Rhinebeck Bancorp, Inc. (NASDAQ:RBKB - Get Free Report) insider Karen E. Morgan-D'amelio sold 1,430 shares of the firm's stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $9.80, for a total transaction of $14,014.00. Following the completion of the sale, the insider now owns 1,536 shares of the company's stock, valued at approximately $15,052.80. This trade represents a 48.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Rhinebeck Bancorp Stock Performance
Shares of RBKB opened at $9.81 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.53. The firm has a market cap of $108.77 million, a PE ratio of -20.87 and a beta of 0.74. Rhinebeck Bancorp, Inc. has a 12 month low of $6.10 and a 12 month high of $10.24. The stock has a fifty day moving average price of $9.30 and a 200-day moving average price of $8.49.
Institutional Investors Weigh In On Rhinebeck Bancorp
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RBKB. Geode Capital Management LLC grew its stake in shares of Rhinebeck Bancorp by 10.8% during the third 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 last quarter. Empowered Funds LLC boosted its stake 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 purchasing an additional 2,546 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in Rhinebeck Bancorp by 135.3% during the 1st quarter. Vanguard Group Inc. now owns 242,118 shares of the company's stock worth $2,046,000 after purchasing an additional 139,200 shares during the last quarter. 23.88% of the stock is currently owned by hedge funds and other institutional investors.
Rhinebeck Bancorp Company Profile
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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.
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