Rhinebeck Bancorp, Inc. (NASDAQ:RBKB) Short Interest Down 29.6% in September

Rhinebeck Bancorp, Inc. (NASDAQ:RBKB) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totalling 7,600 shares, a decrease of 29.6% from the September 15th total of 10,800 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 7,200 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Rhinebeck Bancorp stock. Empowered Funds LLC lifted its position in Rhinebeck Bancorp, Inc. (NASDAQ:RBKB) by 8.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 44,348 shares of the company’s stock after buying an additional 3,325 shares during the period. Empowered Funds LLC owned about 0.40% of Rhinebeck Bancorp worth $375,000 as of its most recent SEC filing. Institutional investors own 23.88% of the company’s stock.

Rhinebeck Bancorp Stock Down 0.2 %

RBKB traded down $0.02 during midday trading on Friday, reaching $9.49. The company’s stock had a trading volume of 10,109 shares, compared to its average volume of 6,870. The firm has a market capitalization of $105.24 million, a price-to-earnings ratio of 24.33 and a beta of 0.74. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.73. Rhinebeck Bancorp has a 1 year low of $6.10 and a 1 year high of $9.81. The stock’s 50-day moving average is $8.50 and its 200-day moving average is $8.12.

Rhinebeck Bancorp (NASDAQ:RBKB) last issued its earnings results on Thursday, July 25th. The company reported $0.09 earnings per share (EPS) for the quarter. The firm had revenue of $10.65 million for the quarter. Rhinebeck Bancorp had a net margin of 6.21% and a return on equity of 3.78%.

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.