Rhinebeck Bancorp, Inc. (NASDAQ:RBKB - Get Free Report) insider Karen E. Morgan-D'amelio sold 1,536 shares of the firm's stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $9.83, for a total transaction of $15,098.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Rhinebeck Bancorp Trading Down 1.6 %
Shares of RBKB stock opened at $9.81 on Tuesday. 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 has a market cap of $108.79 million, a P/E ratio of -20.87 and a beta of 0.74. The company has a 50 day moving average of $9.38 and a 200-day moving average of $8.54. Rhinebeck Bancorp, Inc. has a 12-month low of $6.10 and a 12-month high of $10.24.
Institutional Trading of Rhinebeck Bancorp
Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of 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 acquiring an additional 139,200 shares during the period. Geode Capital Management LLC boosted its position in 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 purchasing an additional 3,637 shares during the period. Finally, Empowered Funds LLC increased its stake in shares of Rhinebeck Bancorp by 5.3% in the third 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. 23.88% of the stock is currently owned by institutional investors.
About Rhinebeck Bancorp
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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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