Rhinebeck Bancorp (NASDAQ:RBKB) Releases Earnings Results

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

Rhinebeck Bancorp Stock Up 0.1 %

NASDAQ RBKB traded up $0.01 on Thursday, reaching $10.02. The stock had a trading volume of 3,388 shares, compared to its average volume of 6,510. Rhinebeck Bancorp has a 1 year low of $7.30 and a 1 year high of $10.24. The business has a 50 day moving average price of $9.72 and a 200 day moving average price of $9.08. 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 company has a market capitalization of $111.12 million, a price-to-earnings ratio of -21.32 and a beta of 0.75.

Insider Activity

In other news, insider Francis X. Dwyer sold 14,779 shares of the firm’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $9.78, for a total transaction of $144,538.62. Following the transaction, the insider now owns 10,079 shares in the company, valued at approximately $98,572.62. This trade represents a 59.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 17,745 shares of company stock worth $173,652 in the last three months. 6.36% of the stock is owned by insiders.

About Rhinebeck Bancorp

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.