Wall Street Zen Upgrades Rhinebeck Bancorp (NASDAQ:RBKB) to Hold

Rhinebeck Bancorp (NASDAQ:RBKB) was upgraded by research analysts at Wall Street Zen to a “hold” rating in a report issued on Sunday.

Separately, Weiss Ratings raised shares of Rhinebeck Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, April 24th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Rhinebeck Bancorp Price Performance

Shares of Rhinebeck Bancorp stock traded down $0.11 during mid-day trading on Friday, reaching $16.97. 17,014 shares of the stock were exchanged, compared to its average volume of 44,079. The company has a market cap of $189.55 million, a price-to-earnings ratio of 18.65 and a beta of 0.15. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.07. The firm has a 50-day simple moving average of $16.52 and a 200 day simple moving average of $15.01. Rhinebeck Bancorp has a fifty-two week low of $9.41 and a fifty-two week high of $17.99.

Rhinebeck Bancorp (NASDAQ:RBKB) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.20 earnings per share (EPS) for the quarter. The firm had revenue of $12.66 million during the quarter. Rhinebeck Bancorp had a net margin of 13.20% and a return on equity of 7.42%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Barclays PLC boosted its holdings in Rhinebeck Bancorp by 12.1% in the fourth quarter. Barclays PLC now owns 7,210 shares of the company’s stock valued at $87,000 after acquiring an additional 778 shares during the last quarter. Bridgeway Capital Management LLC raised its holdings in Rhinebeck Bancorp by 1.2% during the 2nd quarter. Bridgeway Capital Management LLC now owns 68,858 shares of the company’s stock worth $808,000 after purchasing an additional 832 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Rhinebeck Bancorp by 46.3% during the 4th quarter. Wells Fargo & Company MN now owns 5,064 shares of the company’s stock worth $61,000 after purchasing an additional 1,602 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of Rhinebeck Bancorp by 3.4% in the 1st quarter. Empowered Funds LLC now owns 53,026 shares of the company’s stock valued at $522,000 after purchasing an additional 1,762 shares during the last quarter. Finally, Rhumbline Advisers grew its position in shares of Rhinebeck Bancorp by 34.4% during the 3rd quarter. Rhumbline Advisers now owns 8,346 shares of the company’s stock worth $95,000 after buying an additional 2,137 shares during the period. 23.88% of the stock is currently owned by institutional investors.

About Rhinebeck Bancorp

Rhinebeck Bancorp, Inc (NASDAQ: RBKB) is the bank holding company for Rhinebeck Bank, a community-focused financial institution headquartered in Rhinebeck, New York. Through its subsidiary, the company offers a full range of banking services including personal checking and savings accounts, business deposit products, residential mortgage lending and consumer loans. Rhinebeck Bancorp leverages its local presence to provide tailored financial solutions and responsive customer service to individuals and small businesses throughout the Hudson Valley region.

The origins of Rhinebeck Bank trace back to the late 19th century, reflecting more than a century of service to Ulster, Dutchess and neighboring counties.