Rhinebeck Bancorp (NASDAQ:RBKB) EVP Michael Vitale Buys 5,000 Shares of Stock

Rhinebeck Bancorp, Inc. (NASDAQ:RBKB) EVP Michael Vitale purchased 5,000 shares of the company’s stock in a transaction dated Wednesday, July 22nd. The shares were purchased at an average price of $11.94 per share, for a total transaction of $59,700.00. Following the completion of the purchase, the executive vice president owned 17,580 shares of the company’s stock, valued at approximately $209,905.20. This trade represents a 39.75% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Rhinebeck Bancorp Trading Up 0.9%

NASDAQ RBKB opened at $12.41 on Wednesday. The stock has a market capitalization of $193.72 million, a P/E ratio of 17.43 and a beta of 0.15. Rhinebeck Bancorp, Inc. has a 52-week low of $6.72 and a 52-week high of $12.85. The firm has a 50-day moving average price of $16.29 and a 200 day moving average price of $15.29. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.07.

Rhinebeck Bancorp (NASDAQ:RBKB) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $0.24 EPS for the quarter. Rhinebeck Bancorp had a net margin of 12.99% and a return on equity of 7.24%. The firm had revenue of $13.38 million during the quarter.

Key Stories Impacting Rhinebeck Bancorp

Here are the key news stories impacting Rhinebeck Bancorp this week:

• Positive Sentiment: Company insiders made significant open-market purchases on July 22: CEO Matthew James Smith bought 12,425 shares for approximately $149,100, Director Suzanne Loughlin purchased 12,500 shares for $149,125, EVP Michael Vitale acquired 5,000 shares for $59,700, and Director Nancy Koskey Patzwahl bought 25,000 shares for $298,500. The purchases increased their respective holdings substantially, suggesting that management and directors view RBKB’s stock as attractive at prices around $11.93 to $12.00. CEO insider purchase filing
• Positive Sentiment: Rhinebeck Bank, RBKB’s wholly owned subsidiary, appointed Travis Podolec as senior vice president and commercial lender in Orange County. His role will focus on expanding commercial banking relationships across the Hudson Valley and surrounding markets, supporting loan growth and the bank’s broader commercial-banking strategy. The appointment is strategically favorable, although no immediate earnings impact or financial targets were provided. Rhinebeck Bank appoints Travis Podolec article
• Neutral Sentiment: Zacks initiated coverage of Rhinebeck Bancorp with a Neutral recommendation. The firm recognized improving credit quality and an expanding commercial lending footprint, but cited a competitive lending environment and pressure on margins as factors limiting its conviction. Zacks Rhinebeck Bancorp coverage article

Wall Street Analyst Weigh In

A number of research firms recently weighed in on RBKB. Weiss Ratings restated a “buy (b-)” rating on shares of Rhinebeck Bancorp in a research note on Tuesday, July 21st. Wall Street Zen upgraded Rhinebeck Bancorp to a “hold” rating in a research report on Sunday, July 12th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Rhinebeck Bancorp presently has an average rating of “Buy”.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC boosted its stake in shares of Rhinebeck Bancorp by 12.1% during the 4th quarter. Barclays PLC now owns 7,210 shares of the company’s stock worth $87,000 after acquiring an additional 778 shares in the last quarter. Bridgeway Capital Management LLC increased its stake in Rhinebeck Bancorp by 1.2% in the 2nd quarter. Bridgeway Capital Management LLC now owns 68,858 shares of the company’s stock valued at $808,000 after purchasing an additional 832 shares in the last quarter. Wells Fargo & Company MN increased its stake in Rhinebeck Bancorp by 46.3% in the 4th quarter. Wells Fargo & Company MN now owns 5,064 shares of the company’s stock valued at $61,000 after purchasing an additional 1,602 shares in the last quarter. Empowered Funds LLC raised its holdings in Rhinebeck Bancorp by 3.4% during the first quarter. Empowered Funds LLC now owns 53,026 shares of the company’s stock worth $522,000 after purchasing an additional 1,762 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in Rhinebeck Bancorp by 34.4% during the third quarter. Rhumbline Advisers now owns 8,346 shares of the company’s stock worth $95,000 after purchasing an additional 2,137 shares during the last quarter. 23.88% of the stock is owned by hedge funds and other 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.