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

Rhinebeck Bancorp, Inc. (NASDAQ:RBKB) was the recipient of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 12,700 shares, an increase of 119.0% from the January 31st total of 5,800 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 7,000 shares, the short-interest ratio is presently 1.8 days.

Rhinebeck Bancorp Stock Up 0.8 %

Shares of RBKB stock traded up $0.08 during mid-day trading on Friday, hitting $10.25. 3,005 shares of the stock traded hands, compared to its average volume of 6,851. Rhinebeck Bancorp has a 52-week low of $7.30 and a 52-week high of $10.25. The stock has a market cap of $113.65 million, a P/E ratio of -12.65 and a beta of 0.75. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.94 and a quick ratio of 0.94. The stock’s fifty day moving average is $9.87 and its two-hundred day moving average is $9.33.

Rhinebeck Bancorp (NASDAQ:RBKB) last issued its quarterly earnings results on Thursday, January 30th. The company reported $0.05 earnings per share (EPS) for the quarter. Rhinebeck Bancorp had a negative net margin of 15.89% and a positive return on equity of 3.44%.

Insider Buying and Selling

In other Rhinebeck Bancorp news, insider Francis X. Dwyer sold 14,779 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $9.78, for a total transaction of $144,538.62. Following 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 6.36% of the stock is owned by corporate insiders.

Institutional Trading of Rhinebeck Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC raised its stake in Rhinebeck Bancorp by 10.8% in the 3rd quarter. Geode Capital Management LLC now owns 37,286 shares of the company’s stock valued at $345,000 after purchasing an additional 3,637 shares during the last quarter. Empowered Funds LLC lifted 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 in the last quarter. State of Wyoming acquired a new position in Rhinebeck Bancorp during the fourth quarter worth about $25,000. Dimensional Fund Advisors LP grew its stake in Rhinebeck Bancorp by 24.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 22,704 shares of the company’s stock valued at $219,000 after acquiring an additional 4,519 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in Rhinebeck Bancorp by 70.8% in the 4th quarter. Alliancebernstein L.P. now owns 196,254 shares of the company’s stock valued at $1,898,000 after acquiring an additional 81,345 shares during the last quarter. 23.88% of the stock is currently owned by hedge funds and other institutional investors.

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.