Rhinebeck Bancorp (NASDAQ:RBKB) Issues Earnings Results

Rhinebeck Bancorp (NASDAQ:RBKB) released its quarterly earnings data on Thursday. The company reported $0.05 EPS for the quarter, Zacks reports. Rhinebeck Bancorp had a positive return on equity of 3.81% and a negative net margin of 8.77%.

Rhinebeck Bancorp Stock Up 0.1 %

RBKB stock traded up $0.01 during midday trading on Thursday, reaching $10.02. 3,388 shares of the company’s stock traded hands, compared to its average volume of 6,510. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.53. The firm’s fifty day moving average price is $9.72 and its 200-day moving average price is $9.08. Rhinebeck Bancorp has a 52 week low of $7.30 and a 52 week high of $10.24. The company has a market cap of $111.12 million, a price-to-earnings ratio of -21.32 and a beta of 0.75.

Insiders Place Their Bets

In other news, insider Francis X. Dwyer sold 14,779 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $9.78, for a total value of $144,538.62. Following the completion of the sale, the insider now directly owns 10,079 shares of the company’s stock, valued at $98,572.62. This represents a 59.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have sold 17,745 shares of company stock worth $173,652. Insiders own 6.36% of the company’s stock.

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.