Rhinebeck Bancorp, Inc. (NASDAQ:RBKB) Sees Large Growth in Short Interest

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

Insider Activity

In other news, insider Francis X. Dwyer sold 14,779 shares of the firm’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $9.78, for a total transaction of $144,538.62. Following the transaction, the insider now owns 10,079 shares in the company, valued at approximately $98,572.62. This trade represents a 59.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.36% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of RBKB. State of Wyoming bought a new position in Rhinebeck Bancorp in the 4th quarter worth $25,000. Dimensional Fund Advisors LP raised its holdings in Rhinebeck Bancorp by 24.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 22,704 shares of the company’s stock worth $219,000 after acquiring an additional 4,519 shares during the period. Geode Capital Management LLC raised its holdings in Rhinebeck Bancorp by 10.8% in the 3rd quarter. Geode Capital Management LLC now owns 37,286 shares of the company’s stock worth $345,000 after acquiring an additional 3,637 shares during the period. Empowered Funds LLC raised its holdings in Rhinebeck Bancorp by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 50,314 shares of the company’s stock worth $465,000 after acquiring an additional 2,546 shares during the period. 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 worth $1,898,000 after acquiring an additional 81,345 shares during the period. Institutional investors own 23.88% of the company’s stock.

Rhinebeck Bancorp Stock Up 0.8 %

Shares of Rhinebeck Bancorp stock traded up $0.08 during midday trading on Friday, reaching $10.25. 3,005 shares of the company’s stock traded hands, compared to its average volume of 6,851. The company has a market cap of $113.65 million, a price-to-earnings ratio of -12.65 and a beta of 0.75. The company’s 50 day simple moving average is $9.87 and its 200 day simple moving average is $9.32. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.94 and a current ratio of 0.94. Rhinebeck Bancorp has a 52 week low of $7.30 and a 52 week high of $10.25.

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

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.