhinebeck Bancorp (NASDAQ:RBKB) Announces Earnings Results

Rhinebeck Bancorp (NASDAQ:RBKB) posted its earnings results on Thursday. The company reported $0.05 EPS for the quarter, Zacks reports. Rhinebeck Bancorp had a positive return on equity of 3.81% and a negative net margin of 8.77%.

Rhinebeck Bancorp Trading Up 0.1 %

NASDAQ RBKB traded up $0.01 during trading hours on Thursday, reaching $10.02. The company’s stock had a trading volume of 3,388 shares, compared to its average volume of 6,510. The firm has a fifty day simple moving average of $9.72 and a 200-day simple moving average of $9.08. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.94 and a quick ratio of 0.94. Rhinebeck Bancorp has a 52 week low of $7.30 and a 52 week high of $10.24. The stock has a market cap of $111.12 million, a P/E ratio of -21.32 and a beta of 0.75.

Insiders Place Their Bets

In other news, insider Francis X. Dwyer sold 14,779 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $9.78, for a total transaction of $144,538.62. Following the completion of the transaction, the insider now directly owns 10,079 shares in the company, valued at $98,572.62. This trade represents a 59.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 17,745 shares of company stock valued at $173,652 in the last ninety days. 6.36% of the stock is currently owned by insiders.

About Rhinebeck Bancorp

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.