Rhinebeck Bancorp Inc (NASDAQ:RBKB) Sees Large Decline in Short Interest

Rhinebeck Bancorp Inc (NASDAQ:RBKB) saw a significant decrease in short interest during the month of July. As of July 31st, there was short interest totalling 7,300 shares, a decrease of 13.1% from the June 30th total of 8,400 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 10,000 shares, the days-to-cover ratio is presently 0.7 days.

Rhinebeck Bancorp stock traded down $0.10 during mid-day trading on Thursday, reaching $10.80. 1,713 shares of the stock traded hands, compared to its average volume of 2,185. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.80. Rhinebeck Bancorp has a 12-month low of $10.65 and a 12-month high of $12.30. The business’s 50-day moving average is $10.92 and its 200-day moving average is $11.37.

Rhinebeck Bancorp (NASDAQ:RBKB) last posted its quarterly earnings data on Tuesday, May 14th. The company reported $0.09 EPS for the quarter. The firm had revenue of $8.83 million for the quarter.

A number of institutional investors have recently bought and sold shares of RBKB. Acadian Asset Management LLC purchased a new stake in Rhinebeck Bancorp during the second quarter valued at $54,000. BlackRock Inc. increased its position in Rhinebeck Bancorp by 73.0% during the second quarter. BlackRock Inc. now owns 15,197 shares of the company’s stock valued at $168,000 after acquiring an additional 6,415 shares during the last quarter. Vanguard Group Inc. grew its holdings in Rhinebeck Bancorp by 31.4% during the second quarter. Vanguard Group Inc. now owns 117,420 shares of the company’s stock valued at $1,294,000 after purchasing an additional 28,087 shares during the period. Finally, EJF Capital LLC grew its holdings in Rhinebeck Bancorp by 18.4% during the second quarter. EJF Capital LLC now owns 659,018 shares of the company’s stock valued at $7,262,000 after purchasing an additional 102,545 shares during the period. Institutional investors own 11.22% of the company’s stock.

Rhinebeck Bancorp Company Profile

Rhinebeck Bancorp, Inc provides banking services to customers in the central Hudson Valley region of New York State. The company offers deposits; automobile loans; commercial real estate loans, including multi-family real estate loans and commercial construction loans; commercial business loans; and one- to four-family residential real estate loans.

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