Rhinebeck Bancorp (NASDAQ:RBKB) Posts Earnings Results

Rhinebeck Bancorp (NASDAQ:RBKB) released its quarterly earnings results on Thursday. The company reported $0.21 earnings per share for the quarter, Zacks reports. Rhinebeck Bancorp had a net margin of 12.99% and a return on equity of 7.20%.

Rhinebeck Bancorp Price Performance

RBKB stock traded up $0.02 during mid-day trading on Thursday, hitting $12.85. 30,877 shares of the stock were exchanged, compared to its average volume of 66,604. The business has a fifty day moving average price of $12.85 and a 200 day moving average price of $14.47. Rhinebeck Bancorp has a 12 month low of $6.72 and a 12 month high of $13.28. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market capitalization of $200.97 million, a price-to-earnings ratio of 18.04 and a beta of 0.16.

Wall Street Analyst Weigh In

Several research firms recently commented on RBKB. Weiss Ratings cut Rhinebeck Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday. Wall Street Zen raised Rhinebeck Bancorp to a “hold” rating in a report on Sunday, July 12th. One equities research analyst has rated the stock with a Buy rating. According to MarketBeat.com, the company presently has an average rating of “Buy”.

Insider Activity at Rhinebeck Bancorp

In other news, EVP Michael Vitale acquired 4,834 shares of Rhinebeck Bancorp stock in a transaction dated Thursday, August 6th. The shares were purchased at an average cost of $12.35 per share, for a total transaction of $59,699.90. Following the transaction, the executive vice president owned 22,414 shares of the company’s stock, valued at $276,812.90. This trade represents a 27.50% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 3.00% of the company’s stock.

About Rhinebeck Bancorp

Rhinebeck Bancorp, Inc is the holding company for Rhinebeck Bank, a community bank headquartered in Rhinebeck, New York. Through its banking subsidiary, the company provides a range of financial services to individuals, families, businesses and nonprofit organizations.

Rhinebeck Bank offers deposit products such as checking, savings, money market and certificate accounts, along with residential mortgage loans, home equity financing, consumer loans and commercial lending. Its business services include commercial real estate loans, business loans, cash management and other banking solutions designed for local enterprises.

Founded in 1864, Rhinebeck Bank has a long history of serving communities in New York’s Hudson Valley.